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OMB Uniform Guidance
Key Impacts on CNCS Grantees
5 - Audit Requirements
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Dear Colleagues,
This
is the fifth in a series of messages concerning the Uniform Guidance (2 CFR Part
200) and
what it means to CNCS grantees. The regulation section number denotes where
in the Uniform Guidance you can find the rule.
§200.501.
Audit Requirements - Raises the single audit threshold from $500,000 to
$750,000. Now, a non-Federal entity that expends $750,000 or more during the
non-Federal entity's fiscal year in Federal awards must have a single or
program-specific audit conducted for that year. Some non-federal entities that
were required to conduct an A-133 audit in the past will no longer be required
to do so.
Why
is this important?
CNCS will
be focused on ensuring that grantees have used the proper threshold for
determining whether a single audit is required. If single audits are
required, failing to perform them timely may result in a hold being placed on
grant funds or denial of funding.
What
You Should Do:
All grantees should obtain audit training which will include determining when
a single audit is required . Further, non-federal entities falling
below the $750,000 threshold will be monitored under CNCS’s standard
operating procedures.
Grantees
should ensure that their organization has taken the necessary steps to follow
the audit requirements in subpart F of the Uniform Guidance. Adherence to these
requirements is important to be in compliance and to satisfy any future audits
or monitoring reviews.
Do
not send documentation to CNCS. When conducting grant oversight, CNCS
staff will request specific documents and records when necessary.
If
you have concerns or questions regarding appropriate requirements for audit
requirements, please send them to blewis@cns.gov. Your feedback and
questions will guide us to develop additional information and assistance.
In Service,
Dana Bourne, Chief Grants Officer Corporation for National and Community Service Grant Offices Washington, DC and Philadelphia, Pennsylvania
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