Friday, September 17 2010 @ 12:00 PM CDT
Information about the new reporting requirements outlined in the Federal Funding Accountability and Transparency Act (FFATA).
While this topic is not directly related to the Recovery Act reporting that takes place through reporting.iowa.gov - it is a topic most reporters would be interested in.
The U.S. Office of Management and Budget (OMB) recently released guidance
that help ensure compliance with the Federal Funding Accountability and Transparency Act (FFATA). The intent of this law is to make federal spending data available in one location: USASending.gov
. Currently, only prime recipient information is provided here, and OMB's new guidance expands reporting requirements to first-tier subrecipients.
According to all prime recipients must begin collecting and reporting information on first-tier subrecipients to a central website, FFATA Subaward Reporting System
, which will then send the information to USAspending.gov
. By October 1, 2010, prime recipients will begin reporting information on their subrecipients, including:
- Subawardee DUNS (a unique code identifying each recipient; the DUNS numbering system is a proprietary system run by Dun & Bradstreet)
- Subaward amount
- Subaward date
- Subawardee principal place of performance
- Subaward number
- Subaward Project Description
If the subawardee is registered with the Central Contractor Registry (CCR), the following fields will be prepopulated on the prime recipient’s report. If the subawardee is not registered in CCR, the prime recipient is required to fill in these fields:
- Subawardee name
- Subawardee address
- Subawardee parent DUNS (if applicable)
- Catalog of Federal Domestic Assistance (CFDA) number
- Federal agency name
- Subawardee executive compensation (if applicable)