Federal Audit Requirements. The Grantee agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. The Grantee agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. Part 200, Subpart F. If findings are made which cover any part of this Agreement, the Grantee shall provide one (1) copy of the audit report to OSLI and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to OSLI’s records.
Federal Audit Requirements. The Grant is federal financial assistance, and the associated Assistance Listings number is 21.027. Recipient is a subrecipient.
(1) If Recipient receives federal funds in excess of $750,000 in Recipient’s fiscal year, it is subject to audit conducted in accordance with the provisions of 2 CFR part 200, subpart F. Recipient, if subject to this requirement, shall at its own expense submit to DAS a copy of, or electronic link to, its annual audit subject to this requirement covering the funds expended under this Contract and shall submit or cause to be submitted to DAS the annual audit of any subrecipient(s), contractor(s), or subcontractor(s) of Recipient responsible for the financial management of funds received under this Contract.
(2) Audit costs for audits not required in accordance with 2 CFR part 200, subpart F are unallowable. If Recipient did not expend $750,000 or more in Federal funds in its fiscal year, but contracted with a certified public accountant to perform an audit, costs for performance of that audit shall not be charged to the funds received under this Contract.
(3) Recipient shall save, protect and hold harmless DAS from the cost of any audits or special investigations performed by the Federal awarding agency or any federal agency with respect to the funds expended under this Contract. Recipient acknowledges and agrees that any audit costs incurred by Recipient as a result of allegations of fraud, waste or abuse are ineligible for reimbursement under this or any other agreement between Recipient and the State of Oregon.
(4) Recipient is authorized to use the Grant to pay itself for those administrative costs that are eligible costs under the CSFRF to implement the Project. DAS’s approval of Recipient’s administrative costs does not preclude the State of Oregon from later recovering costs from Recipient if the U.S. Department of the Treasury disallows certain costs after an audit.
Federal Audit Requirements. Subrecipient agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Subrecipient agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. Part 200, Subpart F. If findings are made which cover any part of this Grant Agreement, Subrecipient shall provide one (1) copy of the audit report to Agency and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to Agency’s records.
Federal Audit Requirements. The COUNTY and its Lead Agency agree to comply with the Federal Audit Requirements attached hereto as Attachment “C” and made a part hereof as if specifically set forth herein.
Federal Audit Requirements. The Consultant agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo and organization-wide financial and compliance single audit. The Consultant agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 CFR Part 200, Subpart F. If findings are made which cover any part of this Agreement, the Consultant shall provide one (1) copy of the audit report to WYDOT and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to WYDOT’s records.
Federal Audit Requirements. If applicable, Contractor shall fulfill the audit requirements of 2 CFR Part 200, Subpart F, and shall provide such audit to the Department within thirty (30) days after its receipt of the final audit by Contractor from the preparing accountant.
Federal Audit Requirements. Grantee agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Xxxxxxx agrees to comply with the audit requirements of
Federal Audit Requirements. Contractor agrees if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Contractor agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. Part 200, Subpart F. If findings are made which cover any part of this Contract, Contractor shall provide one (1) copy of the audit report to the County and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to the County’s records.
Federal Audit Requirements. Grantee shall be responsible for complying with all necessary requirements of the Federal Single Audit Act, as set forth in 2 CFR 200, Subpart F. The Grantee's single audit reports are to be submitted to Grantor's Audit Office before September 1st. The Operations Guide sets forth the OMB Circulars regarding administrative regulations and cost principles which are applicable to this Agreement. In accordance with such applicable OMB Circulars, costs of audits must be reasonable and be allocated in an appropriate manner relative to grant size or audit effort.
Federal Audit Requirements. Grantees that meet the requirements of 2 CFR 200, Subpart F, Audit Requirements must notify the Grantor when their reporting package was submitted to the Federal Audit Clearinghouse. Notification should be sent to xxxxxxxxxxx@xxxxxxxxxxx.xxxx.xxx and xxxxxxxxxxx@xxxxxxxxxxx.xxxx.xxx and must take place within seven (7) days following submission of the audit package to the Federal Audit Clearinghouse. In addition to the notification, the Grantee shall electronically submit their single audit report to xxxxxxxxxxx@xxxxxxxxxxx.xxxx.xxx and xxxxxxxxxxx@xxxxxxxxxxx.xxxx.xxx. Grantees that are not subject to the requirements of 2 CFR 200, Subpart F, Audit Requirements must submit a copy of their regular audit report within nine months following the end of the Grantee’s fiscal year or thirty days following the issuance of the regular audit report, whichever occurs first. The audit report shall be submitted electronically to xxxxxxxxxxx@xxxxxxxxxxx.xxxx.xxx and xxxxxxxxxxx@xxxxxxxxxxx.xxxx.xxx.
