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Federal Audit Requirements

 

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

  • Any non-Federal entitites that expend a specified amount (*see below for guidelines) 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.

    * From now until December 26, 2014, expenditures of $500,000 or more of Federal awards require a Single Audit (A-133). Beginning December 26, 2014 and going forward, expenditures of $750,000 or more of Federal awards require a Single Audit (A-133) until a new guideline is published.

  • OMB Circular A-133 "Audits of States, Local Governments and Non-Profit Organizations"

  • OMB Circular A-133 Compliance Supplement 2013 - (for 2013 Programs)
  • OMB Circular A-133 Compliance Supplement 2012 - (for 2012 Programs)

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

  • The Department of Education requests annual audits for Private Non-profit Agencies to meet requirements set forth in:
    • 34 CFR Part 74 - Administration of Grants and Agreements With Institutions of Higher Education, Hospitals, and Other Non-Profit Organizations § 74.26 and § 74.51; OR
    • 34 CFR Part 80 - Uniform Administrative Requirements For Grants And Cooperative Agreements to State and Local Governments § 80.26 and § 80.40.

How do I request a Federal Audit Extension:

Penalties for non-compliance:

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

Office of Management and Budget (OMB) Federal circulars & OMB Circular A-133 – Audits of States, Local Governments, and Non-Profit Organizations:

Federal Audit Clearinghouse operates on behalf of the Office of Management and Budget (OMB) and its primary purposes are to:

  • Distribute Single audit reporting packages to federal agencies.
  • Support OMB oversight and assessment of Federal award audit requirements.
  • Maintain a public database of completed audits.
  • Help auditors and auditees minimize the reporting burden of complying with Circular A-133 audit requirements.

Government Auditing Standards - (The Yellow Book) or generally accepted government auditing standards

 


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

4/11/14