Code of Federal Regulations: 2CFR 200

The information provided below is focused on the sections of 2 CFR Part 200 most relevant for subrecipients. The information highlights the key requirements subrecipients need to be aware of regarding federal awards, reporting, costs, and compliance.

Subpart A — Acronyms and Definitions (§§ 200.0 – 200.1)

Defines key terms like subrecipient, contractor, and federal award that subrecipients should understand.

Subpart B — General Provisions (§§ 200.100 – 200.113)

Includes information on requirements to disclose conflicts of interest and other mandatory disclosures.

Subpart C — Pre-Federal Award Requirements and Contents of Federal Awards (§§ 200.200 – 200.217)

Outlines the requirements that apply before a federal award is made. It also details what information must be included in a federal award document—such as the award amount, period of performance, terms, and conditions. Subrecipients should be aware of what applies to their contract.

Subpart D — Post Federal Award Requirements (§§ 200.300 – 200.346)

Subrecipients must maintain a financial management system to properly track and account for federal funds (§ 200.302), implement internal controls to safeguard those funds and ensure compliance (§ 200.303), and manage the drawdown of funds according to the terms of the award (§ 200.305).
Subrecipients must follow federal procurement standards when purchasing goods and services with federal funds (§ 200.317).
Subrecipients are subject to monitoring by the pas-through entity and must comply with their oversight processes (§ 200.331 - § 200.333).
Subrecipients are required to retain records for at least three years after the final payment or completion of the award, unless another period is specified in the terms of the contract (§ 200.334) and must provide access to these records upon request (§ 200.337).
Subrecipients must submit final reports and any required documents for the closeout of the award (§ 200.344).

Subpart E — Cost Principles (§§ 200.400 – 200.476)

Subrecipients must ensure that all costs charged to the award are reasonable, necessary, and directly related to the program (§ 200.403), are properly allocated in proportion to the benefits received (§ 200.405), and comply with any cost-sharing or matching requirements outlined in the award.

Subpart F — Audit Requirements (§§ 200.500 – 200.521)

Subrecipients that expend $1,000,000 or more in federal funds in a fiscal year must undergo a Single Audit (§ 200.501) and are required to address any audit findings by implementing appropriate corrective actions (§ 200.512).