Question
In the last week of its fiscal year, Cass County received a notice from a federal agency that its application for a grant was
In the last week of its fiscal year, Cass County received a notice from a federal agency that its application for a grant was approved, and it would receive the funds the following day as a wire transfer to its bank. The funds did come as scheduled and the county scheduled a meeting of program managers for the first of the new fiscal year to determine how best to spend the federal grant money. Cass County: Select one: A. Must submit a Single Audit to the Government Accountability Office (GAO). B. Must have a Single Audit for the year just ended, following OMB (2 CFR Part 200, Subpart F) guidance, and then file the report with the Federal Audit Clearinghouse at the Census Bureau. C. Is not required to have a Single Audit for the year just ended. D. Does not need a Single Audit for the year just ended, as long as it passes the federal funds along to not-for-profit organizations.
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