OMB AUDIT. If the City expend(s) seven hundred fifty thousand dollars ($750,000) or more in a year in federal financial assistance it is required to have an independent annual audit conducted in accordance with 2 CFR Part 200. A copy of the audit report shall be submitted to MoDOT within the earlier of thirty (30) days after receipt of the auditor's report(s), or nine (9) months after the end of the audit period. Subject to the requirements of 2 CFR Part 200, if the City expend(s) less than seven hundred fifty thousand dollars ($750,000) a year, the City may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.
Appears in 3 contracts
Sources: Federal Funding Agreement, Transportation Alternatives Funds Program Agreement, Transportation Alternatives Program Agreement
OMB AUDIT. If the City expend(s) seven five hundred fifty thousand dollars ($750,000500,000) or more in a year in federal financial finance assistance it is required to have an independent annual audit conducted in accordance with 2 CFR Part 200OMB Circular A-133. A copy of the audit report shall be submitted to MoDOT the Missouri Department of Transportation (MoDOT) within the earlier of thirty (30) days after receipt of the auditor's report(s), or nine (9) months after the end issuance of the audit periodreport. Subject to the requirements of 2 CFR Part 200OMB Circular A-133, if the City expend(s) less than seven five hundred fifty thousand thousands dollars ($750,000500,000) a year, the City may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.
Appears in 3 contracts
Sources: Transportation and Community and System Preservation Program Agreement, Transportation and Community and System Preservation Program Agreement, Federal Aid Program Agreement
OMB AUDIT. If the City (City/County) expend(s) seven hundred fifty thousand dollars ($750,000) or more in a year in federal financial assistance it is required to have an independent annual audit conducted in accordance with 2 CFR Part 200. A copy of the audit report shall be submitted to MoDOT within the earlier of thirty (30) days after receipt of the auditor's report(s), or nine (9) months after the end of the audit period. Subject to the requirements of 2 CFR Part 200, if the City (City/County) expend(s) less than seven hundred fifty thousand dollars ($750,000) a year, the City (City/County) may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.
Appears in 2 contracts
Sources: Off System Bridge Program Agreement, Off System Bridge Program Agreement