Common use of Single Audit Report Clause in Contracts

Single Audit Report. 20.1. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐502, ensuring that the single audit report includes the coverage stipulated in 2 CFR Part 200. 20.2. If threshold expenditures of $750,000 or more are met during the fiscal year, the Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Compliance Division, 000 Xxxx 00xx Xxxxxx, Xxxxxx, XX 00000 or contact TxDOT’s Compliance Division at xxxxxxxxxxxx@xxxxx.xxx. If expenditures are less than the threshold during Local Government's fiscal year, Local Government must submit a statement to TxDOT's Compliance Division as follows: We did not meet the $ expenditure threshold and therefore, are not required to have a single audit performed for FY . 20.3. For each year Project remains open for federal funding expenditures, Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the agreement, unless otherwise amended or Project has been formally closed out and no charges have been incurred within the current fiscal year.

Single Audit Report. 20.1. If federal funds are used: A. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐502, ensuring that the single audit report includes the coverage requirements stipulated in 2 CFR Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. 20.2. B. If threshold expenditures of $750,000 or more are met during the fiscal year, the Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Compliance Division, 000 Xxxx 00xx Xxxxxx, Xxxxxx, XX 00000 or contact TxDOT’s Compliance Division by email at xxxxxxxxxxxx@xxxxx.xxx. . C. If expenditures are less than the threshold during the Local Government's fiscal year, the Local Government must submit a statement to TxDOT's Compliance Division as follows: "We did not meet the $ expenditure threshold and therefore, are not required to have a single audit performed for FY ." 20.3. D. For each year the Project remains open for federal funding expenditures, the Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the agreementAgreement, unless otherwise amended or the Project has been formally closed out and no charges have been incurred within the current fiscal year.

Single Audit Report. 20.1. A. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐50298- 502, ensuring that the single audit report includes the coverage stipulated in 2 CFR Part 200. 20.2. B. If threshold expenditures of $750,000 or more are met during the fiscal year, the Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Compliance Division, 000 Xxxx 00xx Xxxxxx, Xxxxxx, XX 00000 or contact TxDOT’s Compliance Division at xxxxxxxxxxxx@xxxxx.xxx. . C. If expenditures are less than the threshold during the Local Government's fiscal year, the Local Government must submit a statement to TxDOT's Compliance Division as follows: "We did not meet the $ expenditure threshold and therefore, are not required to have a single audit performed for FY ." 20.3. D. For each year Project the project remains open for federal funding expenditures, the Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the agreement, unless otherwise amended or Project the project has been formally closed out and no charges have been incurred within the current fiscal year.

Single Audit Report. 20.1. A. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐50298- 502, ensuring that the single audit report includes the coverage stipulated in 2 CFR Part 200. 20.2. B. If threshold expenditures of $750,000 or more are met during the fiscal year, the Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Compliance Division, 000 Xxxx 00xx Xxxxxx, Xxxxxx, XX 00000 or contact TxDOT’s Compliance Division at xxxxxxxxxxxx@xxxxx.xxx. xxxxxxxxxxxx@xxxxx.xxx . C. If expenditures are less than the threshold during Local Government's fiscal year, Local Government must submit a statement to TxDOT's Compliance Division as follows: We did not meet the $ expenditure threshold and therefore, are not required to have a single audit performed for FY .. DRAFT 20.3. D. For each year Project remains open for federal funding expenditures, Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the agreement, unless otherwise amended or Project has been formally closed out and no charges have been incurred within the current fiscal year.