Federal awards definition
Examples of Federal awards in a sentence
The Grantee shall conduct a single or program-specific audit in accordance with the provisions of 2 C.F.R. Part 200 and the related provisions of the Uniform Guidance, if it expends more than $750,000 or more in Federal awards from all sources during its fiscal year.
A recipient that expends $750,000 or more in Federal awards in its fiscal year, must have a single or program- specific audit conducted in accordance with the provisions of 2 CFR Part 200, Subpart F.
Grantee will meet the audit requirements of 2 CFR 200 if it expends $750,000 or more in Federal awards during ▇▇▇▇▇▇▇’s fiscal year.
The determination of amounts of Federal awards expended should be in accordance with the guidelines established by OMB Circular A-133, as revised.
Subrecipient shall prepare appropriate financial statements, including the schedule of expenditures of Federal awards in accordance with Uniform Guidance §200.510 (Financial statements) and provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit required by Uniform Guidance Part F-Audit Requirements.