Single Audit Compliance Sample Clauses

Single Audit Compliance. Funds will not be disbursed to any Subrecipient identified by the State Controller's Office (SCO) as non-compliant with the Federal Single Audit Act, as described in the Uniform Administrative Requirements, Cost Principles, And Audit Requirements for Federal Awards at 2 CFR 200 Sub-Part F. No funds may be disbursed until compliance with the Uniform Guidance is demonstrated to the satisfaction of the Department.
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Single Audit Compliance. If the Contractor is a subrecipient and expends $750,000 or more in federal awards from any and/or all sources in any fiscal year, the Contractor shall procure and pay for a single audit or a program-specific audit for that fiscal year. Upon completion of each audit, the Contractor shall: i. Submit to the HCA contact person the data collection form and reporting package specified in 45 CFR Part 75, Subpart F, Audit Requirements reports required by the program-specific audit guide (if applicable), and a copy of any management letters issued by the auditor. ii. Follow-up and develop corrective action for all audit findings; in accordance with 45 CFR Part 75, Subpart F, Audit Requirements, including preparing a “Summary Schedule of Prior Audit Findings.”
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Single Audit Compliance. If the Contractor is a subrecipient and expends $750,000 or more in federal awards from any and/or all sources in any fiscal year, the Contractor shall procure and pay for a single audit or a program-specific audit for that fiscal year. Upon completion of each audit, the Contractor shall: i. Submit to the HCA contact person the data collection form and reporting package specified in OMB Circular A-133, reports required by the program-specific audit guide (if applicable), and a copy of any management letters issued by the auditor. ii. Follow-up and develop corrective action for all audit findings; in accordance with OMB Circular A-133 including prepare a “Summary Schedule of Prior Audit Findings.”
Sample 1
Single Audit Compliance. Lower-Tiered Recipient will be in compliance with the Federal Single Audit Act (31 USC §§ 7501-7507), as described in the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 Sub-Part F.
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Single Audit Compliance. Government Auditing Standards – Yellow Book 2022 Governmental Accounting Conference 2022 School District Conference
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Single Audit Compliance. Government Auditing Standards – Yellow Book
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Single Audit Compliance. Activities • Evaluate grant risk areas, identify important County priorities, and implement controls • Continually conduct internal compliance reviews of all COVID-19 related projects, to include compliance pre-audits, OIG audit support, “look back” audits, and audits related to the County’s Comprehensive Annual Financial Report, as requested • Assist in establishing a fraud/waste/abuse program including establishing internal, financial, and audit controls, developing a hotline, and training to staff and vendors Deliverables • Risk Analysis • Compliance Plan • Periodic compliance and monitoring • Fraud/waste/abuse program Activities: • Continue to capture actual/projected costs known to be eligible through the CARES Act, FEMA PA, HUD CDBG and other potential federal funding sources via the tool • Coordinate with identified personnel from County departments on errors in data submissions • Collaborate with identified personnel from the Bureau of Finance (or other designated departments) on document collection to sufficiently complete COVID-19 documentation needed for reimbursement via the expense tool • Categorize COVID-19 claims based on documentation requirements and follow up with personnel from all the necessary departments to collect and disseminate any necessary data/documents. • Monitor the progression of all grant submissions through the applicable processing lifecycle and continue to manage grant prioritization in coordination with the County. Deliverables: • Assistance with expense reconciliation and document preparation • Assistance on appeals documentation if funding is denied by the funding agency Key activities: • Attend briefing meetings to discuss key program developments with County stakeholders Deliverables: • Coordination and communication plan Key activities: • Prepare reports/documentation related to potential Federal/State/Other grant requirements • Assist in developing Federal/State/Other funding system reporting requirements Deliverables: • Reporting dashboards for transparency, reconciliation and status tracking Task 2: Subgrantee Management Guidehouse will provide support to the County in developing a program to manage subgrantees as a part of the COVID-19 response.
Sample 1
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Single Audit Compliance. If the Subrecipient is a sub recipient and expends Seven Hundred Fifty Thousand Dollars ($750,000.00) or more in federal awards from all sources in any fiscal year, the Subrecipient shall procure and pay for a single audit or a program-specific audit for that fiscal year, Exhibit F attached hereto and incorporated herein by reference. Upon completion of each audit, the Subrecipient shall: 7.2.1. Submit its audit report, including any “Management Letter” and/or all other correspondences referred to in the audit report, along with the Subrecipient’s response to the audit and corrective action plan, if any, no later than six (6) months after the end of the Subrecipient’s fiscal year. The Subrecipient hereby consents to HCD review of the independent auditor’s working papers, upon request by HCD; 7.2.2. Submit to the HCD contact person, listed on the cover page of this Agreement, the data collection form and reporting package specified in 2 CFR Part 200, Subpart F, reports required by the program-specific audit guide (if applicable), and a copy of any management letters issued by the auditor; and 7.2.3. Follow-up and develop corrective action for all audit findings in accordance with 2 CFR Part 200, Subpart F, and prepare a “Summary Schedule of Prior Audit Findings,” reporting the status of all audit findings included in the prior audit schedule of findings and questioned costs.
Sample 1

Related to Single Audit Compliance

  • Single Audit Act Compliance If the Contractor is a subrecipient and expends $750,000 or more in federal awards from any and/or all sources in any fiscal year, the Contractor shall procure and pay for a single audit or a program-specific audit for that fiscal year. Upon completion of each audit, the Contractor shall: (1) Submit to the DSHS contact person the data collection form and reporting package specified in 2 CFR Part 200, Subpart F, reports required by the program-specific audit guide (if applicable), and a copy of any management letters issued by the auditor; (2) Follow-up and develop corrective action for all audit findings; in accordance with 2 CFR Part 200, Subpart F; prepare a “Summary Schedule of Prior Audit Findings” reporting the status of all audit findings included in the prior audit's schedule of findings and questioned costs.

  • REIT Compliance The Company is organized in a manner that conforms with the requirements for qualification as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”), and the Company’s intended method of operation, as set forth in the Prospectus, would enable it to meet the requirements for taxation as a REIT under the Code. The Operating Partnership will be treated as a partnership for federal income tax purposes and not as a corporation or association taxable as a corporation.

  • Single Audit Requirements 11.1. If a Subrecipient expends $750,000 or more in Federal Awards during the Subrecipient’s fiscal year, the Subrecipient shall procure or arrange for a single or program-specific audit conducted for that year in accordance with the provisions of Subpart F-Audit Requirements of the Uniform Guidance, issued pursuant to the Single Audit Act Amendments of 1996, (31 U.S.C. 7501-7507). 2 CFR 200.501.

  • Compliance Audit LEA shall have the right but shall be under no obligation to conduct audit(s), from time to time, of Provider’s records concerning its compliance obligations as set forth in this Article V. Provider shall make such records and other documents available to LEA upon request.

  • GAAP Compliance Contractor maintains an adequate system of accounting and internal controls that meets Generally Accepted Accounting Principles.

  • Monitoring Compliance Upon the request of the Lender, but without incurring any liability beyond the Guaranteed Obligations, from time to time, Guarantor shall promptly provide to the Lender such documents, certificates and other information as may be deemed reasonably necessary to enable the Lender to perform its functions under the Servicing Agreement as the same relates to the Guarantor.

  • CEQA Compliance The District has complied with all assessment requirements imposed upon it by the California Environmental Quality Act (Public Resource Code Section 21000 et seq. (“CEQA”) in connection with the Project, and no further environmental review of the Project is necessary pursuant to CEQA before the construction of the Project may commence.

  • Tax Law Compliance The Company and its subsidiaries have filed all necessary federal, state and foreign income and franchise tax returns or have properly requested extensions thereof and have paid all taxes required to be paid by any of them and, if due and payable, any related or similar assessment, fine or penalty levied against any of them except as may be being contested in good faith and by appropriate proceedings. The Company has made adequate charges, accruals and reserves in the applicable financial statements referred to in Section 1(j) above in respect of all federal, state and foreign income and franchise taxes for all periods as to which the tax liability of the Company or any of its subsidiaries has not been finally determined.

  • FERPA Compliance In connection with all FERPA Records that Contractor may create, receive or maintain on behalf of University pursuant to the Underlying Agreement, Contractor is designated as a University Official with a legitimate educational interest in and with respect to such FERPA Records, only to the extent to which Contractor (a) is required to create, receive or maintain FERPA Records to carry out the Underlying Agreement, and (b) understands and agrees to all of the following terms and conditions without reservation:

  • Single Audit Act These funds are considered to be federal financial assistance subject to the Single Audit Act (31 U.S.C. §§ 7501-7507) and the related provisions of the Uniform Guidance. The Grantee shall conduct a single or program-specific audit in accordance with the provisions of 2 C.F.R. Part 200 and the related provisions of the Uniform Guidance, if it expends more than $750,000 or more in Federal awards from all sources during its fiscal year. The Catalog of Federal Domestic Assistance (CFDA) number for these funds is 21.019.

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