Utah Code 63J-5-301. Definitions
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As used in this part:
(1) “Federal receipts” means the federal financial assistance, as defined in 31 U.S.C. § 7501, that is reported as part of a single audit.
Terms Used In Utah Code 63J-5-301
- Agency: includes :(1)(a)(ii)(A) executive branch entities;(1)(a)(ii)(B) judicial branch entities; and(1)(a)(ii)(C) the State Board of Education. See Utah Code 63J-5-102
- Federal receipts: means the federal financial assistance, as defined in Utah Code 63J-5-301
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Single audit: means the same as that term is defined in Utah Code 63J-5-301
(2) “Qualifying agency” means an agency that, in a single fiscal year, has federal receipts composing more than 33% of the agency’s total budget.(3) “Single audit” means the same as that term is defined in 31 U.S.C. § 7501.