Subrecipient Audit Requirements. (1) A Subrecipient that expends $500,000 or more in federal funds is required to have an audit In compliance with OMB Circular A-133. The Subrecipient is responsible for submitting a data collection form and reporting package to the federal clearinghouse within nine months of the end of the audit period. The reporting package must also be submitted to the Recipient. Per Section .505 of the OMB Circular A-133, the reporting package consists of:
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