Federal Funding Accountability and Transparency Act (FFATA)
The Federal Funding Accountability and Transparency Act (FFATA) was signed on September 26, 2006. The FFATA legislation requires information on “Federal award” spending be made available to the public via a single, searchable website, which is USAspending.gov.
“Federal award” includes the Prime awardees’ grants, contracts, cooperative agreements, loans, and Prime awardees’ first-tier subawards and subcontracts. Under federal contracts (not grants) the term “subcontracts” includes purchase order spending.
Federal agencies do not have Prime awardees’ lower tier subaward and subcontract spending activity and under the Act have implemented requirements that Prime Awardee s’ report this spending activity into the FFATA Sub-award Reporting System (FSRS).
UF and FFATA Reporting
When does the reporting period begin?
- For new federal grants valued at $25,000 or greater, October 1, 2010
- Phase 1: Contracts valued greater than $20,000,000 (July 1, 2010)
- Phase 2: Contracts valued greater than $550,000 (October 1, 2010)
- Phase 3: Contracts valued greater than $25,000 (March 1, 2011)
Who submits the FFATA Sub-award Information into the Sub-award Reporting System (FSRS)?
The Division of Sponsored Programs (DSP) has registered the University of Florida in FSRS.gov system.
- DSP will submit FFATA reports for all campus.
- Purchasing will be responsible to submit FFATA reports concerning applicable purchase orders for all of campus.
Once the data has been submitted, the public will have access to this information through the single, searchable website USASpending.gov.
How much time is allowed to report this sub-award information?
- We have until the end of the month plus one additional month after a sub-award is obligated to fulfill the reporting requirement. For example, if a sub-award was made on December 2, 2010, DSP has until January 31, 2011 to report the sub-award information.
What Sub-award information needs to be reported?
The following are examples of data that must be reported:
- Name of entity receiving the award
- Sub-award number assigned by prime awardee
- Amount of the sub-award
- Funding agency
- NAICS code / CFDA program number
- Award title descriptive of the purpose of the funding action
- Location of the entity
- Place of performance
- Unique identifier (e.g., DUNS) of the entity and its parent; and
- Total compensation and names of top five executives – not applicable to UF
When must executive compensation be reported?
Prime awardees must report executive compensation information for prime and/or sub-awardees if:
- More than 80%of annual gross revenues are from the Federal government, and those revenues are greater than $25M annually; and
- Compensation information is not already available through reporting to the SEC.
- UF is not required to report total compensation and names of top five executives.
Where can I find additional information concerning FFATA?
Questions should be directed to the email@example.com.