Non-profit Contractor. If CONTRACTOR is a non-profit organization, CONTRACTOR shall comply with standards and guidelines provided in 45 C.F.R., Part 74, in procuring all supplies, equipment, construction and services pursuant to, and/or utilizing funds provided by, this CONTRACT.
Non-profit Contractor. If Contractor is a non-profit organization, Contractor shall comply with standards and guidelines provided in 45 C.F.R., Part 74, in procuring all supplies, equipment, construction and services pursuant to, and/or utilizing funds provided by, this Contract.
Non-profit Contractor. Reserved.
Non-profit Contractor. The Contractor agrees to comply with the provisions of the Official Code of Georgia Annotated (OCGA), Sections 50-20-2 through 50-20-8, as applicable. In accordance with this, the Contractor shall submit to GOSA and the state auditor, any reporting packages or financial statements required by these code sections within 180 days after the close of the Contractor's fiscal year, unless waived by the state auditor. The non-profit Contractor understands the auditing and reporting requirements as set forth in Title 50, Chapter 20 of the Official Code of Georgia. Nonprofits that expend $300,000 or more in Federal funds during their fiscal year agree to have a single entity-wide audit conducted for that year in accordance with the provisions of the Single Audit Act Amendments of 1996 (Public Law 104-156) and their implementing regulation, OMB Circular A-133 entitled, “Audits of States, Local Governments, and Nonprofit Organizations”. Nonprofits expending $100,000 or more in State funds during their fiscal year agree to have an entity-wide audit conducted for that year in accordance with Generally Accepted Auditing Standards issued by the American Institute of Certified Public Accountants. Nonprofits expending at least $25,000 but less than $100,000 in State funds during their fiscal year agree to prepare unaudited entity-wide financial statements for that year. The president or person responsible for financial statements must make assertions concerning the basis of financial statement preparation as described in O.C.G.A Section 50-20-3. The financial statement reporting package shall include a “Schedule of State Awards Expended” which reflects revenues, expenditures, and amounts owed to or due from each state organization by state program and contract number. Amounts listed for each program should include state or federal funds, or both, which pass through state organizations to the nonprofit organization. The nonprofit organization further agrees to submit the required audit or financial statements to the Georgia Department of Audits and each contracting state organization, within 180 days after the close of the non-profit’s fiscal year. The financial statement reporting packages should be sent to the following addresses: Governor’s Office of Student Achievement 000 Xxxxx Xxxx, Xx. Drive SE 000 Xxxx Xxxxxx Xxxx Xxxxxxx, XX 00000 (000) 000-0000
