Q: Do I have to do an independent audit if appendix k funds for covid put me over the $1, 500, 000 limit?
I own an llc providing services for the developmentally disabled through dhhs in Nebraska
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A: In Nebraska, if your LLC received more than $1,500,000 in federal funds, such as the COVID-19 relief funds mentioned in Appendix K, you may be subject to additional reporting and auditing requirements. These requirements can vary based on the specific terms and conditions of the funding you received and any federal regulations associated with it. For personalized legal advice tailored to your unique circumstances, it's advisable to consult with an attorney.
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