Management’s Response/Corrective Action Plan (Unaudited): Future subrecipient contracts will include provisions requiring the submission of financial documentation in accordance with the requirements set forth in 2 CFR Part 200, Subpart F – Audit Requirements. Specifically, all subrecipients will be...
Management’s Response/Corrective Action Plan (Unaudited): Future subrecipient contracts will include provisions requiring the submission of financial documentation in accordance with the requirements set forth in 2 CFR Part 200, Subpart F – Audit Requirements. Specifically, all subrecipients will be required to submit either a fiscal year Profit and Loss Statement or, if applicable, a Single Audit report in accordance with the federal award expenditure thresholds established under 2 CFR § 200.501. These provisions ensure compliance with federal monitoring and oversight responsibilities and will be tailored to the subrecipient’s level of federal funding. Policies and procedures, including the Procurement Regulations manual are being updated to reflect these modifications.
Planned Completion Date: These modifications are being implemented immediately and the documentation to update the policies and procedures will be updated by August 31, 2025.
Contact Person Responsible for Correction Action: Leigha Boling, Division Director of Procurement & GrantsManagement or Designee