| Examples of Audit Threshold Calculations for HHS Commercial (For-Profit) Awardees |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 1: |
|
Calculation |
|
| HHS Grant |
$200,000 |
$200,000 |
yes |
| HHS Cost-reimbursable contract |
225,000 |
225,000 |
yes |
| HHS Fixed Price contract |
100,000 |
0 |
no |
| Subcontract under HHS Award |
100,000 |
100,000 |
yes |
|
$625,000 |
$525,000 |
|
| Example 1: The threshold is met and an audit is required. |
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 2: |
|
Calculation |
|
| HHS Cost-reimbursable contract |
$350,000 |
$350,000 |
|
| HHS Fixed Price contract |
100,000 |
0 |
|
| Subcontract under HHS contract |
200,000 |
200,000 |
|
|
$650,000 |
$550,000 |
|
| Example 2: An audit is not required--no HHS grant or subgrant dollars. |
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 3: |
|
Calculation |
|
| HHS Grant |
$125,000 |
$125,000 |
|
| HHS Fixed Price contract |
200,000 |
0 |
|
| HHS Cost-reimbursable contract |
250,000 |
250,000 |
|
|
$575,000 |
$375,000 |
|
| Example 3: The threshold is not met. No audit is required. |
|
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 4: |
|
Calculation |
|
| HHS Grant |
$75,000 |
$75,000 |
yes |
| HHS Cost-reimbursable contract |
450,000 |
450,000 |
yes |
|
$525,000 |
$525,000 |
|
| Example 4: The threshold is met and an audit is required. |
|
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 5: |
|
Calculation |
|
| HHS Cost-reimbursable contract |
$400,000 |
$400,000 |
yes |
| Subgrant under HHS grant |
100,000 |
100,000 |
yes |
|
$500,000 |
$500,000 |
|
| Example 5: The threshold is met and an audit is required. |
|
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 6: |
|
Calculation |
|
| HHS Grant |
$325,000 |
$325,000 |
|
| HHS Cost-reimbursable contract |
100,000 |
100,000 |
|
| DOD Cost-reimbursable contract |
100,000 |
______0 |
|
|
$525,000 |
$425,000 |
|
| Example 6: The threshold is not met. No audit is required. |
|
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 7: |
|
Calculation |
|
| HHS Cost-reimbursable contract |
$450,000 |
$450,000 |
yes |
| DOD Cost-reimbursable contract |
100,000 |
0 |
no |
| Subgrant under HHS grant |
100,000 |
100,000 |
yes |
|
$650,000 |
$550,000 |
|
| Example 7: The threshold is met and an audit is required. |
|
| |
|
Expended
During FY |
Amt. Include
In Threshold |
Included in
Audit Scope? |
| Example 8: |
|
Calculation |
|
| HHS Cost-reimbursable contract |
$650,000 |
$650,000 |
|
| Dept of Education grant |
100,000 |
______0 |
|
|
$750,000 |
$650,000 |
|
| Example 8: An audit is not
required--no HHS grant or subgrant dollars. |