Common use of Financial Statement Audit Clause in Contracts

Financial Statement Audit. If, during its fiscal year, Grantee expends less than the threshold amount as set out in 2 CFR 200.501(a) in federal pass-through funds from State-issued Awards, Grantee must follow all of the audit requirements in Paragraphs 12.3(c)(i)-(v), above.

Appears in 7 contracts

Sources: Grant Agreement, Grant Agreement, Grant Agreement

Financial Statement Audit. If, during its fiscal year, Grantee expends less than the threshold amount as set out in 2 CFR 200.501(a) 200.501(a)$1,000,000 in federal pass-through funds from State-issued Awards, Grantee must follow all of the audit requirements in Paragraphs 12.3(c)(i)-(v), above.

Appears in 1 contract

Sources: Grant Agreement

Financial Statement Audit. If, during its fiscal year, Grantee expends less than the $750,000the threshold amount as set out in 2 CFR 200.501(a) in federal pass-through funds from State-issued Awards, Grantee must follow all of the audit requirements in Paragraphs 12.3(c)(i)-(v), above.

Appears in 1 contract

Sources: Grant Agreement