FINANCIAL REPORT REQUIREMENTS. A. The Agency shall, if applicable:
1. Adhere to OMB Circular A‐133 “Audits of State, Local Governments and Non‐Profit Organizations” which establishes single audit requirements and federal responsibilities for implementing and monitoring audit requirements for non‐profit and governmental organizations receiving federal financial assistance.
2. Provide access to financial records by independent auditors.
3. Submit two (2) copies of the audit, management letter, and corrective action plan (if applicable). Submission of the report shall be the earlier of 30 days after the Agency's receipt of the auditor’s report or nine months after the end of the audit period. The audit must be accompanied by documentation indicating that the Agency’s Board of Directors has reviewed the audit and management letter.
B. For agencies, not required to meet OMB A‐133 Single Audit Requirements, the Agency shall submit:
1. Annual financial statement, and
2. The Federal Form 990 “Return of Organizations Exempt from Income Tax” (if required to file with the Internal Revenue Service).
C. The Agency shall maintain accounting records that accurately reflect actual total program operating expenditures and all revenues contributing to program operation. A revenue and expenditure report will be submitted by February 15, 2012, for Calendar Year 2011 and February 15, 2013 for Calendar Year 2012.
FINANCIAL REPORT REQUIREMENTS. A. The Agency shall, if applicable:
1. Adhere to OMB Circular A-133 “Audits of State, Local Governments and Non- Profit Organizations” which establishes single audit requirements and federal responsibilities for implementing and monitoring audit requirements for non-profit and governmental organizations receiving federal financial assistance.
2. Provide access to financial records by independent auditors.
3. Submit two (2) copies of the audit, management letter, and corrective action plan (if applicable). Submission of the report shall be the earlier of 30 days after the Agency's receipt of the auditor’s report or nine months after the end of the audit period. The audit must be accompanied by documentation indicating that the Agency’s Board of Directors has reviewed the audit and management letter.
B. For agencies, not required to meet OMB A-133 Single Audit Requirements, the Agency shall submit:
1. Annual financial audit, and
2. The Federal Form 990 “Return of Organizations Exempt from Income Tax” (if required to file with the Internal Revenue Service).
FINANCIAL REPORT REQUIREMENTS. A. The CONTRACTOR shall, if applicable:
1. Adhere to OMB Circular A-133 “Audits of State, Local Governments and Non- Profit Organizations” which establishes single audit requirements and federal responsibilities for implementing and monitoring audit requirements for non- profit and governmental organizations receiving federal financial assistance.
2. Provide access to financial records by independent auditors.
B. For agencies, not required to meet OMB A-133 Single Audit Requirements, the CONTRACTOR shall submit:
1. Annual financial statement, and
2. The Federal Form 990 “Return of Organizations Exempt from Income Tax” (if required to file with the Internal Revenue Service).
C. The CONTRACTOR shall maintain accounting records that accurately reflect actual total program operating expenditures and all revenues contributing to program operation. A revenue and expenditure report will be submitted by annually as requested by the COUNTY.
FINANCIAL REPORT REQUIREMENTS. A. The Contractor shall, if applicable:
1. Adhere to OMB Circular A-133 “Audits of State, Local Governments and Non-Profit Organizations” which establishes single audit requirements and federal responsibilities for implementing and monitoring audit requirements for non-profit and governmental organizations receiving federal financial assistance.
2. Provide access to financial records by independent auditors or the County.
3. Submit a copy of the audit, management letter, and corrective action plan (if applicable). Submission of the report shall be the earlier of 30 days after the Contractor's receipt of the auditor’s report or nine months after the end of the audit period. The audit must be accompanied by documentation indicating that the Contractor’s Board of Directors has reviewed the audit and management letter.
B. For agencies, not required to meet OMB A-133 Single Audit Requirements, the Contractor shall submit:
1. Annual financial statement, and
2. The Federal Form 990 “Return of Organizations Exempt from Income Tax” (if required to file with the Internal Revenue Service).
C. The Contractor shall maintain accounting records that accurately reflect actual total program operating expenditures and all revenues contributing to program operation. A revenue and expenditure report will be submitted upon request by the county for Calendar Year 2021.
