Overview
Updated Information – Please Read!
New information will be added on a continual basis.
Frequently Asked Questions
Federal Awards
- Entities that expend $750,000 or more in its fiscal year in total federal awards must have a federal single audit performed.
- Entities that expend total federal awards of less than $750,000 during their fiscal year are exempt from the federal single audit requirements for that year. Exempt entities must notify the Office of Internal Audit of their exemption, via the Federal Single Audit Exemption Notification Form. This notification is required no later than six (6) months after the end of the entity’s fiscal year.
State Financial Assistance
- Non-state entities that expend $300,000 or more in its fiscal year in State Financial Assistance must have a state single audit performed. Under certain circumstances, an auditee may elect to have a program-specific audit conducted. C.G.S. Section 4-231 should be consulted for specific guidance relative to this option.
- Non-state entities that expend less than $300,000 in State Financial Assistance during their fiscal year are exempt from state single audit requirements for that year. A State Single Audit Filing Exemption Notification must be submitted to the Office of Internal Audit and the Office of Policy and Management (OPM) no later than sixty (60) days subsequent to the entity’s fiscal year end. Please note: Submissions to the Office of Internal Audit must be emailed to sde.audit@ct.gov. Additionally, records must be available for review or audit by appropriate officials of state grantor agencies.