Audit Costs
Some grantees with large
awards may be required to undergo an audit in accordance with
OMB Circular A-133. Specifically, recipients of Federal funding
that spend in excess of $300,000 of Federal funds in a year must
undergo an audit. (For more information about the Circulars, go
to www.whitehouse.gov/omb/circulars.) The costs incurred for such
an audit would be an eligible expenditure if included in the proposal’s
budget. You may wish to consider including anticipated costs of
such an audit if you are applying for a significant level of funding.
No other audits are required and therefore, will not be funded.
