Subaward and Executive Compensation  Requires prime recipients to report on first- tier subawards of $25K or more.  Requires prime recipients to report.

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Presentation transcript:

Subaward and Executive Compensation  Requires prime recipients to report on first- tier subawards of $25K or more.  Requires prime recipients to report executive compensation for prime or subawards if: The organization received 80% or more of its annual gross revenues in Federal awards and those revenues are greater than $25 million; and The public does not have access to information about executive compensation through periodic reporting. 186

When to Report  For Federal awards of $25K or more made on or after October 1, 2010, the prime recipient must report first-tier and executive compensation data.  Not applicable to supplements made on or after October 1,  Data must be reported in FSRS the following month after the obligation is made. Example: Awards made during October 2010 will have until November 30, 2010 to report. 187

Subaward and Executive Compensation  Prime recipients must report FFATA requirements in the (FFATA) Subaward Reporting System (FSRS)

FSRS Home Page

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FSRS Home Page 191

FSRS Home Page Registration Help After submitting this form, you will receive an to verify the information. Only after following the instructions in the will your account be activated. 192

FSRS Home Page 193

FSRS Home Page 194

FSRS Home Page 195

FSRS Home Page 196

FSRS Home Page 197

FSRS Home Page 198

FSRS Home Page 199

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FSRS Home Page 201

Closeouts Award recipients have 90 days after the end date of the award to close out the award.  Cash Reconciliation Request reimbursement of funds to cover expenditures The Federal expenditures must be equal to or greater than the cash disbursements from the awarding agency  Drawdown of Funds Request final payment Funds will be frozen after 90 days 202

Closeouts  CLOSEOUT REQUIREMENTS: Final Federal Financial Report (SF-425) Final Progress Report Refund Excess Cash 203

Closeouts  Refund excess cash Make check payable to DOJ/Office of Justice Programs Cover letter or voucher containing the grant number for the refund, itemization of funds and the unobligated balance Printout of the final SF-425 report which supports the amount of the refund Failure to remit payment to OJP will be referred to the U.S. Department of the Treasury for collection. 204

GMS Closeout Sponsored by The Office of Audit, Assessment, and Management Grants Management Division 205

OJP Financial Guide Electronic Access for the OJP Financial Guide via Internet 206

OCFO Financial Questions via Telephone/Internet OCFO Customer Service Center Monday through Friday Monday through Friday 8:30 a.m. - 6:00 p.m. est. 1-(800) or (202) FAX (202) OCFO Address: 207

How to Access Grant $$ Catalogue of Federal Domestic Assistance (CFDA)  Over 2,228 Programs  15 Types of Assistance  66 Agencies  Search by Keyword

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Memorable Moments  Dates: Award Obligation Expenditure Budget modifications, no cost extensions & other GANs Drawdown Reporting (Financial & Progress) Documentation! 211