Finding Text
Information on the Federal Program: U.S. Department of Commerce, Economic Development Administration, Economic Adjustment Assistance, Assistance Listing Number: 11.307, Period of Performance: July 1, 2021 ? June 30, 2024 Criteria: Prime recipients awarded a new federal grant greater than or equal to $30,000 are subject to FFATA sub-award reporting requirements as outlined in the Office of Management and Budgets guidance issued August 13, 2020. The prime recipient is required to file a FFATA sub-award report by the end of the month following the month in which the prime recipient awards any sub-grant greater than or equal to $30,000. Condition: The Center did not file a FFATA sub-award report for sub-grants greater than or equal to $30,000. Questioned Costs: There were no questioned costs identified. Cause: The Center did not have a policy and procedures in place to ensure compliance with the FFATA reporting requirement. Effect: The Center did not meet the FFATA reporting requirement. Context: There were two subrecipients for which the Center did not file a FFATA sub-award report. Identification as a repeat finding: This finding is not a repeat finding for the Center. Recommendation: We recommend for the Center to develop a policy and procedures to ensure compliance with the FFATA reporting requirement. Views of responsible individuals and planned corrective action: On June 28, 2023, the Vice President of Finance of the Center filed the FFATA sub-award report for sub-grants greater than or equal to $30,000.