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Library: Policy

340:105-10-107. Audits of grantees receiving state funds only

Revised 5-12-05

(a) Policy.  Audit and fiscal review policy for grantees receiving state funds only are the same as for grantees receiving federal funds except the State Agency reserves the right to modify such policy as appropriate.  Factors considered in the modification of audit and fiscal review policies are:

(1) source of state funding;

(2) amount of funding award;

(3) availability of other grantee audits of award funds;

(4) purpose, scope, and duration of the Title III project or Area Agency on Aging (AAA) service;

(5) number and nature of transactions involved in the Title III project or AAA service; and

(6) availability of audit funds.

(b) Authority.  The authority for this Section is Part 1321.11 of Title 45 of the Code of Federal Regulations.

(c) Procedures.  Procedures for implementing this Section are described in this subsection.  The grantor:

(1) considers the factors outlined in (a) of this Section; and

(2) outlines audit policy for state funds in the grant or contract agreement.

(d) Cross references.  See OAC 340:105-10-106 and 340:105-10-108 through 340:105-10-113.

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