Finding 616135 (2022-001)

Significant Deficiency
Requirement
L
Questioned Costs
-
Year
2022
Accepted
2022-11-21
Audit: 37541
Organization: Building Markets Ltd. (NY)

AI Summary

  • Core Issue: The Organization failed to register subawards over $30,000 in the FFATA FSRS.
  • Impacted Requirements: Compliance with 2 CFR Part 170 regarding subaward reporting was not met.
  • Recommended Follow-up: Update policies to ensure timely registration of all qualifying subawards and include required data elements.

Finding Text

Finding 2022-001: Federal Funding Accountability and Transparency Act (FFATA) Subaward Reporting Federal Programs: Assistance Listing Number #19.519 Criteria: As noted in 2 CFR Part 170, recipients (i.e., direct recipients) of grants or cooperative agreements who make first tier subawards of $30,000 or more are required to register in the Federal Funding Accountability and Transparency Act (FFATA) Subaward Reporting System (FSRS) and report subaward data through FSRS. Condition: The Organization did not register its subawards in the FFATA FSRS. Cause: Due to the sensitivity around the nature of the work being performed under this program, the Organization did not apply the latest compliance supplement issued by the Office of Management and Budget regarding subaward reporting requirements, and as a result did not adhere to the guidance. Effect or Potential Effect: The Organization could inadvertently fail to ensure that subrecipients are in compliance with Federal award agency regulations. Questioned Costs: None noted. Context: The Organization did not register their subawards in excess of $30,000 with the FFATA FSRS. Identification as a Repeat Finding, if Applicable: Not applicable. Recommendation: We recommend that the Organization update its policies and procedures to ensure all first tier subawards in excess of $30,000 are accurately and timely registered with the FFATA FSRS. In addition, the Organization should ensure any subawards are reported within the required time-frame. The data elements that are required to be reporting for each subaward in excess of $30,000 include the following: Subaward Date; Subawardee DUNS #; Amount of Subaward; Subaward Obligation/Action Date; Date of Report Submission; Subaward Number.

Categories

Subrecipient Monitoring Reporting

Other Findings in this Audit

  • 39693 2022-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
19.519 Overseas Refugee Assistance Program for Near East and South Asia $2.80M