Transcript Seminar on Financial Management: Post Award Activities

Subaward and Executive Compensation
 Requires prime recipients to report on firsttier 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.
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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, 2010.
 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.
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Subaward and Executive Compensation
 Prime recipients must report FFATA
requirements in the (FFATA) Subaward
Reporting System (FSRS)
https://www.fsrs.gov/.
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FSRS Home Page
FSRS Home Page
Registration Help
After submitting this form, you
will receive an email to verify the
information. Only after following
the instructions in the email will
your account be activated.
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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FSRS Home Page
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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
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Closeouts
 CLOSEOUT REQUIREMENTS:
 Final Federal Financial Report (SF-425)
 Final Progress Report
 Refund Excess Cash
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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.
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OJP Financial Guide
 General Information
 Pre-award Requirements
 Post Award Requirements
 Organization Structure
Electronic Access for the OJP Financial
Guide via Internet
http://www.ojp.usdoj.gov/financialguide
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OCFO Financial Questions via
Telephone/Internet
OCFO Customer Service Center
Monday through Friday
8:30 a.m. - 6:00 p.m. est.
1-(800) 458-0786 or (202) 305-9988
FAX (202) 353-9279
OCFO e-mail Address:
[email protected]
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How to Access Grant $$
Catalogue of Federal Domestic
Assistance (CFDA)
 Over 2,228 Programs
 15 Types of Assistance
 66 Agencies
 Search by Keyword
http://www.cfda.gov
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How to Access Grant $$
For more information
Call the Federal Service Desk:
1-866-606-8220
FEDERAL DOMESTIC ASSISTANCE
CATALOG STAFF
307 - 7th Street, S.W.
Room #101
WASHINGTON, D.C. 20407
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Electronic Access to Circulars &
Common Rules via Internet
OMB Home Page:
www.whitehouse.gov/omb/
http://ecfr.gpoaccess.gov
Click “Code of Federal Regulations”
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