Independent Audit Reports a. If GRANTEE expends $750,000 or more in a year in Federal funds, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A-133 for Non-Profit Institutions. Funds may be set aside in XXXXXXX’s budget in an amount equal to City’s fair share of the GRANTEE’s cost of an A-133 independent audit, if required.
Independent Audit Reports. (1) If CONTRACTOR expends $750,000 or more in a year in Federal funds, CONTRACTOR shall submit an audit report that conforms to the requirements of OMB Circular A-133 for Non-Profit Institutions. Funds may be set aside in CONTRACTOR's budget in an amount equal to CITY's fair share of the CONTRACTOR's cost of an A-133 independent audit, if required.
Independent Audit Reports a. If GRANTEE expends $750,000 or more in a year in Federal funds, GRANTEE shall submit an audit report that conforms to the requirements of 2 CFR Part 200, Subpart F Audit Requirements. Funds may be set aside in XXXXXXX’s budget in an amount equal to City’s fair share of the GRANTEE’s cost of 2 CFR Part 200, Subpart F compliant, independent audit, if required.
