Finding Text
Finding No.: 2023-004 Federal Agency: U.S. Department of Commerce AL Program: 11.482 Coral Reef Preservation Program Federal Award Nos.: NA20NOS4820198, NA20NOS4820046 Area: Reporting Questioned Costs: $0 Criteria: In accordance with 2 CFR 170.000, recipients of a federal grant are required to file a Federal Funding Accountability and Transparency Act (FFATA) subaward report if the recipient grants any subaward equal to or greater than $30,000 in federal funds. Under reporting requirements, the recipient must report each subaward of this award term to the FFATA Subaward Reporting System (FSRS) at http://www.fsrs.gov. The key data elements to be reported include subawardee name, subawardee Data Universal Numbering System (DUNS) number, amount of subaward, subaward obligation/action date, date of report submission, subaward number, subaward project description, subawardee names and compensation of highly compensated officers. The subaward report should be submitted no later than the end of the month following the month in which the subaward was issued. Condition: The Trust is required to file twelve (12) reports to the federal grantor for fiscal year 2023. These comprise of five (5) financial reports, five (5) progress narrative reports, and two (2) special reports related to FFATA Subaward Reporting System (FSRS). However, the Trust did not file two (2) of these reports. The Trust has two (2) subaward agreements that exceed the $30,000 federal funds criteria set by FFATA. Cause: The Trust does not have procedures and internal controls in place to determine the special reporting requirements under the FFATA. Effect: The Trust is in noncompliance with applicable reporting requirements related to FFATA. Identified as a Repeat Finding: Finding No. 2022-002 Recommendation: The Trust should establish internal controls requiring periodic review of the applicable reporting requirements involving subawards Views of Responsible Officials: Management agrees with the finding. See separate Corrective Action Plan.