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FAS Recovery Act Compliance

FAS Recovery Act Compliance. ARRA Reporting Overview. Recovery dollars must be tracked separately (per OMB and IG guidance) Contract actions should not co-mingle Recovery and non-Recovery dollars

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FAS Recovery Act Compliance

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  1. FAS Recovery Act Compliance

  2. ARRA Reporting Overview Recovery dollars must be tracked separately (per OMB and IG guidance) Contract actions should not co-mingle Recovery and non-Recovery dollars There are additional budget controls and reporting requirements beyond standard operating procedures; all reporting requirements must be adhered to For FAS, most of the Recovery activity has been vehicles for TMVCS and certain assisted acquisitions for Government customers For the ITS portfolio, customers (e.g. schedule users) are responsible for correctly reporting their own Recovery spending; FAS is not required to track those actions

  3. Reporting Requirements Agencies must report on financial activity, recipient compliance, and planned Recovery awards (cf. FBO) Regular (weekly and quarterly) and ad hoc requirements (OMB data calls, etc.) via OMB MAX COs are required to monitor the compliance of their recipients FAS contractors received a “mass modification” to incorporate FAR 52.204–11 Recipients must report quarterly via FederalReporting.gov

  4. FPDS Recovery Report Download from https://www.fpds.gov You can use filters to select your agency or contracting office Agencies are encouraged to check this report daily

  5. Issues with FPDS vs. other data Some actions appear in the FPDS TAS report erroneously FPDS compares TAS field entries with a list of purported Recovery TAS codes held on OMB MAX We are working to scrub the list of false positives Some TAS codes are dual-purpose (that is, they are used for both Recovery and non-Recovery dollars, and the FPDS PMO marks these on a case-by-case basis) In future, FPDS will validate against the Treasury Fastbook

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