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d. If, in the previous tax year, you had gross income, from all sources, under $300,000, you are exempt from the requirements to report: Subawards,and. The total compensation of the five most highly compensated executives of any subrecipient.
FFATA Report Requirements All prime recipients of individual Federal grants of $25,000 or more that are awarded on or after October 1, 2010, are required to report sub-award and executive compensation data on the FFATA Subaward Reporting System (FSRS) at http://www.fsrs.gov/.
The Federal Funding Accountability and Transparency Act (FFATA) was signed on September 26, 2006. The intent is to empower every American with the ability to hold the government accountable for each spending decision. The end result is to reduce wasteful spending in the government.
FFATA Report Requirements All prime recipients of individual Federal grants of $25,000 or more that are awarded on or after October 1, 2010, are required to report sub-award and executive compensation data on the FFATA Subaward Reporting System (FSRS) at http://www.fsrs.gov/.
FEDERAL FUNDING ACCOUNTABILITY AND TRANSPARENCY ACT. Data Collection Form. 1. The Federal Funding Accountability and Transparency Act (FFATA) required a system to allow prime grant award and prime contract recipients to report sub-award activity and executive compensation.
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In addition to the above exceptions, under the Federal Acquisition Regulations (FAR) (applicable to federal contracts), prime contractors and subcontractors who had a gross income in the previous tax year under $300,000 are exempt from FFATA reporting.
FFATA requires most recipients of new Federal funds awarded on or after October 1, 2010 to report on subawards/subcontracts/consortiums equal to or greater than $25,000. This includes awards that are initially below $25,000 but subsequent grant modifications result in an award equal to or greater than $25,000.
FFATA requires most recipients of new Federal funds awarded on or after October 1, 2010 to report on subawards/subcontracts/consortiums equal to or greater than $25,000. This includes awards that are initially below $25,000 but subsequent grant modifications result in an award equal to or greater than $25,000.

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