R2014-110 INTERGOVERNMENTAL AGREEMENT WITH IDOT

Home Browse Search

I. If your agency expended$500,000 (or the current OMB Circular A-133 qualifying amount)or more in federal awards from all sources,including other agencies, in a year, you are required to have a single audit performed in accordance with OMB Circular A-133 and submit a copy of the report to the department within the earlier of 30 days after completion of the single audit or no more than nine months after the end of your fiscal year end. This is an annual requirement for every year in which you expended funds for this project. 2. If your agency did not expend $500,000 (or the current OMB Circular A-133 qualifying amount)or more in federal awards from all sources, including other agencies, in any fiscal year for which you expended funds for project costs and were not required to conduct a single audit,you must complete and return the certification statement. This is an annual requirement for every year in which you expended funds for this project. 3. If your agency receives multiple awards from the department, only one annual submittal of this information is required. Please submit a copy of your OMB Circular A-133 single audit or the Single Audit Not Required Certification to: Illinois Department of Transportation Audit Section, Rm. 303 2300 South Dirksen Parkway Springfield, IL 62764 Attn: Samuel Frioli The single audit must be comprised of four parts. You have the option of including the four parts in one report or a combination of reports. The four parts are commonly known as: 1. Comprehensive Annual Financial Report(Financial Statements). 2. Schedule of Expenditures of Federal Awards and Independent Auditor's Report thereon. 3. Independent Auditor's Report on Internal Control over Financial Reporting and on Compliance and other matters based on an Audit of Financial Statements performed in accordance with Government Auditing Standards. 4. Independent Auditor's Report on Compliance with Requirements Applicable to each Major Program and on Internal Control over Compliance in accordance with OMB Circular A-133. Additional information which should be submitted: 1. Corrective Action Plan(s), if applicable. 2. Management Letter, if applicable. 3. Status of Prior Year Findings, is applicable. For your convenience, you may also submit the information via email to Samuel Frioli at Samuel Frioliq�)Olingis. ov or via fax at 217/782-5634. If you have any questions, please contact Samuel Frioli at 217/782-5717. Printed 8/11/2014 Page 17 of 17 MPO-Decatur MIP Transportation Study 2015BoBS1029 BoBS 9073(Rev.07/11/14)