Common use of SINGLE AUDIT ACT REQUIREMENTS Clause in Contracts

SINGLE AUDIT ACT REQUIREMENTS. The TGM Program receives FAST Act grant funds through the Catalog of Federal Domestic Assistance (“CFDA”) No. 20.205: Highway Planning and Construction and is subject to the regulations of the U.S. Department of Transportation (“USDOT”). City is a sub-recipient. (1) Subrecipients receiving federal funds in excess of $750,000 in the subrecipient’s fiscal year are subject to audit conducted in accordance with the provisions of 2 CFR part 200, subpart F. The Grantee, if subject to this requirement, shall at its own expense submit to ODOT a copy of, or electronic link to, its annual audit subject to this requirement covering the funds expended under this Agreement and shall submit or cause to be submitted to ODOT the annual audit of any subrecipient(s), contractor(s), or subcontractor(s) of the Grantee responsible for the financial management of funds received under this Agreement. (2) Audit costs for audits not required in accordance with 2 CFR part 200, subpart F are unallowable. If the Grantee did not expend $750,000 or more in Federal funds in its fiscal year, but contracted with a certified public accountant to perform an audit, costs for performance of that audit shall not be charged to the grant received under this Agreement. (3) The Grantee shall save, protect and hold harmless ODOT from the cost of any audits or special investigations performed by the Federal awarding agency or any federal agency with respect to the funds expended under this Agreement. The Grantee acknowledges and agrees that any audit costs incurred by the Grantee as a result of allegations of fraud, waste or abuse are ineligible for reimbursement under this or any other agreement between the Grantee and the State of Oregon. Exhibit E sets out the information required by 2 CFR 200.331(a)(1). Records must be available as provided in Section 5.H. above.

SINGLE AUDIT ACT REQUIREMENTS. The TGM CWSRF Program receives FAST Act grant funds capitalization grants through the Catalog of Federal Domestic Assistance (“CFDA”) No. 20.20566.458: Highway Planning and Construction Capitalization Grants for State Revolving Funds and is subject to the regulations of the U.S. Department of Transportation Environmental Protection Agency (“USDOTEPA”). City Borrower is a sub-recipientsubrecipient. (1a) Subrecipients receiving federal funds in excess of $750,000 in the subrecipient’s fiscal year are subject to audit conducted in accordance with the provisions of 2 CFR part 200, subpart F. The GranteeBorrower, if subject to this requirement, shall at its own expense submit to ODOT DEQ a copy of, or electronic link to, its annual audit subject to this requirement covering the funds expended under this Agreement and shall submit or cause to be submitted to ODOT DEQ the annual audit of any subrecipient(s), contractor(s), or subcontractor(s) of the Grantee Borrower responsible for the financial management of funds received under this Agreement. (2b) Audit costs for audits not required in accordance with 2 CFR part 200, subpart F are unallowable. If the Grantee Borrower did not expend $750,000 or more in Federal funds in its fiscal year, but contracted with a certified public accountant to perform an audit, costs for performance of that audit shall not be charged to the grant funds received under this Agreement. (3c) The Grantee Borrower shall save, protect and hold harmless ODOT DEQ from the cost of any audits or special investigations performed by the Federal awarding agency or any federal agency with respect to the funds expended under this Agreement. The Grantee Borrower acknowledges and agrees that any audit costs incurred by the Grantee Borrower as a result of allegations of fraud, waste or abuse are ineligible for reimbursement under this or any other agreement between the Grantee Borrower and the State of Oregon. Exhibit E sets out the information required by 2 CFR 200.331(a)(1). Records must be available as provided in Section 5.H. above.