INDEPENDENT SINGLE OR PROGRAM-SPECIFIC AUDIT. If SUBRECIPIENT, within SUBRECIPIENT’S fiscal year, expends a total amount of at least SEVEN HUNDRED FIFTY THOUSAND DOLLARS ($750,000) in federal funds awarded, SUBRECIPIENT shall have a single audit or program-specific audit in accordance with the 2 CFR 200. The $750,000 federal threshold amount includes federal funds passed through by way of State and local agency awards.
Appears in 15 contracts
Samples: Subrecipient Agreement, Subrecipient Agreement, Subrecipient Agreement
