[Federal Register Volume 62, Number 90 (Friday, May 9, 1997)]
[Notices]
[Page 25620]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-12189]


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FEDERAL EMERGENCY MANAGEMENT AGENCY


The National Board Fiscal Year 1997 Plan for Carrying Out the 
Emergency Food and Shelter Program (EFSP); Correction

AGENCY: Federal Emergency Management Agency (FEMA).

ACTION: Correction to Notice.

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SUMMARY: This document contains corrections to the Notice published 
Tuesday, April 1, 1997, 62 FR 15482--15516.

EFFECTIVE DATE: April 15, 1997.

FOR FURTHER INFORMATION CONTACT: Carolyn Coleman, Federal Emergency 
Management Agency, 500 C Street SW., Washington DC 20472, (202) 646-
3107.

SUPPLEMENTARY INFORMATION:

Background

    The EFSP Notice did not include the current threshold that triggers 
audit requirements under OMB Circular A-133, resulting from the Single 
Audit Act of 1996 (31 U.S.C. 7501). The Single Audit Act increased the 
threshold triggering audit requirements for non-Federal entities to 
$300,000 for those non-Federal entities' fiscal years beginning after 
June 30, 1996.

Need for Correction

    The correction is necessary to add the new threshold above which 
non-Federal entities are required to meet audit requirements under the 
Single Audit Act and OMB Circular A-133.

Correction of Publication

    Accordingly, the EFSP Notice published April 1, 1997, is corrected 
as follows:
    1. On page 15485, in the third column, in Section 5.0, paragraph 
(a)(11) is revised to read:

5.0  Local Boards' Role and Responsibilities

* * * * *
    (11) Local Boards are responsible for monitoring LROs that expend 
over $100,000 (or over $300,000 for fiscal years beginning after June 
30, 1996) in a year in Federal awards and ensuring that they comply 
with OMB Circular A-133.
    2. On page 15487, in the third column, Sec. 6.1, paragraph (b)(3), 
the second paragraph is amended to read:

6.1  Independent Annual Audit Requirements

* * * * *
    (b) * * *
    (3) * * *
    In addition to the above requirements, any LRO expending $100,000 
or more (or $300,000 or more for fiscal years beginning after June 30, 
1996) in a year in combined Federal awards must have an audit conducted 
in accordance with OMB Circular A-133, as applicable.
* * * * *
    Dated: April 30, 1997.
Kay C. Goss,
Associate Director, Preparedness, Training and Exercise Directorate.
[FR Doc. 97-12189 Filed 5-8-97; 8:45 am]
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