Common use of Mandatory Audit, Certification, and Audited Financial Statement Clause in Contracts

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient expends seven hundred fifty thousand dollars ($750,000) or more in federal awards during its fiscal year, the Subrecipient must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514), unless the Subrecipient elects to have a program-specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)). 2. If the Subrecipient expends less than seven hundred fifty thousand dollars ($750,000) in federal awards during the fiscal year, the Agency agrees to: a. Provide an annual certification to the County that a single audit was not required; and b. Annually submit an Audited Financial Statement to the County. 3. If the Subrecipient is mandated to have an audit performed due to its expenditure of seven hundred fifty thousand dollars ($750,000) or more in federal awards within one fiscal year, that audit shall be completed no later than one-hundred and eighty (180) calendar days after the close of the Subrecipient’s fiscal year.

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient expends seven hundred and fifty thousand dollars ($750,000) or more in federal awards during its fiscal year, the Subrecipient Suprecipient must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514), unless the Subrecipient elects to have a program-program- specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)). 2. If the Subrecipient expends less than seven hundred and fifty thousand dollars ($750,000) in federal awards during the fiscal year, the Agency agrees to: a. Provide an annual certification to the County that a single audit was not required; and b. Annually submit an Audited Financial Statement to the County. 3. If the Subrecipient is mandated to have an audit performed due to its expenditure of seven hundred and fifty thousand dollars ($750,000) or more in federal awards within one fiscal year, that audit shall be completed no later than one-hundred and eighty (180) calendar days after the close of the Subrecipient’s fiscal year.

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient expends seven hundred and fifty thousand dollars ($750,000) or more in federal awards during its fiscal year, the Subrecipient must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514), unless the Subrecipient elects to have a program-specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)). 2. If the Subrecipient expends less than seven hundred and fifty thousand dollars ($750,000) in federal awards during the fiscal year, the Agency agrees to: a. Provide an annual certification to the County that a single audit was not required; and b. Annually submit an Audited Financial Statement to the County. 3. If the Subrecipient is mandated to have an audit performed due to its expenditure of seven hundred and fifty thousand dollars ($750,000) or more in federal awards within one fiscal year, that audit shall be completed no later than one-hundred and eighty (180) calendar days after the close of the Subrecipient’s fiscal year.

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient Agency shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient Agency expends seven hundred and fifty thousand dollars ($750,000) or more in federal awards during its fiscal year, the Subrecipient Agency must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514) (“Scope of Audit”), unless the Subrecipient Agency elects to have a program-specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)) (“Audit Requirements”). 2. If the Subrecipient Agency expends less than seven hundred and fifty thousand dollars ($750,000) in federal awards during the fiscal year, the Agency agrees to: a. Provide an annual certification to the County that a single audit was not required; and b. Annually submit an Audited Financial Statement to the County. 3. If the Subrecipient Agency is mandated to have an audit performed due to its expenditure of seven hundred and fifty thousand dollars ($750,000) or more in federal awards within one fiscal year, that audit shall be completed no later than one-hundred and eighty (180) calendar days after the close of the SubrecipientAgency’s fiscal year.

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient expends seven hundred and fifty thousand dollars ($750,000) or more in federal awards during its fiscal year, the Subrecipient must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514) (“Scope of Audit”), unless the Subrecipient elects to have a program-specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)) (“Audit Requirements”). 2. If the Subrecipient expends less than seven hundred and fifty thousand dollars ($750,000) in federal awards during the fiscal year, the Agency agrees to: a. Provide an annual certification to the County that a single audit was not required; and b. Annually submit an Audited Financial Statement to the County. 3. If the Subrecipient is mandated to have an audit performed due to its expenditure of seven hundred and fifty thousand dollars ($750,000) or more in federal awards within one fiscal year, that audit shall be completed no later than one-hundred and eighty (180) calendar days after the close of the Subrecipient’s fiscal year.

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient expends seven hundred fifty thousand dollars ($750,000750,000.00) or more in federal awards financial assistance during its fiscal year, the Subrecipient must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514“Scope of Audit”), unless the Subrecipient elects to have a program-program- specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)“Audit Requirements”). 2. If the Subrecipient expends less than seven hundred fifty thousand dollars ($750,000750,000.00) in federal awards financial assistance during the fiscal year, the Agency agrees to: a. Provide Subrecipient shall: provide an annual certification to the County that a single audit was not required; and b. Annually and annually submit an Audited Financial Statement to the County. 3. If the Subrecipient is mandated to have an audit performed due to its expenditure of seven hundred fifty thousand dollars ($750,000750,000.00) or more in federal awards financial assistance within one fiscal year, that audit shall must be completed no later than one-hundred and eighty (180) calendar days after the close of the Subrecipient’s fiscal year.

Mandatory Audit, Certification, and Audited Financial Statement. In determining the federal award amounts expended during its fiscal year, the Subrecipient shall consider all sources of federal awards including federal resources received from the State or other agencies. 1. If the Subrecipient expends seven hundred and fifty thousand dollars ($750,000) or more in federal awards during its fiscal year, the Subrecipient Suprecipient must have a single audit completed and conducted in accordance with 2 CFR § 200.514 (or, for HHS awards: 45 CFR § 75.514), unless the Subrecipient elects to have a program-specific audit in accordance with 2 CFR § 200.501(c) (or, for HHS awards: 45 CFR § 75.501(c)). 2. If the Subrecipient expends less than seven hundred and fifty thousand dollars ($750,000) in federal awards during the fiscal year, the Agency agrees to: a. Provide an annual certification to the County that a single audit was not required; and b. Annually submit an Audited Financial Statement to the County. 3. If the Subrecipient is mandated to have an audit performed due to its expenditure of seven hundred and fifty thousand dollars ($750,000) or more in federal awards within one fiscal year, that audit shall be completed no later than one-hundred and eighty (180) calendar days after the close of the Subrecipient’s fiscal year.