Federal Funding Accountability and The Transparency Act of 2006 requires the reporting of Federal funds awarded via contracts and financial assistance on a searchable, publicly-accessible website.
All grants and cooperative agreements
The Federal Funding Accountability and Transparency Act (FFATA) requires information on Federal awards be made publicly available via a single, searchable website (www.usaspending.gov). Prime award recipients use the FFATA Subaward Reporting System (www.fsrs.gov) in order to ensure data is reported accurately and timely on subawards and related executive compensation data.
Frequently Asked Questions
Do prime awardee procurement contracts greater than or equal to $25,000 made under federal awards have to be reported?
No. According to the FSRS.gov website (under the FAQ section), only sub-awards that meet the dollar threshold must be reported.
What if my organization only passes through Federal financial assistance award funds as contracts?
The Uniform Guidance makes it clear that the terminology of the funding instrument is irrelevant; it is the nature of the relationship established in the instrument which determines what it is under Federal requirements.
"[A] subaward may be provided through any legal agreement, including an agreement that the prime recipient or a sub-recipient considers a contract." (§200.92 Subaward)