Caltrans Office Bulletin 24-04: Single Audit Report & de Minimis Updates
Effective October 1, 2024, the Single Audit Report (SAR) package submission threshold has been increased from equal to or greater than $750,000 to equal to or greater than $1,000,000 in total federal grant expenditures in a subrecipient’s fiscal year. This updated regulation impacts subrecipients (local public agencies, federally-recognized tribes, and nonprofits) of federal funding passed-through … Read more Caltrans Office Bulletin 24-04: Single Audit Report & de Minimis Updates