Single Audits for schools
Greywood CPA performs Single Audits for private schools, education nonprofits and training organizations that spend $1,000,000 or more in federal awards in a fiscal year. We are a licensed CPA firm (Virginia Board of Accountancy firm license #134961) working nationwide, at a fixed fee.
The $1,000,000 threshold applies to fiscal years beginning on or after October 1, 2024, and includes federal money received directly and money passed through a state agency or another organization. The reporting package is due to the Federal Audit Clearinghouse within 30 days after you receive the auditor's reports or 9 months after year-end, whichever is earlier.
Last reviewed: November 2026
Total every federal dollar your school or organization spent in the fiscal year, from every source. At $1,000,000 or more, you need a Single Audit for that year.
| Program | Typical recipients |
|---|---|
| Child nutrition programs (school lunch and breakfast) passed through the state | Private schools with food service programs |
| Workforce Innovation and Opportunity Act (WIOA) grants | Training and workforce development nonprofits |
| AmeriCorps and national service grants | Tutoring, mentoring and education service nonprofits |
| Other federal education and youth grants | After-school, literacy and youth development nonprofits |
Each program's rules are set in the annual federal Compliance Supplement, which decides what we test.
For each major program, we test the compliance requirements that apply. In education programs, findings most often come from:
We also report on internal control over compliance and audit your financial statements under Government Auditing Standards.
Programs with $1,000,000 or more in expenditures are Type A for organizations spending up to $34 million in federal awards, and are the main candidates for in-depth testing. Smaller Type B programs are selected based on risk. Organizations with two clean years in a row can qualify as low-risk auditees, which reduces how much is tested.
The reporting package includes your financial statements, the schedule of expenditures of federal awards (SEFA), the auditor's reports, findings and your corrective action plan. It is submitted to the Federal Audit Clearinghouse with a data collection form. We help you prepare the SEFA and support the submission.
A 30-minute call about your organization, who needs the report and your deadline.
Scope, report type, timeline and one fixed fee, in writing.
Everything we need, uploaded through a secure portal.
Remote testing, then a draft for your review.
A CPA partner signs, and we walk you or your board through the results.
Only if they spend $1,000,000 or more in federal awards in a fiscal year. Food service programs, workforce grants and other federal grants passed through a state all count toward that total.
Federal child nutrition reimbursements passed through your state are federal awards, so they count toward the $1,000,000 threshold.
The reporting package is due within 30 days after you receive the auditor's reports or 9 months after your fiscal year-end, whichever comes first.
You are exempt from the federal Single Audit that year, but your grant agreements, state rules, accreditor or lenders may still require a financial statement audit.
We quote one fixed fee in writing before any work starts, based on your size, the number of federal programs and how many are tested as major programs.
Send us your list of federal grants. A senior CPA will confirm your requirement and send a fixed-fee proposal within 1–3 business days.