What will happen if I don’t file the Certification of Audit Requirement or Subrecipient Schedule of Federal Expenditures within 45 days after my fiscal year ends?
If these reports are not received by the Department of Finance & Management by the due date, your organization will be placed in a delinquent status. The state granting agency will follow up with you on this status and a continued failure to comply with the requirement could result in sanctions. Possible sanctions are a hold on future grant payments to your organization, denial of future grant requests, a request for repayment of the grant, etc. Timely filing of these reports is a condition of your grant award and failure to do so will put you out of compliance with the terms of your grant agreement.
Related Questions
- What will happen if I don’t file the Certification of Audit Requirement or Subrecipient Schedule of Federal Expenditures within 45 days after my fiscal year ends?
- When do I file the Certification of Audit Requirement and Subrecipient Schedule of Federal Expenditures? Do I have to remember to do it each year?
- What happened to the Certification of Audit Requirement and Subrecipient Schedule of Federal Expenditures?
