Common use of FEDERALLY FUNDED Clause in Contracts

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

FEDERALLY FUNDED. This part is applicable if the Provider Recipient is a State or local government or a non-profit organization as defined in OMB Circular A-1332 CFR §200.90, as revised§200.64, and §200.70. In the event that the Provider If a recipient expends $500,000 750,000 or more in Federal awards in during its fiscal year, the Provider recipient must have a single or program-specific audit conducted in accordance with the provisions of OMB Circular A-1332 CFR 200, as revisedSubpart F - Audit Requirements. FSAA EXHIBIT Exhibit 1 to this Contract indicates form lists the Federal federal resources awarded through the Department of Health by this Contractagreement. In determining the Federal federal awards expended in its fiscal year, the Provider recipient shall consider all sources of Federal federal awards, including Federal federal resources received from the DepartmentDepartment of Health. The determination of amounts of Federal federal awards expended should be in accordance with the guidelines established by OMB Circular A-133, as revisedin 2 CFR §§200.502-503. An audit of the Provider recipient conducted by the Auditor General in accordance with the provisions of OMB Circular A-133, as revised, 2 CFR §200.514 will meet the requirements of this partPart. In connection with the audit requirements addressed in Part I, paragraph 1, the Provider Recipient shall fulfill the requirements relative to auditee responsibilities as provided in Subpart C. of OMB Circular A-133, as revised2 CFR §§ 200.508-.512. If the Provider a recipient expends less than $500,000 750,000 in Federal awards in its fiscal year, the recipient is not required to have an audit conducted in accordance with the provisions of OMB Circular A-1332 CFR 200, as revised, is not requiredSubpart F - Audit Requirements. In If the event that the Provider recipient expends less than $500,000 750,000 in Federal federal awards in its fiscal year and elects to have an audit conducted in accordance with the provisions of OMB Circular A-1332 CFR 200, as revisedSubpart F - Audit Requirements, 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 Provider recipient resources obtained from other than Federal federal entities).