Examples of Exemption Notice in a sentence
Failure to submit the Audit Exemption Notice, when required, may result in withholding payment from Department to Grantee an amount equal to one percent of the audit year’s grant funding until the Audit Exemption Notice is received.
Grantees must submit to the Department either a Single Audit, Financial Related Audit, or Audit Exemption Notice as described below.
The required audit and any other required submissions (i.e. Corrective Action Plan and management letter with a response), or Audit Exemption Notice must be submitted to the Department within nine months after the end of the Contractor’s fiscal year by e-mail to the Department at MDHHS- XxxxxXxxxxxx@xxxxxxxx.xxx.
The template Audit Exemption Notice and further instructions are available at xxxx://xxx.xxxxxxxx.xxx/mdhhs by selecting Inside MDHHS menu, then MDHHS Audit, then Audit Reporting.
Contractors exempt from the Single Audit and Financial Statement Audit requirements (1 and 2 above) must submit an Audit Exemption Notice that certifies these exemptions.