On October 1, 2013, the Office of Management and Budget began requiring agencies to assign a Federal Award Identification Number (FAIN) for every contract and grant. The FAIN will be unique to the agency and should make it easier for recipients to correctly report sub-awards. Each agency will report to the OMB on a quarterly basis to validate the accuracy of the information on USASpending.gov to improve data quality. Agencies must meet this goal by November 15, 2014.
- How will agencies ensure accurate data reporting?
Agencies may report required financial information about awards directly to USAspending.gov
from that financial system and may consider the information reported to be automatically
validated. Or they may use well-recognized, published data sources for their validation—namely, the SF 133, "Report on Budget Execution and Budgetary Resources," which OMB publishes online each month and which auditors commonly use. Last, agencies may develop their own approach to validate the information, but the methodology must be approved by August 31, 2013.
- Can the federal agency modify the FAIN?
Once an agency assigns a FAIN and reports it to USAspending.gov, the federal agency may not—with limited exceptions—modify the FAIN during the life of the award.
- What are the origins of “open government”?
You could trace it to the Enlightenment, but we don't need to go there. In legislative, practical terms for U.S. agencies, the Federal Funding Accountability and Transparency Act (FFATA) of 2006 is the authorization behind the federal open government initiative. USAspending.gov was launched in December 2007 to implement FFATA by providing the public with centralized access to information on federal spending.
- Where can I read more about all this?
eCivis is the nation's leading grants management software solution and the ideal platform for improving local governments' and community-based organizations' grants performance. For more information about eCivis, visit www.ecivis.com. For media inquiries, contact email@example.com.