Get the free OMB CIRCULAR A-133 OMB Standard Forms - agc-ca

The AGC Santa Clara District Invites You To The 2011 Barbecue Mixer! http://www.agcca.org/events.aspx?id10403 Date: Wednesday, September 21, 2011, Where: The Santa Clara Elks Lodge 1680 Martin Ave.,

How to fill out omb circular a-133 omb

How to fill out OMB Circular A-133 OMB:

1. Familiarize yourself with the requirements: Before filling out OMB Circular A-133, it is essential to understand the specific requirements stated in the circular. Review the document thoroughly to ensure you have a clear understanding of what is expected.
2. Gather relevant documentation: Collect all the necessary documents required for completing the OMB Circular A-133 form. This may include financial statements, audit reports, and other supporting documents as specified in the circular.
3. Complete the identification section: Start by providing the required information in the identification section of the form. Fill in the organization's name, address, federal ID number, and any other requested details accurately.
4. Provide financial information: Enter the relevant financial information requested in the form. This might include details such as the organization's total assets and liabilities, revenue sources, and any federal financial assistance received.
5. Address compliance questions: Answer the compliance questions provided in the OMB Circular A-133 form. These questions typically pertain to internal controls, financial management systems, and compliance with laws and regulations.
6. Attach supporting documentation: Attach the necessary supporting documents as required by the circular. These documents should validate the information provided and help substantiate your compliance with the circular's requirements.
7. Review and sign the form: Before submitting the form, carefully review all the information provided to ensure accuracy and completeness. Once satisfied, sign the form as required, indicating your acknowledgment of the information provided.

Who needs OMB Circular A-133 OMB?

1. Organizations that receive federal funding: OMB Circular A-133 is primarily required for organizations that receive federal financial assistance. This includes state and local governments, educational institutions, nonprofit organizations, and other entities that receive federal grants, loans, or cooperative agreements.
2. Entities subject to audit requirements: The circular applies to organizations that expend $750,000 or more in federal funds within their fiscal year. These entities must adhere to the audit requirements outlined in OMB Circular A-133 to ensure accountability and transparency in the use of federal funds.
3. Entities aiming for compliance and best practices: Even if not legally required, organizations and entities that want to uphold best practices, financial accountability, and transparency may voluntarily adhere to the guidelines provided in OMB Circular A-133. This demonstrates a commitment to responsible fiscal management and can enhance an organization's reputation and credibility.

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