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Ord 2014-027/Dedicating fifty percent of its tax increment from the FM 110 transportation reinvestment zone and approving an interlocal agreement with Hays County
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Ord 2014-027/Dedicating fifty percent of its tax increment from the FM 110 transportation reinvestment zone and approving an interlocal agreement with Hays County
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1/22/2015 4:47:00 PM
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5/23/2014 2:22:34 PM
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City Clerk - Document
Ordinances
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2014-27
Date
5/20/2014
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CSJ # 3545 -01 -005, 3545 -02 -007, 3545 -02 -008, <br />3545 -02 -009, 3545 -03 -003, 3545 -03 -004 <br />District # 14 - Austin <br />Code Chart 64 # 50106 <br />Project: FM 110 <br />Federal Highway Administration <br />CFDA # 20.205 <br />Not Research and Development <br />22. Single Audit Report <br />A. The parties shall comply with the requirements of the Single Audit Act of 1984, P.L. 98 -502, <br />ensuring that the single audit report includes the coverage stipulated in OMB Circular A -133. <br />B. If threshold expenditures of $500,000 or more are met during the Local Government's fiscal <br />year, the Local Government must submit a Single Audit Report and Management Letter (if <br />applicable) to TxDOT's Audit Office, 125 E. 11th Street, Austin, TX 78701 or contact TxDOT's <br />Audit Office at http: / /www.txdot.QOV/ inside - txdot /ofi:fce /audit/contact.html. <br />C. If expenditures are less than $500,000 during the Local Government's fiscal year, the Local <br />Government must submit a statement to TxDOT's Audit Office as follows: "We did not meet <br />the $500,000 expenditure threshold and therefore, are not required to have a single audit <br />performed for FY " <br />D. For each year the project remains open for federal funding expenditures, the Local <br />Government will be responsible for filing a report or statement as described above. The <br />required annual filing shall extend throughout the life of the agreement, unless otherwise <br />amended or the project has been formally closed out and no charges have been incurred <br />within the current fiscal year. <br />23. Signatory Warranty <br />Each signatory warrants that the signatory has necessary authority to execute this agreement on <br />behalf of the entity represented. <br />AFA- LPAFA_ShortGen.doc Page 8 of 9 Revised 02/06/2014 <br />
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