SB 1473
Initials SJ/AC Page 1 House Engrossed
ARIZONA HOUSE OF REPRESENTATIVES
Fifty-sixth Legislature
Second Regular Session
Senate: GOV DP 4-2-2-0 | 3
rd
Read 16-12-2-0
House: GOV DP 5-4-0-0
SB 1473: agencies; single audit reports; penalty
Sponsor: Senator Kern, LD 27
House Engrossed
Overview
Outlines penalties for state agencies that submit a Schedule of Expenditures of Federal
Awards (SEFA) late.
History
The Single Audit Act of 1984 establishes requirements for audits of states, local governments
and Indian tribal governments that expend over $750,000 in federal awards during one fiscal
year. As part of a single audit, states, local governments and Indian tribal governments are
required to prepare a SEFA, note disclosures, corrective action plans and a summary
schedule of prior audit findings. A SEFA can include but is not limited to financial statement
numbers, federal agency assistance listings numbers, program names and other information
not typically found in the general ledger.
Provisions
1. Stipulates a penalty of 1% of the amount of federal monies received annually by a state
agency for every 30 days an agency required to comply with federal single audit
requirements is late in submitting a SEFA to the Auditor General. (Sec. 1)
2. Mandates that if a state agency submits a SEFA late:
a) the Auditor General must notify the State Treasurer of the amount of the penalty;
and
b) the State Treasurer must withhold the penalty from a state agency's appropriation
for the following fiscal year. (Sec. 1)
☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal Note