Handbook of Business Procedures
7.6.4. FEDERAL REPORTING
As a recipient of federal funding, The University of Texas at Austin is subject to the following reporting requirements for the following classifications of federal funding:
- The Federal Funding Accountability and Transparency Act (FFATA):
The Federal Funding Accountability and Transparency Act (FFATA) requires that information about federal awards be made available to the public to reduce waste in government spending. The University of Texas at Austin, as a prime awardee, is required to report first tier subaward information to the FFATA Subaward Reporting System (FSRS), for subawards equal to or exceeding $25,000. The federal government then makes this information available to the public on the USASPENDING.GOV website. For more information concerning FFATA reporting, contact the Purchasing Office.
Note: System for Award Management (SAM) registration is mandatory for domestic and foreign vendors receiving these subawards.
- OMB Uniform Guidance
The Office of Management and Budget (OMB) “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards; Final Rule” was released in the Federal Register on December 26, 2013 (2 CFR Chapter I, Chapter II, Part 200, et al.). Per the OMB website this guidance “will supersede requirements from OMB Circulars A-21, A-87, A-110, and A-122 (which have been placed in 2 C.F.R. Parts 220, 225, 215, and 230); Circulars A-89, A-102, and A-133; and the guidance in Circular A-50 on Single Audit Act follow-up.”
The University of Texas at Austin will implement the Procurement Standards effective September 1, 2018.