Handbook of Business Procedures
March 5, 2012
March 8, 2016
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 American Recovery and Reinvestment Act (ARRA)
The goal of the ARRA is to create new jobs, save existing jobs, and foster economic growth. University purchases funded wholly or partially with federal funds that are subject to ARRA reporting require that the awarded vendor comply with all applicable provisions of ARRA. If an award exceeding $25,000 is issued to a vendor, the vendor must identify the jobs created and/or retained as a result of receipt of ARRA funds. Information is reported by the university to the federal government. For more information about ARRA reporting, see the Office of Sponsored Projects’ American Recovery and Reinvestment Act – ARRA website.
- 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: Central Contractor Registration (CCR) 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, 2017.