Common use of AUDITS OF SUBGRANTEE Clause in Contracts

AUDITS OF SUBGRANTEE. A. Subject to the threshold requirements of 45 CFR 75.501 and OMB Omni-Circular, 2 CFR 200.501, SUBGRANTEE must have an entity-wide single audit. SUBGRANTEE must send 1 copy of every audit report to the ODJFS Office of Fiscal and Monitoring Services, Audit Resolution Section at 00 Xxxx Xxxxx Xxxxxx, 00xx Xxxxx, Xxxxxxxx, Xxxx 00000, within 2 weeks of the SUBGRANTEE’s receipt of any such audit report. B. SUBGRANTEE has additional responsibilities as an auditee under OMB Omni-Circular, 2 CFR 200.508 that include, but are not limited to: 1. Proper identification of federal awards received; 2. Maintenance of required internal controls; 3. Compliance with all state and federal laws, and regulations, and with all provisions of contracts, grant agreements, or subgrant agreements that pertain to each of its federal programs; 4. Procure or otherwise arrange for the audit required in accordance with 2 CFR 200.509, and ensure proper performance and timely submission of the audit in accordance with 2 CFR 200.512; 5. Preparation of appropriate financial statements, including the schedule of federal award expenditures in accordance with 2 CFR 200.510; 6. Promptly follow up and take corrective action on audit findings, including the preparation of a summary schedule of prior audit findings and a corrective action plan, in accordance with 2 CFR 200.511; and 7. Provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit required by this ARTICLE.

AUDITS OF SUBGRANTEE. A. Subject to the threshold requirements of 45 CFR 75.501 and OMB Omni-Circular, 2 CFR 200.501, SUBGRANTEE must have an entity-wide single audit. SUBGRANTEE must send 1 one copy of every audit report to the ODJFS Office of Fiscal and Monitoring ServicesODM, Audit Resolution Performance Section at 00 Xxxx Xxxxx Xxxx Xxxxxx, 00xx Xxxxx, Xxxxxxxx, Xxxx 00000, within 2 two weeks of the SUBGRANTEE’s receipt of any such audit report. B. SUBGRANTEE has additional responsibilities as an auditee under 45 CFR 75.508, et seq., and OMB Omni-Omni- Circular, 2 CFR 200.508 200.508, et seq., that include, but are not limited to: 1. Proper identification of federal awards received; 2. Maintenance of required internal controls; 3. Compliance with all state and federal laws, and regulations, and with all provisions of contracts, grant agreements, or subgrant agreements that pertain to each of its federal programs; 4. Procure Procuring or otherwise arrange arranging for the audit required by this Article in accordance with 2 CFR 200.509, and ensure proper performance ensuring it is properly performed and timely submission of the audit submitted when due in accordance with 2 CFR 200.512; 5. Preparation of appropriate financial statements, including the schedule of federal award expenditures of Federal awards in accordance with 2 CFR 200.510; 6. Promptly follow up and take corrective action on audit findings, including the preparation of a summary schedule of prior audit findings and a corrective action plan, plan in accordance with 2 CFR 200.511; and 7. Provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit required by this ARTICLEArticle.