9 CRR-NY 298.12NY-CRR

OFFICIAL COMPILATION OF CODES, RULES AND REGULATIONS OF THE STATE OF NEW YORK
TITLE 9. EXECUTIVE DEPARTMENT
SUBTITLE G. OFFICE OF GENERAL SERVICES
CHAPTER III. DIVISION OF CENTRAL OPERATIONS
SUBCHAPTER D. BUREAU OF FEDERAL PROPERTY ASSISTANCE
PART 298. FEDERAL SURPLUS PROPERTY
9 CRR-NY 298.12
9 CRR-NY 298.12
298.12 Audits.
(a) An internal audit of the operations and financial affairs of the SASP shall occur on a periodic basis, but no less frequently than every two years. Such audit shall be conducted by the Office of General Services Internal Audit Unit.
(b) In accordance with FMR 102-37.345 through 102-37.355, for each year in which the SASP receives $500,000 or more a year in surplus property or other Federal assistance, it must be audited in accordance with the Single Audit Act (31 U.S.C. 7501-7607) as implemented by Office of Management and Budget (OMB) Circular A-133, (audits of States, Local Governments, and Non-Profit Organizations). It must also furnish GSA a copy of any Single Audit Act report on the SASP, along with any necessary corrective action steps, or minimally, the audit report page that identifies the donation program, number 39.003, as being included in the total Federal financial assistance figure.
(c) If the SASP donates $500,000 or more to a (single) donee in a fiscal year, the SASP must ensure that the donee has an audit performed in accordance with Circular A-133. Otherwise, the SASP is not expected to assume responsibility for ensuring the donee meets audit requirements.
(d) If an external audit is conducted pursuant to Circular A-133, the SASP shall immediately upon completion, furnish the GSA regional office with:
(1) two copies of any audit report made pursuant to the circular, or with two copies of those sections that pertain to the Federal Donation Program; and
(2) an outline of all corrective actions taken with respect to any exceptions or violations indicated by the audit and scheduled completion dates for actions. It is agreed that GSA may, for appropriate reasons, conduct its own audit of the SASP following due notice to the Governor of the reasons for such audit, and may visit the SASP for purposes of reviewing the SASP's administrative and operational procedures and records.
(e) Financial records and all other books and records of the SASP shall be available for inspection by representatives of GSA, the general accounting office or other authorized Federal agencies.
9 CRR-NY 298.12
Current through March 31, 2021
End of Document