Get the free Subrecipient Agreement Highlights

A document outlining the responsibilities, compliance requirements, and financial controls for agencies receiving funding from the City, including terms regarding scope of services, payment methodologies,

How to fill out subrecipient agreement highlights

How to fill out Subrecipient Agreement Highlights

1. Start with the introduction of the agreement, stating the purpose and scope.
2. Identify the parties involved, including the primary recipient and subrecipient.
3. Outline the specific tasks and responsibilities of the subrecipient.
4. Include the budget details, specifying the amount of funding allocated to the subrecipient.
5. Define the terms of the agreement, including duration and conditions for renewal or termination.
6. Detail monitoring and reporting requirements for the subrecipient.
7. Specify compliance and regulatory obligations that the subrecipient must follow.
8. Review the agreement for accuracy and completeness before finalization.

Who needs Subrecipient Agreement Highlights?

1. Organizations receiving federal or state funding that involves partnerships with subrecipients.
2. Grant administrators who require clarity on the responsibilities of funding recipients.
3. Legal teams ensuring compliance with funding regulations.
4. Financial departments managing budgets and expenditures related to subrecipient agreements.

People Also Ask about

Is a subgrantee the same as a subrecipient?

A subgrantee, also known as a subrecipient, is either a for-profit entity or non-federal entity, such as a state government, local government, Indian tribe, Institution of Higher Education, or nonprofit organization, that receives a subgrant for the purpose of carrying out part of a federal award.

What is the difference between a subrecipient and a Subaward?

There are two types of subawards: incoming and outgoing. An incoming subaward is funding coming to SBU and an outgoing subaward is funding going out of a SBU proposal.

What is considered a subrecipient?

The definition of a subrecipient is: “An entity, usually but not limited to non-Federal entities, that receives a subaward from a pass-through entity to carry out part of a Federal award, but does not include an individual that is a beneficiary of such award.

What is considered a subaward?

As outlined in the NIH GPS 1.2, a subaward is an award provided by a pass-through entity to a subrecipient for the subrecipient to carry out part of a Federal award received by the pass-through entity. It does not include payments to a contractor or payments to an individual that is a beneficiary of a Federal program.

What is a subrecipient agreement?

A subaward is a portion of the grant award passed down from the primary recipient (the grantee) to a secondary recipient (the subrecipient).

Is a subcontract the same as a subaward?

Subawards do not include procurement of services on commercial terms by a contractor or consultants. Instead, these types of costs are considered subcontracts. Note: When categorizing budget costs, subawards belong in the 'Other' line item. Subcontracts belong in the 'Contractual' line.

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What is Subrecipient Agreement Highlights?

Subrecipient Agreement Highlights are key points and essential terms of an agreement between a primary recipient and a subrecipient, outlining responsibilities, funding allocation, and compliance requirements.

Who is required to file Subrecipient Agreement Highlights?

Organizations that receive federal or state funding and engage subrecipients to carry out part of the funded project are required to file Subrecipient Agreement Highlights.

How to fill out Subrecipient Agreement Highlights?

To fill out Subrecipient Agreement Highlights, organizations must provide detailed information regarding the project scope, subrecipient role, budget details, compliance expectations, and signatures from authorized personnel.

What is the purpose of Subrecipient Agreement Highlights?

The purpose of Subrecipient Agreement Highlights is to ensure clear understanding and agreement between parties regarding expectations, responsibilities, and compliance with funding requirements.

What information must be reported on Subrecipient Agreement Highlights?

Information reported on Subrecipient Agreement Highlights must include the project description, roles and responsibilities of the subrecipient, budget and funding details, compliance requirements, and reporting timelines.