Common use of Part 200 Clause in Contracts

Part 200. All entities that have a single audit must submit the reporting package and data collection form to the Federal Audit Clearinghouse in accordance with 2 C.F.R. § 200.512. Additionally, if any subrecipient receives more than $500,000, collectively, in State General Fund appropriations in its fiscal year from the Department, it must have an audit in accordance with Government Auditing Standards (the Yellow Book) and Generally Accepted Auditing Standards established by the American Institute of Certified Public Accountants. Under federal law and in accordance with Treasury guidance, for-profit subrecipients are not subject to the audit obligations established by 2 C.F.R. Part 200, Subpart F, including those set forth in 2 C.F.R. § 200.501. However, all subrecipients are subject to the terms and conditions of the federal award between the Treasury and the Department and, pursuant to 2 C.F.R. § 200.501(h), the Department has an obligation to ensure compliance by for-profit subrecipients. Under that provision, methods to ensure compliance for federal awards made to for-profit subrecipients may include pre-award audits, monitoring during the agreement, and post-award audits. Nothing contained in this Agreement shall be construed to mean that the Treasury or the Department cannot utilize their auditors regarding audits of federal and Department funds, and the Subrecipient agrees to cooperate with the Treasury and the Department with respect to any audit concerning this Agreement. Audits of this nature shall be planned and carried out in such a way as to avoid duplication or not exceed applicable audit coverage limits. Copies of all required audits must be submitted to the Department and the Alabama Department of Examiners of Public Accounts. Copies may be transmitted by email or traditional mail, at the following addresses: xxxxx@xxxxx.xxxxxxx.xxx Alabama Department of Economic and Community Affairs ATTENTION: Chief Auditor 000 Xxxxx Xxxxxx P.O. Box 5690 Montgomery, AL 36103-5690 xxxxxxx.xxxxxxx@xxxxxxxxx.xxxxxxx.xxx Alabama Department of Examiners of Public Accounts ATTENTION: Audit Report Repository P.O. Box 302251 Xxxxxxxxxx, AL 36130-2251 25. AUDIT EXCEPTIONS/UNRESOLVED QUESTIONED COSTS/OUTSTANDING DEBTS: The Subrecipient certifies by signing this Agreement that it does not have any unresolved audit exceptions, unresolved questioned costs, or finding of fiscal inadequacy as a result of project monitoring. It further certifies that no money is owed by the Subrecipient to any division of the Department or to the federal government under any program where it has not arranged a repayment plan.

Part 200. All entities that have a single audit must submit the reporting package and data collection form to the Federal Audit Clearinghouse in accordance with 2 C.F.R. § 200.512. Additionally, if any subrecipient receives more than $500,000, collectively, in State General Fund appropriations in its fiscal year from the Department, it must have an audit in accordance with Government Auditing Standards (the Yellow Book) and Generally Accepted Auditing Standards established by the American Institute of Certified Public Accountants. Under federal law and in accordance with Treasury guidance, for-profit subrecipients are not subject to the audit obligations established by 2 C.F.R. Part 200, Subpart F, including those set forth in 2 C.F.R. § 200.501. However, all subrecipients are subject to the terms and conditions of the federal award between the Treasury and the Department and, pursuant to 2 C.F.R. § 200.501(h), the Department has an obligation to ensure compliance by for-profit subrecipients. Under that provision, methods to ensure compliance for federal awards made to for-profit subrecipients may include pre-award audits, monitoring during the agreement, and post-award audits. Nothing contained in this Agreement shall be construed to mean that the Treasury or the Department cannot utilize their auditors regarding audits of federal and Department funds, and the Subrecipient agrees to cooperate with the Treasury and the Department with respect to any audit concerning this Agreement. Audits of this nature shall be planned and carried out in such a way as to avoid duplication or not exceed applicable audit coverage limits. Copies of all required audits must be submitted to the Department and the Alabama Department of Examiners of Public Accounts. Copies may be transmitted by email or traditional mail, at the following addresses: xxxxx@xxxxx.xxxxxxx.xxx Alabama Department of Economic and Community Affairs ATTENTION: Chief Auditor 000 Xxxxx Xxxxxx P.O. Box 5690 Montgomery, AL 36103-5690 xxxxxxx.xxxxxxx@xxxxxxxxx.xxxxxxx.xxx Alabama Department of Examiners of Public Accounts ATTENTION: Audit Report Repository P.O. Box 302251 XxxxxxxxxxMontgomery, AL 36130-2251 2526. AUDIT EXCEPTIONS/UNRESOLVED QUESTIONED COSTS/OUTSTANDING DEBTS: The Subrecipient certifies by signing this Agreement that it does not have any unresolved audit exceptions, unresolved questioned costs, or finding of fiscal inadequacy as a result of project monitoring. It further certifies that no money is owed by the Subrecipient to any division of the Department or to the federal government under any program where it has not arranged a repayment plan.

Part 200. All entities that have a single audit must submit the reporting package and data collection form to the Federal Audit Clearinghouse in accordance with 2 C.F.R. § 200.512. Additionally, if any subrecipient receives more than $500,000, collectively, in State General Fund appropriations in its fiscal year from the Department, it must have an audit in accordance with Government Auditing Standards (the Yellow Book) and Generally Accepted Auditing Standards established by the American Institute of Certified Public Accountants. Under federal law and in accordance with Treasury guidance, for-profit subrecipients are not subject to the audit obligations established by 2 C.F.R. Part 200, Subpart F, including those set forth in 2 C.F.R. § 200.501. However, all subrecipients are subject to the terms and conditions of the federal award between the Treasury and the Department and, pursuant to 2 C.F.R. § 200.501(h), the Department has an obligation to ensure compliance by for-profit subrecipients. Under that provision, methods to ensure compliance for federal awards made to for-profit subrecipients may include pre-award audits, monitoring during the agreement, and post-award audits. Nothing contained in this Agreement shall be construed to mean that the Treasury or the Department cannot utilize their auditors regarding audits of federal and Department funds, and the Subrecipient agrees to cooperate with the Treasury and the Department with respect to any audit concerning this Agreement. Audits of this nature shall be planned and carried out in such a way as to avoid duplication or not exceed applicable audit coverage limits. Copies of all required audits must be submitted to the Department and the Alabama Department of Examiners of Public Accounts. Copies may be transmitted by email or traditional mail, at the following addresses: xxxxx@xxxxx.xxxxxxx.xxx Alabama Department of Economic and Community Affairs ATTENTION: Chief Auditor 000 Xxxxx Xxxxxx P.O. Box 5690 Montgomery, AL 36103-5690 xxxxxxx.xxxxxxx@xxxxxxxxx.xxxxxxx.xxx Alabama Department of Examiners of Public Accounts ATTENTION: Audit Report Repository P.O. Box 302251 Xxxxxxxxxx, AL 36130-2251 2526. AUDIT EXCEPTIONS/UNRESOLVED QUESTIONED COSTS/OUTSTANDING DEBTS: The Subrecipient certifies by signing this Agreement that it does not have any unresolved audit exceptions, unresolved questioned costs, or finding of fiscal inadequacy as a result of project monitoring. It further certifies that no money is owed by the Subrecipient to any division of the Department or to the federal government under any program where it has not arranged a repayment plan.