Deadline to respond is January 13, 2017. All 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. Foraker believes the current audit requirements are onerous and take time and money away from critical nonprofit missions. For the past two years, Foraker has prioritized the need for a change to this requirement. We have been urging the state to change the audit requirements in the following ways: To raise the State Single Audit threshold from its current $500,000 to at least $750,000 to match the federal government threshold. To build into regulations an automatic increase in the state threshold to reflect expected increases in the federal threshold. In other words, if the federal threshold goes… Read more »

