9 | Audit of Contracted Human Services August 2024 County may order an audit conducted. The cost of this audit shall either be deducted from future payments made to the Provider by the County or shall be refunded to the County by the Provider. Copies of the required audit including the management letter, if applicable covering the County’s fiscal year will be sent to the County Human Services Manager within 30 days of the Provider’s receipt of the audit report. C. Reviewed Financial Statements (“Reviews”): If the Provider’s total revenue exceeds TWO HUNDRED FIFTY THOUSAND Dollars ($250,000) per fiscal year but does not exceed SEVEN HUNDRED FIFTY THOUSAND Dollars ($750,000) per fiscal year OR the Provider is receiving County funds in excess of TWENTY FIVE THOUSAND Dollars ($25,000) but does not exceed FIFTY THOUSAND Dollars ($50,000); a reviewed financial statement is required. Copies of the required review, including the management letter if applicable, covering the County’s fiscal year will be sent to the County Human Services Manager within 30 days of the Provider’s receipt of the Reviews. D. Compiled Financial Statements with Footnote Disclosures (“Compilations”): If the Provider’s total revenue is less than TWO HUNDRED FIFTY THOUSAND Dollars ($250,000) per fiscal year AND the Provider is receiving County Funds less than TWENTY-FIVE THOUSAND Dollars ($25,000); a compiled financial statement with footnote disclosures is required. Copies of the compiled financial statements with footnote disclosures, including the management letter if applicable, covering the County’s fiscal year will be sent to the County Human Services Manager within 30 days of the Provider’s receipt of the Compilations. Contracted Human Services Annual Monitoring Report reflects contractual requirements regarding external audits. PARAGRAPH XVI: AUDIT REQUIREMENTS A copy of the agency’s most recent independent audit, review, or compilation with footnote disclosures as appropriate including management letter was provided. Agency’s fiscal year end date xx/xx/xx. Audit Received by Agency xx/xx/xx. Audit Received by Human Services (within 30 days) xx/xx/xx. Was a corrective action plan needed? ___ YES ___ NO. If yes, explain.
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