Common use of Single Audit Report Clause in Contracts

Single Audit Report. 20.1. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐502, ensuring that the single audit report includes the coverage stipulated in 2 CFR Part 200. 20.2. If threshold expenditures are met during Local Government's fiscal year, Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Audit Office, ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ or contact TxDOT’s Audit Office at ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/inside‐ txdot/office/audit/contact.html. The expenditure threshold for fiscal years beginning prior to December 31, 2014 is $500,000; the expenditure threshold for fiscal years beginning on or after December 31, 2014 is $750,000. 20.3. If expenditures are less than the threshold during Local Government's fiscal year, Local Government must submit a statement to TxDOT's Audit Office as follows: 20.4. For each year Project remains open for federal funding expenditures, Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the LPAFA, unless otherwise amended or Project has been formally closed out and no charges have been incurred within the current fiscal year.

Single Audit Report. 20.129.1. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐50298-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR Part 200. 20.229.2. If threshold expenditures are met during Local Government's fiscal year, Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Audit Office, ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ or contact TxDOT’s Audit Office at ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/inside‐ /inside- txdot/office/audit/contact.html. The expenditure threshold for fiscal years beginning prior to December 31, 2014 is $500,000; the expenditure threshold for fiscal years beginning on or after December 31, 2014 is $750,000. 20.329.3. If expenditures are less than the threshold during Local Government's fiscal year, Local Government must submit a statement to TxDOT's Audit Office as follows: 20.429.4. For each year Project remains open for federal funding expenditures, Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the LPAFAagreement, unless otherwise amended or Project has been formally closed out and no charges have been incurred within the current fiscal year.

Single Audit Report. 20.1. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98‐50298-502, ensuring that the single audit report includes the coverage stipulated in 2 CFR Part 200. 20.2. If threshold expenditures are met during Local Government's fiscal year, Local Government must submit a Single Audit Report and Management Letter (if applicable) to TxDOT's Audit Office, ▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇ or contact TxDOT’s Audit Office at ▇▇▇▇://▇▇▇.▇▇▇▇▇.▇▇▇/inside‐ /inside- txdot/office/audit/contact.html. The expenditure threshold for fiscal years beginning prior to December 31, 2014 is $500,000; the expenditure threshold for fiscal years beginning on or after December 31, 2014 is $750,000. 20.3. If expenditures are less than the threshold during Local Government's fiscal year, Local Government must submit a statement to TxDOT's Audit Office as follows: 20.4. For each year Project remains open for federal funding expenditures, Local Government will be responsible for filing a report or statement as described above. The required annual filing shall extend throughout the life of the LPAFAagreement, unless otherwise amended or Project has been formally closed out and no charges have been incurred within the current fiscal year.