Single Audit Clause Sample Clauses

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.
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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.
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Single Audit Clause. 27 A. If CONTRACTOR expends Seven Hundred Fifty Thousand Dollars ($750,000) 28 or more Federal and Federal flow-through monies, CONTRACTOR agrees to conduct an annual audit 1 in accordance with the requirements of the Single Audit Standards as set forth in Office of 2 Management and Budget (OMB) Title 2 of the Code of Federal Regulations, Chapter II, Part 200. 3 CONTRACTOR shall submit said audit and management letter to COUNTY. The audit must include a 4 statement of findings or a statement that there were no findings. If there were negative findings, 5 CONTRACTOR must include a corrective action plan signed by an authorized individual. 6 CONTRACTOR agrees to take action to correct any material non-compliance or weakness found as a 7 result of such audit. Such audit shall be delivered to COUNTY’S Department of Public Health 8 Administration for review within nine (9) months of the end of any fiscal year in which funds were 9 expended and/or received for the program. Failure to perform the requisite audit functions as required 10 by this Agreement may result in COUNTY performing the necessary audit tasks, or at the COUNTY’S 11 option, contracting with a public accountant to perform said audit, or, may result in the inability of 12 COUNTY to enter into future agreements with the CONTRACTOR.
Sample 1
Single Audit Clause. If Subrecipient expends Seven Hundred Fifty Thousand 4 Dollars ($750,000) or more in Federal and Federal flow-through monies annually, Subrecipient 5 agrees to conduct an annual audit in accordance with the requirements of the Single Audit 6 Standards as set forth in Office of Management and Budget (OMB) Title 2 of the Code of 7 Federal Regulations Part 200. Subrecipient shall submit said audit and management letter to 8 County. The audit must include a statement of findings or a statement that there were no
Sample 1
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.
Sample 1
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.
Sample 1

Related to Single Audit Clause

  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • Separability Clause In case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby.

  • Severability Clause Any part, provision, representation or warranty of this Agreement which is prohibited or which is held to be void or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof. Any part, provision, representation or warranty of this Agreement which is prohibited or unenforceable or is held to be void or unenforceable in any jurisdiction shall be ineffective, as to such jurisdiction, to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction as to any Mortgage Loan shall not invalidate or render unenforceable such provision in any other jurisdiction. To the extent permitted by applicable law, the parties hereto waive any provision of law which prohibits or renders void or unenforceable any provision hereof. If the invalidity of any part, provision, representation or warranty of this Agreement shall deprive any party of the economic benefit intended to be conferred by this Agreement, the parties shall negotiate, in good-faith, to develop a structure the economic effect of which is as close as possible to the economic effect of this Agreement without regard to such invalidity.

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