Federal Funding Accountability and Transparency Act of 2006 or Transparency Act - Public Law 109-282, as amended by section 6202(a) of Public Law 110-252 (31 U.S.C> 6101)

Federal Financial Report

A cost objective which has allocated to it both direct and indirect costs and, in the non-Federal entity's accumulation system, is one of the final accumulation points, such as a particular award, internal project, or other direct activity of a non-Federal entity.                                

When referencing a recipient's or subrecipient's use of funds under a Federal award, means orders placed for property and services, contracts and sub awards made, and similar transactions that require payment.

A type of grant or cooperative agreement under which the Federal awarding agency or pass-through entity provides a specific level of support without regard to actual costs incurred under the Federal award. This type of Federal award reduces some of the administrative burden and record-keeping requirements for both the non-Federal entity and Federal awarding agency or pass-through entity. Accountability is based primarily on performance and results. See §§ 200.102(c), 200.201(b), and 200.333.

Finding of No Significant Impact

The period of time when federal funding is available for obligation by the recipient.

The Funding Source represents the total approved federal cost of a grant that consists of one or more Projects in TRACS. Associating a grant funding source to a project statement in TRACS is completed by the Federal Approver. 

Fish and Wildlife Service a bureau of the Department of Interior.