OMB AUDIT. If the City expend(s) five hundred thousand ($500,000) or more in a year in federal finance assistance it is required to have an independent annual audit conducted in accordance with OMB Circular A-133. A copy of the audit report shall be submitted to the Missouri Department of Transportation (MoDOT) within thirty (30) days of the issuance of the report. Subject to the requirements of OMB Circular A-133, if the City expend(s) less than five hundred thousands dollars ($500,000) a year, the City may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.
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Samples: Transportation and Community and System Preservation Program Agreement, Transportation and Community and System Preservation Program Agreement, Federal Aid Program Agreement
OMB AUDIT. If the City expend(s) five seven hundred fifty thousand dollars ($500,000750,000) or more in a year in federal finance financial assistance it is required to have an independent annual audit conducted in accordance with OMB Circular A-1332 CFR Part 200. A copy of the audit report shall be submitted to MoDOT within the Missouri Department earlier of Transportation (MoDOT) within thirty (30) days after receipt of the issuance auditor's report(s), or nine (9) months after the end of the reportaudit period. Subject to the requirements of OMB Circular A-1332 CFR Part 200, if the City expend(s) less than five seven hundred thousands fifty thousand dollars ($500,000750,000) a year, the City may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.
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Samples: Transportation Alternatives Funds Program Agreement, Federal Funding Agreement
OMB AUDIT. If the City City/County/Grantee expend(s) five hundred thousand ($500,000) or more in a year in federal finance assistance it is required to have an independent annual audit conducted in accordance with OMB Circular A-133. A copy of the audit report shall be submitted to the Missouri Department of Transportation (MoDOT) within thirty (30) days of the issuance of the report. Subject to the requirements of OMB Circular A-133, if the City City/County/Grantee expend(s) less than five hundred thousands thousand dollars ($500,000) a year, the City City/County/Grantee may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.
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