Recipient and Subrecipient Reporting Sample Clauses

Recipient and Subrecipient Reporting. The applicant must have the necessary processes and systems in place to comply with the reporting requirements for first-tier sub-awards and executive compensation under the Federal Funding Accountability and Transparency Act of 2006 in the event the applicant receives funding unless such applicant is exempt from such reporting requirements pursuant to 2 CFR part 170, § 170.110(b). The reporting requirements under the Transparency Act pursuant to 2 CFR part 170 are as follows: (1) First Tier Sub-Awards of $25,000 or more in non-Recovery Act funds (unless they are exempt under 2 CFR part 170) must be reported by the Recipient to ▇▇▇▇://▇▇▇.▇▇▇▇.▇▇▇ no later than the end of the month following the month the obligation was made. (2) The Total Compensation of the Recipient’s Executives (five most highly compensated executives) must be reported by the Recipient (if the Recipient meets the criteria under 2 CFR part 170) to ▇▇▇▇▇://▇▇▇.▇▇▇.gov/ portal/▇▇▇/#1 by the end of the month following the month in which the award was made. (3) The Total Compensation of the Subrecipient’s Executives (five most highly compensated executives) must be reported by the Subrecipient (if the Subrecipient meets the criteria under 2 CFR part 170) to the Recipient by the end of the month following the month in which the subaward was made.