One of our public policy priorities for the past two years has been to bring much-needed change to the state’s single audit regulations. Foraker staff and the public policy committee have devoted significant time to this effort. And that work has paid off. While we did not see all the adjustments we felt were needed, the state did make changes that will help save time and money for many Alaska nonprofits. By way of background – Alaska nonprofits that receive at least $500,000 in grant funds from the state in a fiscal year are required to file a State Single Audit. In comments submitted to the state earlier this year, Foraker said that the $500,000 threshold was onerous and diverted resources from critical nonprofit missions. We urged the state to… Read more »

