Single Audits. All audit reports for single audits done in accordance with Uniform Guidance must contain the following:
A. a schedule of expenditures of federal awards, prepared by the Entity, which must contain all elements required by Uniform Guidance.
B. a report on the schedule of expenditures of federal awards. This report may be combined with other reports as provided by Uniform Guidance and professional standards. This report must comply with applicable professional standards in effect for the fiscal year or years being audited.
C. a report on compliance for each major program and a report on internal control over compliance in accordance with Uniform Guidance. These reports must refer to the separate schedule of findings and questioned costs described in paragraph 12.D. of the contract and must comply with applicable professional standards in effect for the fiscal year or years being audited.
D. a schedule of findings and questioned costs which must include the information required by Uniform Guidance.
E. an Entity-prepared document, separate from the Contractor’s findings, that describes the Entity’s corrective action plan in accordance with Uniform Guidance for each current-year audit finding, if that plan is available at the time the Contractor submits the audit report to the State. This document should be submitted on Entity letterhead and should include a corrective action plan for each finding, regardless whether the finding is identified in accordance with Uniform Guidance or Government Auditing Standards.
Single Audits. For GRANTEES that expend Seven Hundred Fifty Dollars ($750,000) or more of Federal financial assistance in a fiscal year (in aggregate, from all funding sources), in addition to conducting normal financial audit procedures, the GRANTEE's independent public accountant certified to practice in the State of California shall perform tests to ascertain that:
(i) Expenditures submitted for reimbursement are allowable under 2 CFR 200;
(ii) Expenditures are in compliance with the grant agreements between the CITY and GRANTEE; and
(iii) Applicable laws and regulations. Further, the independent public accountant certified to practice in the State of California shall render an opinion as to whether the Expenditures complied with the Single Audit Act of 1984 and Appendix XI to 2 CFR Part 200— Compliance Supplement (previously known as the Circular A-133 Compliance Supplement).
(iv) The single audit must including the following components:
a. Balance Sheet or Statement of Financial Position;
b. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement Activities;
c. Statement of Functional Expenses;
d. Schedule of Expenditures of Federal Awards;
e. Independent Auditor’s Report on the Financial Statement and Schedule of Expenditures of Federal Awards;
f. Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters;
g. Auditor’s Report on Compliance with Requirements Applicable to Major Programs and on Internal Control over Compliance;
h. Schedule of Findings and Questioned Costs;
i. Summary of Schedule of Prior Audit Findings;
j. Corrective Action Plan;
k. Data Collection Form;
Single Audits. In accordance with OMB Circular A-133, which implements the single Audit Act, the recipient hereby agrees to obtain a single audit from an independent auditor if it expends $500,000 or more in total Federal funds in any fiscal year. Within nine months after the end of a recipient’s fiscal year or 30 days after receiving the report from the auditor, the recipient shall submit a copy of the SF-SAC and a Single Audit Report Package. For fiscal periods 2002 to 2007 recipients are to submit hardcopy to the following address: Federal Audit Clearinghouse 0000 Xxxx 00xx Xxxxxx Xxxxxxxxxxxxxx, XX 00000 For fiscal periods 2008 and beyond the recipient MUST submit a copy of the SF-SAC and a Single Audit Report Package, using the Federal Audit Clearinghouse’s Internet Data Entry System. Complete information on how to accomplish the 2008 and beyond Single Audit Submissions is available on the Federal Audit Clearinghouse Web site.
Single Audits. 1.9.2.1. Under the Final Rule, all Non-Federal Entities, as defined in the Final Rule, expending $750,000.00 or more from all federal sources (direct or from pass-through entities) must have a single or program-specific audit conducted for that year in accordance with Subpart F of the Final Rule. The Contractor shall notify the State when expected or actual expenditures of federal assistance from all sources equal or exceed $750,000.00. If the expected or actual expenditures of federal assistance from all sources do not equal or exceed $750,000.00 the Contractor shall provide an attestation to the State that they do not qualify for a Single Audit.
1.9.2.2. Pursuant to the Final Rule §200.512 (a)(1) the Single Audit must be completed and submitted to the Department within the earlier of thirty (30) calendar days after receipt of the auditor's report(s), or nine (9) months after the end of the audit period. If the due date falls on a Saturday, Sunday, or federal holiday, the reporting package is due the next Business Day. DELIVERABLE: Single Audit
Single Audits. All audit reports for single audits done in accordance with OMB Circular A‑133 must also contain the following: A. a schedule of expenditures of federal awards. As required by OMB Circular A-133, the schedule must:
(i) list individual federal programs by federal agency. For federal programs included in a cluster of programs, list individual federal programs within a cluster of programs;
(ii) for federal awards received as a subrecipient, include the name of the pass-through entity and identifying number assigned by the pass-through entity;
(iii) provide total federal awards expended for each individual federal program and the CFDA number or other identifying number when the CFDA information is not available;
(iv) include notes that describe the significant accounting policies used in preparing the schedule;
(v) to the extent practical, for pass-through entities identification in the schedule of the total amount provided to subrecipients from each federal program; and
(vi) in either the schedule or a note to the schedule, the value of the federal awards expended in the form of non-cash assistance, the amount of insurance in effect during the year, and loans or loan guarantees outstanding at year end. While not required, it is preferable to present this information in the schedule.
Single Audits. In accordance with 2 C.F.R. 200.501and the Single Audit Act, the Sub-recipient agrees to obtain a single audit from an independent auditor if it expends $750,000 or more in total federal funds in any fiscal year. Within nine months after the end of a Sub-recipient’s fiscal year or 30 days after receiving the report from the auditor, the Sub-recipient shall submit a copy of the SF-SAC and a Single Audit Report Package. For fiscal periods 2008 and beyond, the Sub- recipient SHALL submit a copy of the SF-SAC and a Single Audit Report Package, using the Federal Audit Clearinghouse’s Internet Data Entry System. Complete information on how to accomplish the 2008 and beyond Single Audit Submissions is available on the Federal Audit Clearinghouse Web site: xxxxx://xxxxxxxxx.xxxxxx.xxx/facweb/.
Single Audits. The LPA shall be subject to the audit requirements contained in the Single Audit Act Amendments of 1996 (31 USC 7501-7507) and Subpart F of 2 CFR Part 200. If, during its fiscal year, LPA expends $750,000 or more in Federal Awards (direct federal and federal pass-through awards combined), LPA must have a single audit or program-specific audit conducted for that year as required by 2 CFR 200.501 and other applicable sections of Subpart F of 2 CFR Part 200. A copy of the audit report must be submitted to the STATE (IDOT's Financial Review & Investigations Section, Room 126, 0000 Xxxxx Xxxxxxx Xxxxxxx, Springfield, Illinois, 62764) within 30 days after the completion of the audit, but no later than one year after the end of the LPA's fiscal year. Assistance Listing number (formally known as the Catalog of Federal Domestic Assistance (CFDA) number) for all highway planning and construction activities is 20.205. Federal funds utilized for construction activities on projects let and awarded by the STATE (federal amounts shown as “Participating Construction” on Schedule 2) are not included in a LPA's calculation of federal funds expended by the LPA for Single Audit purposes.
