Common use of FEDERALLY FUNDED Clause in Contracts

FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) Audit required. A non-Federal entity that expends $750,000 or more during the non-Federal entity's fiscal year in Federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) Single audit. A non-Federal entity that expends $750,000 or more during the non-Federal entity's fiscal year in Federal awards must have a single audit conducted in accordance with 2 CFR §200.514 Scope of audit except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) Program-specific audit election. When an auditee expends Federal awards under only one Federal program (excluding R&D) and the Federal program's statutes, regulations, or the terms and conditions of the Federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal awards expended were received from the same Federal agency, or the same Federal agency and the same pass-through entity, and that Federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) Exemption when Federal awards expended are less than $750,000. A non-Federal entity that expends less than $750,000 during the non-Federal entity's fiscal year in Federal awards is exempt from Federal audit requirements for that year, except as noted in 2 CFR §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 3 contracts

Samples: Grant Agreement, Grant Agreement, Cultural Facilities Grant Agreement

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FEDERALLY FUNDED. This part is applicable if the recipient Subgrantee is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT 1 to this attachment agreement indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements: (a) Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR 2 §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR 2 §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR 2 §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 2 contracts

Samples: Library Services and Technology Act Grant Agreement, Library Services and Technology Act Grant Agreement

FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) Requirements Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) . Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) . Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) . Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 2 contracts

Samples: Library Construction Grant Agreement, Library Construction Grant Agreement

FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) a. Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) b. Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) c. Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) d. Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 2 contracts

Samples: Library Construction Grant Agreement, Library Construction Grant Agreement

FEDERALLY FUNDED. This part is applicable if the recipient Subgrantee is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) a. Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) b. Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) c. Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) d. Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 1 contract

Samples: Library Services and Technology Act Grant Agreement

FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) Requirements Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) . Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR 2 §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) . Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR 2 §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) . Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR 2 §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 1 contract

Samples: Library Cooperative Grant Agreement

FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR 2 §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR 2 §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR 2 §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 1 contract

Samples: Library Cooperative Grant Agreement

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FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) : Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) . Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR 2 §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) . Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR 2 §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) . Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR 2 §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 1 contract

Samples: State Aid to Libraries Grant Agreement

FEDERALLY FUNDED. This part is applicable if the recipient is a State state or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) Requirements Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) . Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) . Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) . Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 1 contract

Samples: Cultural Endowment Program Agreement

FEDERALLY FUNDED. This part is applicable if the recipient is a State or local government or a non-profit organization that has received federal funds awarded through the Department of State. EXHIBIT Exhibit 1 to this attachment indicates whether federal resources have been awarded through the Department of State by this agreement. 2 CFR 2 §200.501 Audit Requirements (a) Audit required. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of this part. (b) Single audit. A non-Federal federal entity that expends $750,000 or more during the non-Federal federal entity's fiscal year in Federal federal awards must have a single audit conducted in accordance with 2 CFR §200.514 Scope of audit audit, except when it elects to have a program-specific audit conducted in accordance with paragraph (c) of this section. (c) Program-specific audit election. When an auditee expends Federal federal awards under only one Federal federal program (excluding R&D) and the Federal federal program's statutes, regulations, or the terms and conditions of the Federal federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit conducted in accordance with 2 CFR §200.507 Program-specific audits. A program-specific audit may not be elected for R&D unless all of the Federal federal awards expended were received from the same Federal federal agency, or the same Federal federal agency and the same pass-through entity, and that Federal federal agency, or pass-through entity in the case of a subrecipient, approves in advance a program-specific audit. (d) Exemption when Federal federal awards expended are less than $750,000. A non-Federal federal entity that expends less than $750,000 during the non-Federal federal entity's fiscal year in Federal federal awards is exempt from Federal federal audit requirements for that year, except as noted in 2 CFR §200.503 Relation to other audit requirements, but records must be available for review or audit by appropriate officials of the Federal federal agency, pass-through entity, and Government Accountability Office (GAO).

Appears in 1 contract

Samples: Library Cooperative Grant Agreement

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