Q-14: Is FSRS required for all state agencies administering federal funds as prime recipients?

A-14: Yes, FFATA reporting in FSRS is required for all prime recipients of federal financial assistance that meet the definitions as contained in the FFATA.

Q-15: When is the subrecipient information reported?

A-15: The prime recipient will have until the end of the month plus one additional month after an award or sub-award is obligated to fulfill the reporting requirement.  For example, if a sub-award was made on October 15, 2010, the prime recipient has until November 30, 2010 to report the sub-award information.

Q-16: What happens if a state’s total operating and capital budget is larger than their Federally-funded program?  Is executive compensation reporting still necessary?

A-16: If less than 80% of the recipient’s gross revenues from the prior fiscal year were from Federal funds, the executive compensation reporting requirement for a recipient and/or subrecipient does not apply.  Current OMB guidance indicates the gross revenue test is measured at the State agency (i.e. – State DOT) level, not State government as a whole.

Q17: Does FFATA apply to academic institutions, as well?

A-17: As long as awards or subawards that are made to them are either in the form of grants or cooperative agreements, then yes, FFATA applies to them, as well.