How does Title 2 of the Code of Federal Regulations define a subrecipient?
How does Title 2 of the Code of Federal Regulations define a subrecipient?
Subrecipient means a non-Federal entity that receives a subaward from a pass-through entity to carry out part of a Federal program; but does not include an individual that is a beneficiary of such program. A subrecipient may also be a recipient of other Federal awards directly from a Federal awarding agency.
Which of the following procedures should a pass through entity perform prior to awarding federal funding to a subrecipient or contractor?
The pass through entity must perform a risk assessment of each subrecipient for noncompliance with federal statutes, regulations, and the terms and conditions of the subaward.
What does Subrecipient mean?
Subrecipient means a non‐Federal entity that receives a subaward from a pass‐through entity to carry out part of a Federal program; but does not include an individual that is a beneficiary of such program. A subrecipient may also be a recipient of other Federal awards directly from a Federal awarding agency.
What is a subrecipient?
Can a subrecipient be a pass-through entity?
According to § 200.93 of the grant guidance, a subrecipient is defined as a non-federal entity that receives a subaward from a pass-through entity to carry out part of a federal program, but does not include an individual that is a beneficiary of such program.
What is the difference between a contractor and a subrecipient?
A contractor is defined as an entity that receives a contract. A subrecipient is defined as a non-federal entity that receives a subaward from a pass-through entity to carry out part of a federal program, but does not include an individual that is a beneficiary of such a program.
Does a subrecipient need a single audit?
If the subrecipient is required to have a Single Audit, and it is not their first Single Audit, the pass-through entity may determine them to be lower risk. This is because they will have had experience with federal funding. A Single Audit is required if the organization expends $750,000 or more in federal assistance.
What is a UG audit?
Related Pages. OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance) requires annual audits of States, Local Governments, and Non-Profit Organizations that receive federal funding exceeding $750,000.