West Virginia Code of State Rules › Agency 155 - Auditor › Title 155 - PROCEDURAL RULE STATE AUDITOR › Series 155-09 - Accountability Requirements for State Funds and Grants › Section 155-9-2 - Definitions

Current through Register Vol. XLI, No. 28, July 12, 2024
2.1. "Agreed
				upon procedures engagement" means an agreement between a grantee or subgrantee
				and an independent certified public accountant to prepare a report required
				under this section, where the grantor who awarded the state grant is required
				to agree to the procedures performed in addition to the grantee or subgrantee
				and the independent certified public accountant performing the
				engagement.
2.2. "Examination
				engagement" means an agreement between a grantee or subgrantee and an
				independent certified public accountant to prepare a report required under this
				section, where the independent certified public accountant makes all judgements
				on the extent of testing necessary in order for said independent certified
				public accountant to render his or her opinion as to whether the state grants
				were spent as intended.
2.3
				"Person" includes any spending unit, local government, corporation,
				partnership, association, individual, or other legal entity.
2.4. "Receipts" means the amount of state
				grants actually received by a grantee within a State fiscal year.
2.5. "State grant" means funding provided by
				a state spending unit, regardless of the original source of the funds, to a
				person upon application for a specific purpose. With regard to the amount of
				state grant funds which require compliance with this section, the receipt or
				disbursement of state grants means the amount of state grant funds actually
				received by a grantee within a State fiscal year, and does not mean the total
				amount of state grants awarded but not yet paid out to a grantee within a State
				fiscal year. The term "state grant" does not include:
(A) payments for goods and services purchased
				by a state spending unit;
(B)
				compensation to state employees and public officials;
(C) reimbursements to state employees and
				public officials for travel or incidental expenses;
(D) grants of student aid;
(E) government transfer payments;
(F) direct benefits provided under state
				insurance and welfare programs;
(G)
				funds reimbursed to a person for expenditures made for qualified purposes when
				receipts for the expenditures are required prior to receiving the funds, and
				where the receipts for the expenditures evidence that the person has actually
				expended the funds for a good or service and not merely taken possession of the
				good or received the service: Provided, That notwithstanding the provisions of
				this subdivision, funding provided pursuant to W.Va. Code §
										5B-2-12 is
				included within the term "state grant";
(H) retirement benefits; and
(I) federal pass-through funds that are
				subject to the federal Single Audit Act Amendments of 1996,
				31
				U. S. C. 7501, et seq.
(J) formula distributions to volunteer and
				part-volunteer fire departments made pursuant to W. Va. Code ''33-3-14d,
				33-3-33, and 33-12C-7 or money received from the Fire Service Equipment and
				Training Fund as provided in §
										29-3-5
				f of this code.