Audit Certification Form by t56Mhg

VIEWS: 16 PAGES: 4

									                          TEXAS WATER DEVELOPMENT BOARD (TWDB)
                           SINGLE AUDIT CONFIRMATION OF EXEMPTION FORM

Subrecipient:                                       Fiscal Year Ending:

       We did not exceed the $500,000 state or $500,000 federal expenditure threshold required for a
       Single Audit or a Program Specific Audit to be performed this fiscal year. (Fill out schedule below,
       otherwise a Single Audit is required.)

                                         Federal/State Expenditure Disclosure

                       Must be filled out if Single Audit or Program Audit is not required:
                                                  Federal Funds
                               Pass-through             Program Name &
   Federal Grantor               Grantor                 CFDA Number           Contract Number            Expenditures




                                  Total Federal Expenditures for this Fiscal Year                   $

                                                       State Funds
                              Pass-through
    State Grantor             Grantor (if any)          Program Name           Contract Number            Expenditures




                                   Total State Expenditures for this Fiscal Year                    $


Printed Name                                                    Title: City Official, CFO, CEO, or equivalent)


Authorized Signature (Must be City Official, City               Phone Number                    Date
Manager, CFO, CEO, or equivalent)

Failure to submit this or a similar statement, or failure to submit a completed single audit package as
described in the audit requirements by the required due date, will result in suspension of funding and will affect
eligibility for future funding. A single audit or confirmation of exemption form must be submitted until a TWDB
Final Accounting has been completed on the loan or grant.

                Submit this form to TWDB within 60 days after the end of your fiscal year to:
                                     TWDB Financial Monitoring Division
                                             P. O. Box 13231
                                         Austin, TX 78711-3231

               For an electronic version of this form contact the TWDB Financial Monitoring Division at
                    (512) 475-1744 or visit our web site at http://www.twdb.state.tx.us/home/index.asp
           (Link to forms: http://www.twdb.state.tx.us/assistance/financial/resources/index.asp)
Form SA-01 Audit Certification Form, Requirements and Checklist                                               Page 1 of 4
                                                                                                        September 1, 2010
                       TEXAS WATER DEVELOPMENT BOARD (TWDB)
                                           AUDIT REQUIREMENTS

Organizations expending $500,000 or more in federal or state awards (from TWDB and other funding sources)
during their fiscal years shall obtain either an annual single audit or a program specific audit. Organizations
may have a program specific audit in accordance with Office of Management and Budget (OMB) Circular A-
133 or with the State of Texas Uniform Grant Management Standards (UGMS) if they expended funds for only
one federal program (as listed in the Catalog of Federal Domestic Assistance (CFDA)) or one state program. If
funds are spent for more than one federal or state program, a single audit is required. The audited time period
is the organization’s fiscal year, not TWDB’s funding period.

Based on OMB Circular A-133 as revised June 27, 2003 and UGMS as adopted June 2004, organizations with
fiscal years ending after December 31, 2003 spending less than $500,000 in federal funds from all sources
combined and less than $500,000 in state funds from all sources are not required to have a single audit. (See
OMB A-133 Subpart B __.230(b)(2) and UGMS, State of Texas Single Audit Circular, B--Audits,          .200.)
The cost of auditing a non-federal organization which has federal awards expended of less than $500,000 per
year is unallowable and will not be reimbursed by TWDB. The organization is thereby exempted under OMB
A-133 Subpart B .200 (d) from having an audit conducted under this part. OMB Circular A-133 and UGMS are
to be used for audits of all organizations funded by TWDB.

The audit shall be conducted by a certified public accountant (CPA) that is licensed at the time of the audit by
the State of Texas regulatory body. The CPA shall meet all of the general standards concerning qualifications,
independence, due professional care, and quality control as required by Government Auditing Standards,
including the requirements for continuing professional education and external peer reviews. Auditor selection
must adhere to federal and state procurement requirements.

The Schedule of Expenditures of Federal Awards should list TWDB’s contract numbers, the total expended for
each individual federal program, and the CFDA number (OMB A-133 Subpart C .310(b)(3)). In addition, either
a separate schedule of expenditures of state awards or a schedule that includes separate totals for both state
and federal awards must be included if state dollars expended require a single audit.
The independent auditor's report should include all of the relevant items listed on TWDB’s Single Audit Report
Checklist. Additional guidance on the conduct and reporting of these audits is contained in the latest issuance
of the following publications:

       Government Auditing Standards issued by the Comptroller General of the United States, 2003
       OMB Circular A-133 as revised June 2003
       OMB Circular A-133 Compliance Supplement most current revision.
       AICPA's Statement of Position 98-3, "Audits of States, Local, Governments, and Not-for-Profit
        Organizations Receiving Federal Awards"
       Various AICPA audit guides for nonprofits, colleges and universities and health and welfare
        organizations
       AICPA's Audit Risk Alert "State and Local Governmental Developments"
       AICPA's Audit Risk Alert "Not for Profit Organizations Industry Developments"
       State of Texas Uniform Grant Management Standards for State of Texas funding only.

All organizations that receive a TWDB award must submit the provided Audit Certification Form which certifies
whether you are subject to a single/program audit. Organizations receiving federal awards or state awards
from TWDB who are not required to have an audit shall certify in writing to TWDB. The organization’s City
Official, City Manager, Chief Executive Officer, Chief Financial Officer or equivalent shall make the certification
within 60 days of the organization’s fiscal year (UGMS, State Uniform Administrative Requirements For Grants
and Cooperative Agreements, Subpart C .26(d)).



Form SA-01 Audit Certification Form, Requirements and Checklist                                       Page 2 of 4
                                                                                                September 1, 2010
                       TEXAS WATER DEVELOPMENT BOARD (TWDB)
                                      SINGLE AUDIT REQUIREMENTS


The following items should be submitted to the TWDB Financial Management Division within the required
timeframe:

Due within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the audit
period:
            One copy of the entire audit report issued by the CPA. (Preferably an electronic version
               forwarded to the TWDB Financial Monitoring Division fmfinance@twdb.state.tx.us.
            One copy of any management letter issued by the CPA in conjunction with the audit report
            One copy of management's comments on all findings, recommendations, & questioned costs
               contained in the audit report and management letter, including a detailed corrective action plan

Failure to submit any of these items by the required due date may result in holds on current draw requests,
suspension of the organization’s contract(s), and/or ineligibility for future funding.

If the organization does not meet the requirements of having a single/program audit conducted, records must
still be kept available for review or audit by TWDB staff (OMB A-133 Subpart B .200(d); UGMS, State of
Texas Single Audit Circular, B--Audits,         .200(d)).

If additional information is needed concerning the audit requirements, please call (512) 463-3751.

E-mail or Mail all of the required materials as follows to ensure that they are received at the correct
department:

E-mail Address
      fmfinance@twdb.state.tx.us

Regular Mail
Texas Water Development Board (TWDB)
Financial Management Division
P.O. Box 13231
Austin, Texas 78711-3231

Financial Monitoring Fax Number
    (512) 936-2298

Financial Monitoring Phone Number
    (512) 475-1744

Catalog of Federal Awards (CFDA) (https://www.cfda.gov/)
    Clean Water SRF (CWSRF):          66.458
    Drinking Water SRF (DWSRF):       66.468

Single Audit Reference Links:
    http://www.whitehouse.gov/omb
    http://www.ignet.gov/pande/audit1.html
    http://www.governor.state.tx.us/files/state-grants/UGMS062004.doc




Form SA-01 Audit Certification Form, Requirements and Checklist                                      Page 3 of 4
                                                                                               September 1, 2010
                            TEXAS WATER DEVELOPMENT BOARD (TWDB)
                                SINGLE AUDIT REPORT CHECKLIST

The Board developed this checklist to help organizations improve the quality and completeness of
audit reports.
        General Purpose or Basic Financial Statements of the Organization

        Opinion/Report on Organization’s Financial Statements in accordance with Government Auditing
        Standards

        Notes to the General Purpose or Basic Financial Statements of the Organization

        A Schedule of Expenditures of Federal Awards, including the Department’s contract numbers, the total
        expended for the federal program, and the CFDA number (OMB A-133, Subpart C, Sec.310).

        Opinion/Report on Schedule of Expenditures of Federal and State Awards

        A Schedule of Expenditures of State Awards, including the Department’s contract numbers and the
        total expended for the state program [This schedule may be combined with the Schedule of
        Expenditures of Federal Awards if the state and federal amounts are shown and totaled separately]

        Opinion/Report on Schedule of Expenditures of State Awards

        Report on Compliance and on Internals Control Over Financial Reporting Based on an Audit of
        Financial Statements Performed in Accordance With Government Auditing Standards. (OMB A-133 §.
        505 (b), UGMS )

        Report on Compliance with Requirements Applicable to Each Major Program and Internal Control over
        Compliance in Accordance with OMB Circular A-133. (OMB A-133 §. 505 (c), UGMS)

        Schedule of Findings and Questioned Costs (OMB A-133 §. 505d, UGMS), including:

        Summary Schedule of Prior Audit Findings reporting the status of all findings included in the prior
        audit’s schedule of findings and questioned costs. (OMB A-133 Sec. 315 (a) and (b), UGMS)

        Corrective Action Plan including (OMB A-133 Sec. 315 (c), UGMS) name of person responsible for
         the corrective action, corrective action planned, anticipated completion date, and explanation and
        reason if auditee does not agree with findings or believes correction is not required

        All reports are signed and dated by the auditor

        One copy of the audit reports are submitted

        One copy of the management letter, if issued.

        One copy of comments by management concerning all findings and recommendations included in
        management letter, including a corrective action plan




Form SA-01 Audit Certification Form, Requirements and Checklist                                  Page 4 of 4
                                                                                           September 1, 2010

								
To top