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Federal Audit Requirements <br />A local government receiving aid under this distribution is required to obtain a federal single audit if its <br />expenditures of federal funds exceeds $750,000 in its fiscal year as explained below: <br />§200.501 Audit requirements. <br />(a) Audit required. A non-Federal entity that expends $750,000 or more during the non-Federal <br />entity's fiscal year in Federal awards must have a single or program-specific audit conducted for that <br />year in accordance with the provisions of this part. <br />(b) Single audit. A non-Federal entity that expends $750,000 or more during the non-Federal <br />entity's fiscal year in Federal awards must have a single audit conducted in accordance with §200.514 <br />Scope of audit except when it elects to have a program-specific audit conducted in accordance with <br />paragraph (c) of this section. <br />(c) Program-specific audit election. When an auditee expends Federal awards under only one <br />Federal program (excluding R&D) and the Federal program's statutes, regulations, or the terms and <br />conditions of the Federal award do not require a financial statement audit of the auditee, the auditee <br />may elect to have a program-specific audit conducted in accordance with §200.507 Program-specific <br />audits. A program-specific audit may not be elected for R&D unless all of the Federal awards expended <br />were received from the same Federal agency, or the same Federal agency and the same pass -through <br />entity, and that Federal agency, or pass-through entity in the case of a subrecipient, approves in <br />advance a program-specific audit. <br />(d) Exemption when Federal awards expended are less than $750,000. A non-Federal entity that <br />expends less than $750,000 during the non-Federal entity's fiscal year in Federal awards is exempt <br />from Federal audit requirements for that year, except as noted in §200.503 Relation to other audit <br />requirements, but records must be available for review or audit by appropriate officials of the Federal <br />agency, pass-through entity, and Government Accountability Office (GAO). <br />State Reporting Requirements <br />Local governments will be required to report expenditures to the state monthly using an online portal. <br /> <br />County Supplemental Appropriations <br />Cities and towns with populations under 200 are not eligible for a direct allocation from the state. <br />Instead, consistent with the legislative proposal, the home county for these cities and towns will <br />receive supplemental aid to be distributed to those cities and towns. The amount of the county <br />distribution to cities and towns is equal to the lesser of the state supplemental aid for that jurisdiction <br />or the jurisdictions documented allowable costs. <br />The city supplemental aid to counties is equal to the population of cities under 200 in the county <br />multiplied by $75.34. The town supplemental aid to counties is equal to the population of towns under <br />200 in the county multiplied by $25.