Year 1 Closeout Docs Due

As mentioned in your contract with NWA each agency must submit certain documents at the close of the term (end of each funding year). Please review the items below and provide such reports as necessary. 

Please note if you do not qualify for reporting of sub-recipient executives, have not made equipment purchases (cost $5000+ per unit) and have made no inventions you may reply with a letter stating such.

  1. Reporting of Subrecipient Executives: Subrecipient must report the names and total compensation of each of its five most highly compensated executives for Subrecipient’s preceding completed fiscal year if in the preceding fiscal year, Subrecipient received: (i) 80 percent or more of its annual gross revenues from Federal procurement contracts (and subcontracts) and Federal financial assistance subject to the Transparency Act, as defined at 2 CFR Part 170.320 (and sub-awards); (ii) $25,000,000 or more in annual gross revenues from Federal procurement contracts (and subcontracts), and Federal financial assistance subject to the Transparency Act (and sub-awards); and (iii) the public does not have access to information about the compensation of the executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. Part 78m(a), 78o(d)) or section 6104 of the Internal Revenue Code of 1986. (To determine if the public has access to the compensation information, see the U.S. Security and Exchange Commission total compensation filings at http://www.sec.gov/answers/execomp.htm). The subrecipient executive total compensation must be submitted to NWA by the end of the month following the month during which Subrecipient makes the sub-award.
  2. Equipment Inventory Report: An original and two copies of a complete inventory must be submitted to NWA for all major equipment acquired or furnished under this Project with a unit acquisition cost of $5,000 or more. The inventory list must include the description of the item, manufacturer serial and/or identification number, acquisition date and cost, and the percentage of Federal funds used in the acquisition of the item. Subrecipient should also identify each item of equipment that it wishes to retain for continued use in accordance with 2 CFR Parts 200, 215.37 or 2 CFR Part 216.71.
  3. Final Invention Statement: An original and two copies of a final invention statement must be submitted to NWA, in accordance with the following form: http:www.hhs.gov/forms/hhs568.pdf. If no inventions were conceived under this assistance award, a negative report is required. This statement may be included in a cover letter.