7 CFR 3570.277
§ 3570.277 Audit or financial statement.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 3570.277, § 3570.277 Audit or financial statement, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/30820
- Permanent ID
ys:prov:30820@1- SHA-256
e6edf370a984b6657027b95e0446d4a79c654be392cd73c1431d84c474cedb85
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The Grantee will provide an Audit report or financial Statement in accordance with 2 CFR 200.500-200.517 and as follows:
(a) Grantees expending $750,000 or more Federal funds per fiscal year will submit an Audit conducted in accordance with 2 CFR parts 200, 215, 220, 225, 230 and 400, “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”
(b) Grantees expending less than $750,000 will provide annual financial Statements covering the grant period, consisting of the organization's statement of income and expense and balance sheet signed by an appropriate Official of the organization. Financial statements will be submitted within 90 days after the Grantee's fiscal year.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.