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?

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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?

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The reports are due annually, within 45 days after your fiscal year ends. Shortly after your fiscal year ends, you will get a letter from the Department of Finance & Management requesting that you submit the reports. The letter contains a list of all grants/loans from a State of Vermont agency with an open grant period for all or part of your most recently completed fiscal year and blank copies of both reports. If you require a single audit, you only have to file the Certification of Audit Requirement. If you do not require a single audit, you must also submit the Subrecipient Schedule of Federal Expenditures. Both are due within 45 days after your fiscal year ends.

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