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Review Applicability  Form

Review Applicability Form

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so your local government has received some federal funds during the year and you're wondering do I need a single audit let's look at an example of how this works in local county government suppose that this county receives $400,000 in a block grant during the fiscal year and also this same government receives two hundred thousand dollars of donated federal property we're now we're at six hundred thousand dollars and the threshold or the trigger for single audit is seven hundred and fifty thousand dollars so in this example they have expended less than seven hundred and fifty thousand dollars and therefore they would not need a single audit now notice I use the word expended and let's talk about what that means in a single audit environment in the Block Grant they spent four hundred thousand dollars so we can use that word expended but what about the receipt of the donated property nobody expended any money at least in this local government even so under single audit definitions the the

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