The Office of Management and Budget (OMB) Uniform Guidance Subpart F requires an annual external audit of nonprofits receiving federal funds. A sample of federal awards and their direct cost transactions are selected for testing (auditing) to determine that expenditures and procedures were appropriate, allowable, and allocable to the award. Specifically, that they were the following:
- In accordance with sponsor terms and conditions
- In accordance with OMB Uniform Administrative Requirements (Subpart D)
- In accordance with the OMB Uniform Cost Principles (Subpart E)
Each of the following reports includes RUSH consolidated financial statements, the Uniform Guidance for Federal Awards (formerly OMB Circular A-133) supplementary report and the independent auditors reports for that fiscal year.