Finding 521010 (2023-003)

Finding 2023-003 – Reporting Program Name: U.S. Department of Commerce Economic Development Cluster, ALN 11.307 Criteria of Specific Requirement: Federal Funding Accountability and Transparency Act (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. Condition: The Organization did not comply with FFATA reporting requirements. Questioned Costs: Unknown 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 not a repeat finding. Recommendation: The Organization should implement procedures to ensure all required reporting is completed. Views of Responsible Officials and Planned Corrective Actions: Management agrees; see separate corrective action plan.