Auditing Requirements. 1. Grantee shall provide an independent financial compliance audit of funds received from TJJD under the Contract each fiscal year. The audit shall cover the State Aid Formula Fund Grant and all targeted grant(s) received by Grantee for the prior fiscal year. 2. TJJD may waive this requirement by written notification to Grantee. 3. The audit shall be prepared in accordance with generally accepted auditing standards, governmental auditing standards, and TJJD’s audit requirements, which will be sent under separate cover by September 30 of each year. 4. Grantee shall submit to TJJD, in a format prescribed by ▇▇▇▇, a given fiscal year's audit no later than March 1 of the subsequent year.
Appears in 2 contracts
Sources: State Aid and Targeted Grants Contract, State Aid and Targeted Grants Contract