Single Audit Act Reports

As of December 26, 2014, 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards became effective. The industry calls these regulations the “Uniform Guidance.” Under the Airport Block Grant Program (ABGP), NHDOT/Bureau of Aeronautics needs to have on file a copy of each of the ABGP airports' Single Audit Reports that include the federal funds for airport improvement projects during the past fiscal year, if they trip the $750,000 in federal expenditures reporting threshold. The Bureau will review these reports and check for any “findings” and resolutions to these findings. Airports are still required to file their Single Audit Reports with the Federal Audit Clearinghouse. All reports are due (1) within 30 calendar days of report completion, or (2) within 9 months of the end of the fiscal year, whichever is first.