NSP FAQ
Q

May NSP funds designated for administration or project delivery be used to pay audit costs that are incurred to satisfy the requirements of OMB Circular A-133?

Date Published: October 2012

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A

NSP grantees and subrecipients that expend $500,000 or more in all Federal awards in a single program to a single entity must have an audit conducted in accordance with OMB Circular A-133. NSP administrative funds can be used to pay for all or a portion of audit costs depending on the percentage amount of NSP funds expended. If multiple federally awarded funds are expended in a single program year, then NSP grantees and or their subrecipients need to allocate proportionally the cost of the audit across all of the federal funding sources. Costs for audits are generally considered to be program administration expenses as part of overall program management incurred by a grantee or their subrecipients.


Tags: NSP Program Requirements - Eligible Costs

FAQ ID:

629