Federal Uniform Guidance single audit changes, the Florida Single Audit Act, FDACS solicitation registration requirements, and the layered audit and review thresholds that apply to charitable organizations operating in Florida.
Federal single audit threshold rose from $750K to $1M for fiscal years on or after October 1, 2024. Florida's state single audit threshold stayed at $750K — creating a compliance gap.
Read postUnder F.S. 496.407, a charitable organization soliciting contributions in Florida must file an audited financial statement at $1,000,000 or more in annual contributions, a reviewed statement between $500,000 and $1,000,000, and a compiled statement between $200,000 and $500,000.
A federal Single Audit under Uniform Guidance is triggered at $1,000,000 in federal awards expended for fiscal years beginning on or after October 1, 2024, raised from $750,000. The Florida Single Audit Act under F.S. 215.97 still triggers at $750,000 in state financial assistance, so an organization can owe a state single audit before it owes a federal one.
Audit obligations turn on contribution levels and funding sources rather than the organization's label. Groups exempt from solicitation registration may still face audit requirements from grantors, lenders, or the Florida Single Audit Act. The right level depends on which thresholds and funder requirements apply.
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