Definition of Federal Government Expenditures in the Single Audit Act- OMB Circular A-133

DID YOU KNOW that $500,000 is made up of more than expenditures? (03/22/04)

In order to comply with OMB Circular A-133 standards, all PHAs and non-profit Multifamily Projects expending $500,000 or more in Federal funds must have an independent audit conducted by an IPA. (03/22/04)

To determine whether your PHA or non-profit Multifamily Project has expended more than $500,000, you should consult the definition of Federal government expenditures according to A-133. (03/22/04)

According to OMB Circular A-133, Section .205(d), loans and loan guarantees for the proceeds of which were received and federal awards for which the proceeds were received and expended in prior years are still considered to be expended in the current year if the laws, regulations, and the provisions of contracts or grant agreements impose continuing compliance requirements. Thus, OMB Circular A-133 requires independent audits conducted by an IPA as long as you must comply with provisions in your regulatory agreement in addition to the repayment of the loan. Capital grants are also included in this calculation of Federal funds.

To assist you in determining if your PHA or Non-Profit Organization is required to have an independent audit in accordance with OMB Circular A-133, we have designed the following questionnaires.

PHA questionnaire

Non-Profit questionnaire

These questionnaires are intended to provide assistance in making the determination, however, you should obtain and review the requirements in OMB Circular A-133 to ensure your determination of total federal expenditures is complete and accurate.