Is the $25,000 threshold for reporting detailed information about vendor payments based on a single payment or based on the cumulative payments to a vender during a reporting period?
Reporting of detailed vendor information is triggered by a single payment of $25,000 or more by UCI or one of UCI’s subrecipients (i.e., subcontractors). Detailed reporting of vendor information is not triggered by multiple payments that are less then $25,000, but exceed $25,000 in aggregate. Please refer to question #10 for information regarding how to report vendor payments of $25,000 or less.
Related Questions
- What if a vendor’s payments were aggregated in a previous quarter and then the vendor received a payment of more than $25,000 during the current reporting quarter?
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