Non-Drug Medi-Cal Financial Audits Sample Clauses

Non-Drug Medi-Cal Financial Audits. A. Pursuant to OMB Circular A-133 § .400(d)(3), Contractor shall monitor the activities of all of its Subcontractors to ensure that: 1. Subcontractors are complying with program requirements and achieving performance goals 2. Subcontractors are complying with fiscal requirements, such as having appropriate fiscal controls in place, and are using awards for authorized purposes. B. Contractor can use a variety of monitoring mechanism, including limited scope audits, on- site visits, progress reports, financial reports, and review of documentation support requests for reimbursement, to meet the Contractor’s monitoring objectives. The Contractor may charge federal awards for the cost of these monitoring procedures as outlined in OMB Circular A-133. C. The Contractor shall submit to the State a copy of the procedures and any other monitoring mechanism used to monitor non-profit Subcontracts at the time of the County’s annual site visit or within 60 days thereafter. Contractor shall state the frequency that non-profit Subcontracts are monitored. D. Limited scope audits, as defined in the OMB Circular A-133, only include agreed-upon engagements that are (1) conducted in accordance with either the American Institute of Certified Public Accountants generally accepted auditing standards or attestation standards; (2) paid for and arranged by pass-through entities (counties); and (3) address one or more of the following types of compliance requirements: (i) activities allowed or unallowed; (ii) allowable costs/cost principals; (iii) eligibility; (9v) matching, level of effort and earmarking; and (v) reporting. E. On-site visits focus on compliance and controls over compliance areas. The reviewer must make site visits to the subcontractor locations(s), and can use a variety of monitoring mechanism to document compliance requirements. The finding and the corrective action will require follow-up by the Contractor. F. Contractor shall be responsible for any disallowance taken by the Federal Government, the State, or the California State Audit, as a result of any audit exception that is related to the Contractor’s responsibilities herein. Contractor shall not use funds administered by the State to repay one federal funding source with funds provided by another federal funding source, to repay federal funds with state funds, or to repay state funds with federal funds. State shall invoice Contractor 60 days after issuing the final audit report or upon resolution of an audit ...
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