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a . The annual financial audit report shall include all management letters and <br /> the Recipient's response to all findings , including corrective actions to be <br /> taken . <br /> b . The annual financial audit report shall include a schedule of financial <br /> assistance specifically identifying all Agreement and other revenue by <br /> sponsoring agency and Agreement number . <br /> C , The complete financial audit report , including all items specified in (d ) <br /> below, shall be sent directly to : <br /> Department of Community Affairs <br /> Office of Audit Services <br /> 2555 Shumard Oak Boulevard <br /> Tallahassee , Florida 32399 - 2100 <br /> and <br /> State of Florida Auditor General <br /> Room 401 574 , Claude Pepper Building <br /> 1 11 West Madison Street <br /> Tallahassee , Florida 32302 - 1450 <br /> d. In connection with the audit requirements addressed above, the Recipient <br /> shall ensure that the audit complies with the requirements of Section <br /> 215 .97( 7 ), Florida Statutes . This includes submission of a reporting <br /> package as defined by Section 215 . 97( 2 )(d), Florida Statutes , and Chapter <br /> 10 . 550 and 10 . 650, Rules of the Auditor General . <br /> e . If the Recipient expends less than 5300,000 in State financial assistance in <br /> its fiscal year, an audit conducted in accordance with the provisions of <br /> Section 215 . 97 , Florida Statutes , is not required . In the event that the <br /> Recipient expends less than $ 300,000 in State financial assistance in its <br /> fiscal year and elects to have an audit conducted in accordance with the <br /> provisions of Section 215 . 97 , Florida Statutes , the cost of the audit must <br /> be paid from non- State funds ( i . e . , the cost of such an audit must be paid <br /> from recipient funds obtained from other than State entities ) . <br /> 5 . In the event the audit shows that the entire funds disbursed hereunder , or any <br /> portion thereof, were not spent in accordance with the conditions of this Agreement, the <br /> Recipient shall be held liable for reimbursement to FCT of all funds not spent in accordance with <br /> these applicable regulations and Agreement provisions within thirty ( 30) days after FCT has <br /> notified the Recipient of such non -compliance . <br /> 03-084-FF3 <br /> November 18, 2003 <br /> Reimbursement Acquisition <br /> - 7 - <br />