If your municipality receives more than $750,000 in federal funds from ALL sources, not just ARPA and not just at the library, then an audit of your grant funds that meets the requirements of the Single Audit (previously known as the OMB Circular A-133) is required.
According to the SINGLE AUDIT ACT AMENDMENTS of 1996 (P.L. 104-156), external or internal audits must be made in accordance with generally accepted government auditing standards (GAGA) issued by the Comptroller General of the United States, which are applicable to federal audits.
Your municipality's regular annual or bi‑annual audit should meet the requirements. Talk with your municipal treasurer to be sure. Audits of non‑profit organizations must also be in compliance with 2 CFR 200.
In order to comply with the audit requirement, you may choose one of the following options:
If you select option #1 above, be sure that it is the entire report. Often the Federal Financial Assistance portion of the audit is bound separately, but it is essential we receive that part.
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