Single Audit Clause. All state and local governments and non-profit organizations receiving more than $500,000 from all funding sources, that are defined as federal financial assistance for single audit purposes, shall comply with the audit requirements of OMB Circular A-128 (Audits of State and Local Governments) or A-133 (Audits of Institutions of Higher Education and Other Non-profit Organizations), which ever applies.
Single Audit Clause. 27 As a subrecipient of Federal financial assistance, CONTRACTOR, agrees to provide a 1 copy of its audit report, performed in accordance with the requirements of the Single Audit Act of 2 1984 (31 USC section 7502) and subject to the terms of Office of Management and Budget (OMB) 3 Circulars (X-000, X-000 and A-133), to the County of Fresno. Such audit shall be delivered to 4 COUNTY’s Department of Social Services, for review not later than nine (9) months after the close 5 of the subrecipient’s fiscal year in which the funds supplied through this Agreement are expended 6 and/or received for this program. The audit must include a statement of findings or a statement that 7 there were no findings. If there were negative findings, CONTRACTOR must include a corrective 8 action plan signed by an authorized individual. Failure to comply with this Act may result in 9 COUNTY performing the necessary audit tasks, or, at COUNTY’s option, contracting with a 10 qualified accountant to perform this audit. All audit costs related to this Agreement are the sole 11 responsibility of CONTRACTOR who agrees to take corrective action to eliminate any material 12 noncompliance or weakness found as a result of such audit. Audit work performed by COUNTY 13 under this paragraph shall be billed at COUNTY cost as determined by COUNTY’s Auditor- 14 Controller/Treasurer-Tax Collector.
Single Audit Clause. 7 If SUBRECIPIENT expends Seven Hundred Fifty Thousand Dollars ($750,000) or more 8 in Federal and Federal flow-through monies annually, SUBRECIPIENT agrees to conduct an annual 9 audit in accordance with the requirements of the Single Audit Standards as set forth in Office of 10 Management and Budget (OMB) Title 2 of the Code of Federal Regulations Part 200. SUBRECIPIENT 11 shall submit said audit and management letter to COUNTY. The audit must include a statement of 12 findings or a statement that there were no findings. If there were negative findings, SUBRECIPIENT 13 must include a corrective action signed by an authorized individual. SUBRECIPIENT agrees to take 14 action to correct any material non-compliance or weakness found as a result of such audit. Such audit 15 shall be delivered to COUNTY’s DSS, Administration, for review within nine (9) months of the end of any 16 fiscal year in which funds were expended and/or received for the program. Failure to perform the 17 requisite audit functions as required by this Agreement may result in COUNTY performing the necessary 18 audit tasks, or at COUNTY’s option, contracting with a public accountant to perform said audit, or may 19 result in the inability of COUNTY to enter into future agreements with SUBRECIPIENT. All audit costs 20 related to this Agreement are the sole responsibility of SUBRECIPIENT.
Single Audit Clause. 21 A. If CONTRACTOR expends Seven Hundred Fifty Thousand and No/100 Dollars 22 ($750,000.00) or more in Federal and Federal flow-through monies, CONTRACTOR agrees to conduct 24 of Management and Budget (OMB) 2 CFR 200. CONTRACTOR shall submit said audit and 26 there were no findings. If there were negative findings, CONTRACTOR must include a corrective 27 action plan signed by an authorized individual. CONTRACTOR agrees to take action to correct any 28 material non-compliance or weakness found as a result of such audit. Such audit shall be delivered to 1 COUNTY’s DBH Business Office, for review within nine (9) months of the end of any fiscal year in 2 which funds were expended and/or received for the program. Failure to perform the requisite audit 3 functions as required by this Agreement may result in COUNTY performing the necessary audit tasks, 4 or at COUNTY’s option, contracting with a public accountant to perform said audit, or, may result in the 5 inability of COUNTY to enter into future agreements with CONTRACTOR. All audit costs related to this 6 Agreement are the sole responsibility of CONTRACTOR.
Single Audit Clause. As a subrecipient of Federal financial assistance, CONTRACTOR, agrees to provide a copy of its audit report, performed in accordance with the requirements of the Single Audit Act of 1984 (31 USC section 7502) and subject to the terms of Office of Management and Budget (OMB) Circulars (X-000, X-000 and A-133), to the County of Fresno. Such audit shall be delivered to COUNTY’s Department of Social Services, for review not later than nine (9) months after the close of the subrecipient’s fiscal year in which the funds supplied through this Agreement are expended and/or received for this program. The audit must include a statement of findings or a statement that there were no findings. If there were negative findings, CONTRACTOR must include a corrective action plan signed by an authorized individual. Failure to comply with this Act may result in COUNTY performing the necessary audit tasks, or, at COUNTY’s option, contracting with a qualified accountant to perform this audit. All audit costs related to this Agreement are the sole responsibility of CONTRACTOR who agrees to take corrective action to eliminate any material noncompliance or weakness found as a result of such audit. Audit work performed by COUNTY under this paragraph shall be billed at COUNTY cost as determined by COUNTY’s Auditor-Controller/Treasurer-Tax Collector.
