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Single Audit

The Single Audit is required by the Office of Management and Budget and is an audit or examination of a non-federal entity that expends $750,000 or more of federal funds in one year.  The objective of the Single Audit is to provide assurance to the federal government that federal funds are expended properly. This audit is not done annually, it is only done when the Village receives $750,000 or more from the federal government.