Skip to Main Content
Massachusetts Board of Library Commissioners Resource Guide Collection

LSTA Grant Management Guide: Audits

About

LSTA grants must be audited in compliance with federal and state audit requirements for local government and public authorities, institutions of higher education, and non-profit organizations. The following source document outlines the standards and requirements: 2 CFR 200, Subpart F - Audit Requirements

If your municipality, institution, or network receives more than $750,000 in federal funds from ALL sources, not just LSTA and not just at the library, then an audit of your grant funds that meets the requirements of the Single audit is required. 2 CFR 200.501(b)

How do I meet the requirement?

A municipality's regular annual or bi‑annual audit should meet the requirements. Talk with your financial department to be sure. Libraries not covered under a municipal audit will need to work with their financial department to see if current audit practices meet the requirements.

Additional Information

  • The Assistance Listing Number (ALN) for LSTA is 45.310
  • It is necessary to have audits done for the entire period of disbursements and expenditures. With fiscal year spending, this may result in more than one audit.
  • You must notify MBLC about any LSTA-related findings in the audit.

 

This website, and other programs of the MBLC, is funded in part with funds from the Institute of Museum and Library Services, a federal agency that fosters innovation, leadership, and a lifetime of learning.