Common use of State Funds Clause in Contracts

State Funds. Corporations both for-profit and non-profit, and governmental entities that receive $50,000 or more in a year in State funds from DRS shall have a certified independent audit of its operations conducted in accordance with Government Auditing Standards. The financial statements shall be prepared in accordance with Generally Accepted Accounting Principles, and the report shall include a supplementary schedule of awards listing all state and federal funds by funding source.

Appears in 20 contracts

Samples: Supported Employment Services, Employment Support Services, Rehabilitation Services

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