Federal Audit Requirements

Department of Education Federal Audit Requirements for School Administrative Units and Private Non-profit Agencies:

Any non-Federal entitites that expend $500,000 or more of Federal awards in a year are required to obtain an annual audit in accordance with the Single Audit Act Amendments of 1996, Office of Management and Budget (OMB) Circular A-133, "Audits of States, Local Governments and Non-Profit Organizations," the OMB Circular A-133 Compliance Supplement and Government Auditing Standards.
OMB Circular A-133 "Audits of States, Local Governments and Non-Profit Organizations"
OMB Circular A-133 Compliance Supplement 2011 - (for 2011 Programs)
- Department of Education Section of the 2011 Supplement in pdf
OMB Circular A-133 Compliance Supplement 2010 - (for 2010 Programs)
- Department of Education Section of the 2010 Supplement in pdf

Here is a link to a brochure entitled: "Single Audit Basics and Where to Get Help" http://harvester.census.gov/fac/cfoBrochure2005.pdf

The Federal Single Audit Report is due within nine (9) months after the end of the audit period.

Request for Extension:

The school administrative unit or its auditor must request an extension from the Federal government if the Federal Single Audit report will not be submitted within nine months.
The written request for an extension for filing the Federal Single Audit report must be submitted to:

U.S. Department of Education

Post Audit Group

Office of the Chief Financial Officer

400 Maryland Avenue, S.W.

Washington, D.C. 20202

phone (202) 401-1823

Penalties for non-compliance:

Penalties in accordance with Office of Management and Budget Circular A-133, Section_.225 Sanctions

Withholding a percentage of Federal awards until the audit iscompleted satisfactorily;
Withholding or disallowing overhead costs;
Suspending Federal awards until the audit is conducted; or
Terminating the Federal award.

Penalties in accordance with 34 CFR, Section 80.12 - Special Grant or Subgrant Conditions for "High-Risk" Grantees
Penalties in accordance with 34 CFR, Section 80.43 - Enforcement

Please direct any questions to:
DOE.audit@maine.gov

Fiscal Review and Compliance Team:
Heather Neal or Stephanie Wright

Department of Education
23 State House Station, Augusta, Maine 04333
Phone: (207) 624-6863 or (207) 624-6865
Fax: (207) 624-6791

6/12/13