For Governments That Expend Less Than $25 Million of Federal

Multiple Choice

For governments that expend less than $25 million of federal awards during a year, each federal program for which it expended $750,000 or more is

A) Always treated as a major federal program.
B) Treated as a major federal program if it is a high risk Type B program.
C) Treated as a major federal program if it has not been audited as a major program in either of the two previous years.
D) Treated as a major federal program only if needed to meet the 40% test.