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16 <br /> Attachment C <br /> Notice of Certain Reporting and Audit Requirements <br /> The Grantee shall comply with all rules and reporting requirements established by State statute or <br /> administrative rules. For convenience,the requirements are set forth in this Attachment. <br /> Reporting Thresholds. <br /> There are two reporting levels established for grantees and subrecipients receiving State financial <br /> assistance. Reporting levels are based on the level of State financial assistance from all funding sources. <br /> The reporting levels are: <br /> (1) Level I — A grantee or subrecipient that receives, holds, uses, or expends State financial <br /> assistance in an amount less than seven hundred and fifty thousand dollars ($750,000) within its <br /> fiscal year. <br /> (2) Level II — A grantee or subrecipient that receives, holds, uses, or expends State financial <br /> assistance in an amount equal to or greater than seven hundred fifty thousand dollars ($750,000) <br /> within its fiscal year. <br /> Reporting requirements for grantees that meet the following reporting standards on an annual basis: <br /> (1) All grantees and subrecipients shall provide a certification that State financial assistance <br /> received or,held was used for the purposes for which it was awarded. <br /> (2) All grantees and subrecipients shall provide an accounting of all State financial assistance <br /> received,held,used, or expended. <br /> (3)All grantees and subrecipients shall report on activities and accomplishments undertaken by the <br /> Grantee, including reporting on any performance measures established in this Contract. <br /> (4) Level 11 grantees and subrecipients shall have a single or program-specific audit prepared and <br /> completed in accordance with Generally Accepted Government Auditing Standards,also known as <br /> the Yellow Book. <br /> All reports shall be filed with the Agency in the format and method specified by the Agency no later than <br /> three months following the end of the Grantee's fiscal year.Audits must be provided to the funding Agency <br /> no later than nine months following the end of the Grantee's fiscal year.The Grantee shall use the reporting <br /> package forms provided by the Agency in making and submitting reports to the Agency. <br /> Unless prohibited by law,the costs of audits made in accordance with the provisions of this Contract shall <br /> be allowable charges to State and Federal awards. The charges may be considered a direct cost or an <br /> allocated indirect cost, as determined in accordance with cost principles outlined in the Code of Federal <br /> Regulations, 2 CFR Part 200. The cost of any audit not conducted in accordance with this Contract shall <br /> not be charged to State awards. <br /> Notwithstanding the provisions of this Contract, a grantee may satisfy the reporting requirements of this <br /> Contract by submitting a copy of the report required under federal law with respect to the same funds. <br /> Page 14 of 14 <br />