Laserfiche WebLink
43 <br />more CDSS contractors – each having one or more CDSS contracts. In <br />some cases, a subcontractor may not directly contract with the CDSS. <br />2. The organization receiving funds from the state shall be responsible for <br />obtaining the required financial and compliance audits of the organization and <br />any subcontractors, except for subcontracts exempt from CDSS review, as <br />agreed to by the Departments of Finance (DOF) and Department of General <br />Services (DGS). <br />3. The audit of the subcontract shall be submitted to the CDSS as follows: <br />a. School districts, county offices of education, community colleges, and <br />direct funded charter schools, shall submit the audit of the subcontract by <br />the fifteenth day of the fifth month following the fiscal year in which the <br />subcontracted services were performed; <br />b. All other contractors shall submit the subcontract audit along with the <br />contractor’s audit as specified Section V, paragraph A, Annual Financial <br />and Compliance Audits. <br />VII. FACILITIES AND EQUIPMENT <br />A. Facilities and Equipment Expenditures <br />Facilities and Equipment Expenditures are subdivided into two categories: <br />1. Capitalized <br />a. Buildings and Improvements: Sites; renovations and repairs of sites; <br />buildings; renovations and repairs of buildings, building fixtures, services <br />systems; and <br />b. Capitalized Equipment: Tangible personal property (including information <br />technology systems) having a useful life of more than one year and a per- <br />unit acquisition cost which equals or exceeds the lesser of the <br />capitalization level established by the contractor for financial statement <br />purposes, or $5,000. (2 CFR 200.33) <br />2. Non-capitalized <br />Non-capitalized equipment expenditures are those for tangible personal <br />property with a useful life of more than one year other than those described in <br />Capitalized Equipment above. <br />B. Buildings and Improvements (5 CCR 18034(h)) <br />1. Buildings are only reimbursable as depreciation or use allowance.