Common use of Single Audit Requirements Clause in Contracts

Single Audit Requirements. Recipients and subrecipients that expend more than $750,000 in Federal awards during their fiscal year will be subject to an audit under the Single Audit Act and its implementing regulation at 2 CFR Part 200, Subpart F regarding audit requirements. The primary goal of City is to improve the lives of those served, alleviate crisis situations, stabilize individuals or families utilizing the services, and improve the overall health and safety of targeted neighborhoods.

Appears in 4 contracts

Sources: Sub Recipient Agreement, Subrecipient Agreement, Subrecipient Agreement