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<br /> <br />3 <br />Revised 9/8/2021 <br />• Audit Requir ements. The audit requirements in 45 CFR Part 75, Subpart F apply to <br />each recipient fiscal year that begins on or after December 26, 2014. A non-Federal <br />entity that expends $750,000 or more during the non-Federal entity's fiscal year in <br />Federal awards must have a single or program-specific audit conducted for that year in <br />accordance with 45 CFR 75 and must submit an audit reporting package to the Feder al <br />Audit Clearinghouse (FAC), the OMB designated repository of record. In acc ordance <br />with 45 CFR 75.513(c )(1), HHS grant awarding agencies are required to ensure that <br />single or program-specific audits are completed and reported by recipients within nine <br />months after the end of the audit period (recipient fiscal year end date). Recipients <br />must comply with the following: <br /> <br />i. Within 30 days of the award issue date on the Notice of Award, Recipient <br />must submit a Grant Note labeled “Recipient Fiscal Year” as the Subject to <br />GrantSolutions which documents the fiscal year start and end date for the non- <br />Federal entity; <br /> <br />ii. Within 3 business days of submission of the audit reporting package to <br />FAC, provide certification (to include evidence of submission) to the CMS <br />Grants Management Specialist (GMS) as a Grant Note in GrantSolutions <br />labeled: “FAC Certification ” (Subject)/ “FAC_CERT_mm.dd.yyyy” (File <br />Name ).; <br /> <br />OR <br /> <br />iii. Within 90 days following the non-Federal entity’s fiscal year end date , <br />recipients must certify in writing to the CMS GMS that their entity did not <br />expend more than $750,000 during their fiscal year as a Grant Note in <br />GrantSolutions labeled: “FAC Certification” (Subject)/ <br />“FAC_CERT_mm.dd.yyyy” (File Name). Records must still be available for <br />review or audit by appropriate officials of CMS, pass -through entity, and <br />Government Accountability Office (GAO). <br /> <br />For questions and information concerning the FAC submission process, please contact <br />the Federal Audit Clearinghouse (entity which assists Federal cognizant and oversight <br />agencies in obtaining audit data and reporting packages) at 888-222-9907 or <br />https://harvester.census.gov/facweb/Default.aspx. <br /> <br /> Commercial Organizations (for-profits including for-profit hospitals) should <br />consult §75.216 for limitations on profit and program income. As explained in 45 CFR <br />§75.501(i) and §75.216, commercial organizations have two options regarding audits: <br /> <br />(1) A financial related audit (as defined in the Government Auditing Standards, GPO <br />Stock #020-000-00-265-4) of a particular award in accordance with Government <br />Auditing Standards. In those cases where the recipient receives awards under <br />only one HHS program, or, if awards are received under multiple HHS programs, <br />a financial related audit of all HHS awards in accordance with Government <br />Auditing Standards; or <br />DocuSign Envelope ID: 7832B0E4-F34E-430E-A3C2-1A6A14F29307