Get Bgrantee/b Audit Certification &amp Federal Expenditure Disclosure (gacfed)

The BGrantee/b Audit Certification & Federal Expenditure Disclosure (GACFED) is a crucial document for organizations receiving federal funds. This guide provides detailed instructions on how to accurately complete the GACFED form online, ensuring compliance and facilitating proper financial reporting.

Follow the steps to fill out the GACFED form online.

1. Press the ‘Get Form’ button to access the GACFED form and open it for editing. Ensure you have the necessary information readily available to complete the form.
2. In section A, enter the name of the grantee and the fiscal year end date in the format of month, day, and year.
3. Proceed to section B, where you will indicate your federal expenditure status. Select one of the following options based on your organization’s circumstances: a) If you have exceeded the $500,000 federal expenditure threshold, state that you will contract with a CPA firm for the required audit, and note the deadlines for submitting the audit report. b) If you have not exceeded the $500,000 threshold, indicate this and disclose the required federal awards and expenditures in section C. c) If you only received state funding and did not exceed the threshold, state so.
4. In section C, list all federal awards and expenditures. Include the federal agency, any pass-through grantor, program name with CFDA number, grant number, grant revenues, and grant expenditures. If necessary, attach additional pages for complete disclosure.
5. In section D, ensure that the form is signed by an eligible individual, such as the executive director or chief financial officer. Fill in the printed name, title, signature, and date of signing.
6. Finally, submit the completed GACFED form within 60 days after the end of your fiscal year to the specified WV DHHR address. You may also wish to save changes, download, or print the form for your records.

Complete the GACFED and other required documents online to ensure regulatory compliance.