Common use of Financial Statement Audit Clause in Contracts

Financial Statement Audit. If, during its fiscal year, Grantee expends less than the threshold amount as set out in 2 CFR 200.501(a) in federal pass-through funds from State-issued Awards, Grantee must follow all of the audit requirements in Paragraphs 12.3(c)(i)-(v), above.

Appears in 4 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

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Financial Statement Audit. If, during its fiscal year, Grantee expends less than the $750,000the threshold amount as set out in 2 CFR 200.501(a) in federal pass-through funds from State-issued Awards, Grantee must follow all of the audit requirements in Paragraphs 12.3(c)(i)-(v), above.

Appears in 1 contract

Samples: Grant Agreement

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