Who is considered a subrecipient?
Who is considered 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.
What is subrecipient monitoring?
Post-award Subrecipient Monitoring: Post-award subrecipient monitoring refers to those day-to-day activities undertaken to monitor billing and scientific progress of an active subaward.
What is a subrecipient agreement?
A subrecipient agreement is a contract in which a non- UH entity carries out a defined portion of a sponsored project statement of work.
Who does 2 CFR 200 apply to?
§ 200.101 Applicability. (a) General applicability to Federal agencies. (1) The requirements established in this part apply to Federal agencies that make Federal awards to non-Federal entities. These requirements are applicable to all costs related to Federal awards.
What is the difference between a subrecipient and a contractor?
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.
Can a subrecipient be for profit?
A for-profit entity cannot be a subrecipient unless it is a qualified microenterprise as stated in 24 CFR 570.201(o). A subrecipient is defined at 24 CFR 570.500(c) as a public or private nonprofit agency, authority, or organization, or a for-profit entity authorized under 570.201(o).
Are Subrecipients required to have 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.
How does 2 CFR 200 define equipment?
Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes, or $5,000.
Does 2 CFR 200 apply to for profit entities?
(c) Subpart D of 2 CFR part 910 contains specific changes to 2 CFR part 200 that apply only to For-Profit Recipients and, unless otherwise specified, subrecipients.
What is the difference between contract and Subaward?
Simply put, subawards are program awards to subrecipients, and contracts are payments to contractors for goods or services.
What is the major difference between a subrecipient and a contractor?
Are contractors subject to Single Audit?
Organizations expending $750,000 or more in Federal awards are required to have a Single Audit. Contract funds should not be included when determining if a Single Audit is required.