In response to changes issued by the U.S. Office of Management and Budget (OMB) to federal single audit requirements in April 2024, the staff of the Local Government Commission (LGC) has made adjustments to the State Single Audit Implementation Act, effective for fiscal years ending on or after June 30, 2026.
Changes to State Single Audit requirements are summarized as follows:
- The threshold for a State Single Audit will increase to $1,000,000 from $500,000.
- The threshold to determine a major state program will increase to $1,000,000 from $500,000.
A memo detailing these changes and discussing other key revisions in the federal Uniform Guidance will be published by LGC staff soon. A follow-up announcement will be posted to this blog when the memo is released.