31 C.F.R. § 205.5 What are the thresholds for major Federal assistance programs?
Title 31 - Money and Finance: Treasury
(a) Table A of this section defines major Federal assistance programs based on the dollar amount of an individual Federal assistance program and the dollar amount of all Federal assistance being received by a State for all Federal assistance programs including non-cash programs. A State must locate the appropriate row in Column A based upon the total amount of Federal assistance received. In that same row, a State must apply the percentage from Column B to the dollar value of all its Federal assistance programs to determine the State's threshold for major Federal assistance programs. For example, if the total amount received by a State for all Federal assistance programs is $50 million, then that State's threshold for major Federal assistance programs is 6% of $50 million or $3 million. A State which receives more than $10 billion under Federal assistance programs will have a minimum default threshold of $60 million. (b) To ensure adequate coverage of all State programs, a State must, on an annual basis, compare its program coverage using the percentage obtained from Table A to the program coverage which would result using a percentage which is half of the percentage obtained from Table A. For example, a State receiving $1 billion in Federal Assistance would use Table A to learn that its threshold level would be .60 percent of $1 billion. A State would compare program coverage at .60 percent of $1 billion to program coverage at .30 percent of $1 billion. (c) If the comparison conducted under paragraph (b) of this section results in a reduction of program coverage that is greater than 10%, a State must lower its threshold, or add programs, until the difference is less than or equal to 10%. (d) In accordance with §205.3(b), a State may lower its threshold to include additional programs. All of a State's programs that meet this lower threshold would be subject to this subpart A. (e) Unless specified otherwise, major Federal assistance programs must be determined from the most recent Single Audit data available.
Title 31: Money and Finance: Treasury
PART 205—RULES AND PROCEDURES FOR EFFICIENT FEDERAL-STATE FUNDS TRANSFERS
Subpart A—Rules Applicable to Federal Assistance Programs Included in a Treasury-State Agreement
§ 205.5 What are the thresholds for major Federal assistance programs?
Table A to § 205.5------------------------------------------------------------------------ Column B Major Federal Column A Total amount of Federal Assistance Program means any Assistance for all programs per State: Federal assistance program that exceed these levels:------------------------------------------------------------------------Between zero and $100 million inclusive 6.00 percent of the total amount of Federal assistance.Over $100 million but less than or 0.60 percent of the total equal to $10 billion. amount of Federal assistance.Over $10 billion....................... The greater of 0.30 percent of the total Federal assistance of $60 million.------------------------------------------------------------------------
Browse Previous |
Browse Next
