Provides Prior to dos CFR Part step 1, Part 170 Reporting Sub-Prize And you may Executive Settlement Recommendations, Primary Awardees provided a national offer must file good FFATA sandwich-honor report towards the end of one’s times following day where primary awardee prizes any sandwich-grant comparable to or higher than $29,000. The new reporting conditions are listed below:
- This requirement is actually for one another required and you may discretionary offers provided to the or shortly after .
- Most of the sandwich-honor suggestions must be stated because of the prime awardee.
- For those the brand new Government grants by , when your initial prize is equal to or higher $30,000, revealing out-of sub-award and executive payment data is needed.
- Whether your initial honor try less than $31,000 however, further grant adjustment trigger a complete honor equal so you can or higher $31,000, the new prize would be at the mercy of brand new revealing conditions, since the fresh big date the new award exceeds $29,000.
- If for example the very first honor translates to or is higher than $29,000 however, resource was after that de–motivated in a way that the honor matter falls lower than $31,000, the new award remains susceptible to the new revealing conditions of the newest Visibility Work and therefore Suggestions.
One corrections must built in the current recorded declaration
A: When the appropriate subawards just weren’t safely said from the a person pursuant so you’re able to FFATA, auditors is to have a look at compliance with your conditions predicated on whether good person demonstrated a great «good faith» work so you’re able to follow. Trial of a beneficial «good faith» work from the a receiver should be confirmed by proper records for example as: characters otherwise mobile phone logs of correspondence anywhere between a receiver additionally the awarding department or the Standard Attributes Government; or screen photos that train receiver attempts to publish pointers with the FFATA Subaward Reporting System (FSRS).
