SUBAWARD RISK ASSESSMENTS & FEDERAL FUNDING ACCOUNTABILITY AND TRANSPARENCY ACT (FFATA) GMUN General Meeting September 2010

Risk Assessment (Handout)

FFATA Purpose Allow the tax-paying public to understand where federal dollars are being spent (including research funding)  Agencies submit data on federal awards  Institutions report federally-funded subawards Public receives an on-line searchable database displaying funding received by a recipient  USASpending.Gov

Awards Subject to FFATA All federal contracts over $20M (July 8, 2010) All federal contracts over $550M (October 1, 2010) All federal contracts over $25K (March 1, 2011) All new grants and cooperative agreements (October 1, 2010 and thereafter)  Renewals and continuations are excluded (award must include a new “Federal Award Id Number- FAIN)  ARRA awards are excluded  Awards are expected to include a term and condition invoking FFATA

What Must be Reported Contracts  Subawards and vendor transactions over $25K Grants and Coop Agreements  Subawards over $25K  Incrementally funded subawards must be reported with funding awarded reaches $25K  Each modification thereafter must also be reported

When Must Reporting Occur By the end of the month following the month the subaward is fully-executed  E.g. subaward executed 10/3/10 must be reported by 11/30/10  Practically, this means that SPA must obtain information from subrecipients before the subaward is executed

Who Reports What Where? SPA reports into a new government system called FSRS (FFATA Subaward Reporting System) Data can be entered:  Manually  Batch upload via Excel (probably what we will pick) Agencies will pre-populate awards  May or may not be helpful!

What Data Does SPA have to Collect? Subaward execution month/year Subrecipient DUNS+4 Subrecipient Name Subrecipient DBA Name Subrecipient Address Subrecipient Congressional District Subrecipient Parent DUNS Subaward Amount Subaward Obligation/Action Date Subrecipient Primary Place of Performance Address Subrecipient Primary Place of Performance Congressional District Subaward Number Assigned by Prime Awardee Subrecipient Executive Compensation Eligibility Subrecipient Executive Compensation Prior Reporting Subrecipient Names and Compensation of 5 Most Highly Compensated Officers (if required by answers to previous two questions) Subaward Project Description (award title and description of the purpose of each funding action, and the overall purpose of the award)

How will SPA Collect This? Now: Updated version of old FFATA form at time of subaward issuance Later: Collect it on FDP Subaward template Departments need to get involved only if there is a problem getting data from subrecipient Burden: Unknown, but we have more than 800 federally-funded active subawards at this time