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​USDA DELAYS IMPLEMENTATION OF 2019 REVISED COMPLIANCE SUPPLEMENT FOR CFDAS 10.766/10.780

Entities that did not have new expenditures under 10.766/10.780 (as defined by 2 CFE 200.502(b)) during FY 2019 will not have to report 10.766/10.780 awards on the SEFA for FY 2019.

ANNOUNCEMENT ON NOT NEEDING TO NOTIFY SPD ABOUT LOW-RISK DESIGNATION

Public and non-profit institutions participating in the Title IV programs that submit a Single Audit that does not include the Student Financial Assistance Cluster as a major program are not required to notify their respective School Participation Division of any low-risk designation for fiscal years ending within calendar year 2019 and future fiscal years.

GREAT ACT PASSES SENATE

Of note is a provision that would amend the Single Audit Act to require single audits and audit-related information to be reported in a form consistent with the data standards established by the act.

IMPROVING STATE GOVERNMENT

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FEATURED PUBLICATION

NASACT and other government associations have partnered to develop 2019 State and Local Fiscal Facts, providing accurate information about the conditions of state and local finances, municipal bonds and state and local pensions.