Common use of FEDERALLY FUNDED Clause in Contracts

FEDERALLY FUNDED. This part is applicable if Recipient is a State or local government or a non-profit organization as defined in 2 CFR §200.90, §200.64, and §200.70. If a recipient expends $750,000 or more in Federal awards during its fiscal year, the recipient must have a single or program-specific audit conducted in accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements. Exhibit 1 to this form lists the federal resources awarded through the Department of Health by this agreement. In determining the federal awards expended in its fiscal year, the recipient shall consider all sources of federal awards, including federal resources received from the Department of Health. The determination of amounts of federal awards expended should be in accordance with the guidelines established in 2 CFR §§200.502-503. An audit of the recipient conducted by the Auditor General in accordance with the provisions of 2 CFR §200.514 will meet the requirements of this Part. In connection with the audit requirements addressed in Part I, paragraph 1, Recipient shall fulfill the requirements relative to auditee responsibilities as provided in 2 CFR §§ 200.508-.512. If a recipient expends less than $750,000 in Federal awards in its fiscal year, the recipient is not required to have an audit conducted in accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements. If the recipient expends less than $750,000 in federal awards in its fiscal year and elects to have an audit conducted in accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, the cost of the audit must be paid from non-federal resources (i.e., the cost of such an audit must be paid from recipient resources obtained from other than federal entities).

FEDERALLY FUNDED. This part is applicable if Recipient the Provider is a State or local government or a non-profit organization as defined in 2 CFR §200.90OMB Circular A-133, §200.64, and §200.70as revised. If a recipient In the event that the Provider expends $750,000 500,000 or more in Federal awards during in its fiscal year, the recipient Provider must have a single or program-specific audit conducted in accordance with the provisions of 2 CFR 200OMB Circular A-133, Subpart F - Audit Requirementsas revised. Exhibit FSAA EXHIBIT 1 to this form lists Contract indicates the federal Federal resources awarded through the Department of Health by this agreementContract. In determining the federal Federal awards expended in its fiscal year, the recipient Provider shall consider all sources of federal Federal awards, including federal Federal resources received from the Department of HealthDepartment. The determination of amounts of federal Federal awards expended should be in accordance with the guidelines established in 2 CFR §§200.502-503by OMB Circular A-133, as revised. An audit of the recipient Provider conducted by the Auditor General in accordance with the provisions of 2 CFR §200.514 OMB Circular A-133, as revised, will meet the requirements of this Partpart. In connection with the audit requirements addressed in Part I, paragraph 1, Recipient the Provider shall fulfill the requirements relative to auditee responsibilities as provided in 2 CFR §§ 200.508-.512Subpart C. of OMB Circular A-133, as revised. If a recipient the Provider expends less than $750,000 500,000 in Federal awards in its fiscal year, the recipient is not required to have an audit conducted in accordance with the provisions of 2 CFR 200OMB Circular A-133, Subpart F - Audit Requirementsas revised, is not required. If In the recipient event that the Provider expends less than $750,000 500,000 in federal Federal awards in its fiscal year and elects to have an audit conducted in accordance with the provisions of 2 CFR 200OMB Circular A-133, Subpart F - Audit Requirementsas revised, the cost of the audit must be paid from non-federal Federal resources (i.e., the cost of such an audit must be paid from recipient Provider resources obtained from other than federal Federal entities).