Advancement · Grants and Funding
When your organization passes federal funds to partners, it takes on their monitoring. Record each subaward with its Assistance Listing number, amount, period and the partner’s federal spending, mark the risk factors that apply and log every review, visit and finding. The organizer rates the risk and flags open findings, report dates, Single Audits and FFATA reporting.
Included with Caveat Classroom and Whole-school licenses. Or get it in the Grant writer’s desk, $49 for 32 items.
The worked example is made up: a literacy partner at medium risk with an open invoice finding, a report due in nine days and enough federal spending to need a Single Audit, and a low-risk arts subaward under the FFATA threshold. Records save on this device only.
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Advancement · Grants & Funding$19 · included with Classroom and Whole-school licenses
A subrecipient carries out part of the federal program and is accountable for its rules; a contractor sells goods or services. The Uniform Guidance (2 CFR 200.331) sets out how to tell them apart. Only subrecipients need the risk assessment and monitoring this organizer tracks.
For fiscal years beginning on or after October 1, 2024, an entity that spends $1,000,000 or more in federal awards in a year needs a Single Audit, up from $750,000. Subawards of $30,000 or more are reported under the Federal Funding Accountability and Transparency Act. Check your award for anything stricter.
The worked example is made up; Assistance Listing numbers are real program numbers used as examples. General federal terms only; your award terms and awarding agency govern. Nothing you type is sent to Caveat. Support: team@caveatacademic.com.