Finding Text
Finding 2024-003 – Reporting U.S. Department of Commerce Economic Development Cluster ALN 11.307 Grantor Number 01-79-15312 Condition: The Organization did not comply with reporting requirements established under the Federal Funding Accountability and Transparency Act (FFATA) - one subaward was not identified and reported. Criteria of Specific Requirement: FFATA (as codified in 2 CFR parts 170) requires direct recipients of grants and cooperative agreements to report first-tier subawards of $30,000 or more to the Federal Funding Accountability and Transparency Act Subaward Reporting System (FSRS) no later than the end of the month following the month in which the obligation was made. Questioned Costs: None Cause: The Organization does not have formal policies in place to identify subawards that require reporting in the FSRS as required under FFATA. Effect: The Organization was not in compliance with reporting requirements under FFATA. Identification as a Repeat Finding: This is a repeat finding. Recommendation: The Organization should develop and implement formal policies and procedures to ensure compliance with FFATA reporting requirements. This should include mechanisms to identify all first-tier subawards that meet the $30,000 threshold, track subaward activity, and ensure timely and accurate reporting to FSRS. Views of Responsible Officials and Planned Corrective Actions: Management agrees; see separate corrective action plan.