Res 2008-142 - Laserfiche WebLink

Home Browse Search

, } Non-Profit Organizations OMB Circular A-122 OMB Circular A-133 and UGMS UGMS; OMB Circular A-110 and applicable Federal awarding agency common rule For-profit 48 CFR Part 31, Program audit UGMS and applicable Organization other Contract Cost conducted by an Federal awarding than a hospital and an Principles independent agency common rule organization named in Procedures, or certified public OMB Circular A-122 uniform cost accountant in as not subject to that accounting accordance with circular. standards that Governmental comply with cost Auditing principles Standards. acceptable to the federal or state awarding agency A chart of applicable common rules is located on the Internet at http://www.whitehouse.gov/omb/grants/chart.html. OMB Circulars will be applied with the modifications prescribed by UGMS with effect given to whichever provision imposes the more stringent requirement in the event of a conflict. Section 6.02 Independent Single or Program-Specific Audit. If Contractor within Contractor's fiscal year expends a total amount of at least $500,000 in state funds awarded or at least $500,000 in federal funds awarded, Contractor must have a single audit or program-specific audit in accordance with the Office of Management and Budget (OMB) Circ. No. A-133, the Single Audit Act of 1984, P L 98-502, 98 Stat. 2327, and the Single Audit Act Amendments of 1996, P L 104-156, 110 Stat. 1396. The $500,000 federal threshold amount includes federal funds passed through by way of state agency awards. The HHSC Office of Inspector General (OIG) will notify the Contractor to complete the Single Audit Determination Registration Form. If Contractor fails to complete the Single Audit Determination Form within thirty (30) days after notification by OIG to do so, Contractor shall be subject to DSHS sanctions and remedies for non-compliance with this Contract. The audit shall be conducted by an independent certified public accountant and in accordance with applicable OMB Circulars, Government Auditing Standards, and Uniform Grant Management Standards (UGMS) located on the Internet at httn://www.eovemor.state.tx.us/divisions/statejzrants/guidelines/fi_les/UGMS062004.doc. Contractor shall procure audit services in compliance with this section, state procurement procedures, as well as with the provisions of UGMS. Contractor, unless Contractor is a governmental entity, shall competitively re-procure independent single audit services every five (5) years and shall not use the same lead or coordinating audit partner (having primary responsibility for the audit) to conduct the independent audit for more than five (5) consecutive years. Procurement of audit services must comply with the procurement standards of 45 CFR Part 74 or 92, as applicable, including obtaining General Provisions (Core Subrecipient 2009) 6/5/08 Page 11 of 38