Single Audit or Program Sample Clauses

Single Audit or Program. Specific Audit A. If Subrecipient receives more than $750,000 in federal funds during its fiscal year, Subrecipient must comply with the Comptroller General of the United States, 2 CFR Part 200 Subpart F - § 200.501 and the Single Audit Act of 1984 (P.L. 98-502), and the WIOA. B. If Subrecipient does not receive more than $750,000 in federal funds during its fiscal year, it is not required to submit to a single audit or program specific audit of those funds. As a result, FRWIB will not approve any expenditure for this type of audit under this Agreement. C. If required to submit a single audit or program specific audit to FRWIB, Subrecipient must do so by the date provided under Administrative Information and Funding Allocation on page 1.