Common use of SINGLE AUDIT ACT OF 1984 Clause in Contracts

SINGLE AUDIT ACT OF 1984. All project expenditures are subject to the Single Audit act of 1984 and all relevant Office of Management and Budget (OMB) guidance including 2 CFR 200, Subpart F . Sub-grantees are subject to audit if their share of federal financial assistance is $750,000 or more for a single fiscal year. Federal financial assistance includes reimbursements under this award and all other financial assistance originating from any agency of the federal government during the Sub-grantee’s fiscal year. Sub- grantee will be required annually to report compliance with this requirement. ARS 35-181.03. Sub-grantee must also comply with applicable ARS 35-181.03 provisions for financial and compliance audits. In the event that an audit determines that unallowable costs have been charged to the grant and funds have been disbursed to the Sub-grantee, then the Sub-grantee accepts full liability and must pay back all costs incurred and deemed unallowable. Any audit involving a Federally-funded grant shall provide a copy of the audit report to the Federal Audit Clearinghouse managed by the Census Bureau within 30 days after receipt from auditor or nine months from the close of their fiscal year, whichever is earlier.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

AutoNDA by SimpleDocs

SINGLE AUDIT ACT OF 1984. All project expenditures are subject to the Single Audit act of 1984 and all relevant Office of Management and Budget (OMB) guidance including 2 CFR 200, Subpart F . Sub-grantees are subject to audit if their share of federal financial assistance is $750,000 or more for a single fiscal year. Federal financial assistance includes reimbursements under this award and all other financial assistance originating from any agency of the federal government during the Sub-grantee’s fiscal year. Sub- grantee will be required annually to report compliance with this requirement. ARS 35-181.03. Sub-grantee must also comply with applicable ARS 35-181.03 provisions for financial and compliance audits. In the event that an audit determines that unallowable costs have been charged to the grant and funds have been disbursed to the Sub-grantee, then the Sub-grantee accepts full liability and must pay back all costs incurred and deemed unallowable. Any audit involving a Federally-funded grant shall provide a copy of the audit report to the Federal Audit Clearinghouse managed by the Census Bureau within 30 days after receipt from auditor or nine months from the close of their the sub-grantee’s fiscal year, whichever is earlier.

Appears in 2 contracts

Samples: Grant Agreement, Grant Agreement

SINGLE AUDIT ACT OF 1984. All project expenditures are subject to the Single Audit act of 1984 and all relevant Office of Management and Budget (OMB) guidance including 2 CFR 200, Subpart F . F. Sub-grantees are subject to audit if their share of federal financial assistance is $750,000 or more for a single fiscal year. Federal financial assistance includes reimbursements under this award and all other financial assistance originating from any agency of the federal government during the Sub-grantee’s fiscal year. Sub- grantee will be required annually to report compliance with this requirement. ARS 35-181.03. Sub-grantee must also comply with applicable ARS 35-181.03 provisions for financial and compliance audits. In the event that an audit determines that unallowable costs have been charged to the grant and funds have been disbursed to the Sub-grantee, then the Sub-grantee accepts full liability and must pay back all costs incurred and deemed unallowable. Any audit involving a Federally-funded grant shall provide a copy of the audit report to the Federal Audit Clearinghouse managed by the Census Bureau within 30 days after receipt from auditor or nine months from the close of their the sub-grantee’s fiscal year, whichever is earlier.

Appears in 1 contract

Samples: Enhancement and Engagement

SINGLE AUDIT ACT OF 1984. All project expenditures are subject to the Single Audit act of 1984 and all relevant Office of Management and Budget (OMB) guidance Circulars including 2 CFR 200, Subpart F XXX Xxxxxxxx X-000 . SubXxx-grantees xxxxxxxx are subject to audit if their share of federal financial assistance is $750,000 500,000 or more for a single fiscal year. Federal financial assistance includes reimbursements under this award and all other financial assistance originating from any agency of the federal government during the Sub-grantee’s fiscal year. Sub- grantee will be required annually to report compliance with this requirement. ARS 35-181.03. Sub-grantee must also comply with applicable ARS 35-181.03 provisions for financial and compliance audits. In the event that an audit determines that unallowable costs have been charged to the grant and funds have been disbursed to the Sub-grantee, then the Sub-grantee accepts full liability and must pay back all costs incurred and deemed unallowable. Any audit involving a Federally-funded grant shall provide a copy of the audit report to the Federal Audit Clearinghouse managed by the Census Bureau within 30 days after receipt from auditor or nine months from the close of their fiscal year, whichever is earlier.

Appears in 1 contract

Samples: Grant Agreement

AutoNDA by SimpleDocs

SINGLE AUDIT ACT OF 1984. All project expenditures are subject to the Single Audit act of 1984 and all relevant Office of Management and Budget (OMB) guidance Circulars including 2 CFR 200, Subpart F XXX Xxxxxxxx X-000 . SubXxx-grantees xxxxxxxx are subject to audit if their share of federal financial assistance is $750,000 500,000 or more for a single fiscal year. Federal financial assistance includes reimbursements under this award and all other financial assistance originating from any agency of the federal government during the Sub-grantee’s fiscal year. Sub- Sub-grantee will be required annually to report compliance with this requirement. ARS 35-181.03. Sub-grantee must also comply with applicable ARS 35-181.03 provisions for financial and compliance audits. In the event that an audit determines that unallowable costs have been charged to the grant and funds have been disbursed to the Sub-grantee, then the Sub-grantee accepts full liability and must pay back all costs incurred and deemed unallowable. Any audit involving a Federally-Federally- funded grant shall provide a copy of the audit report to the Federal Audit Clearinghouse managed by the Census Bureau within 30 days after receipt from auditor or nine months from the close of their fiscal year, whichever is earlier.

Appears in 1 contract

Samples: Grant Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.