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(c) The Recipient shall also provide the Division with the records , reports or financial statements upon request for the purposes of auditing and monitoring the funds awarded under this Agreement. (d) If the Recipient is a nonstate entity as defined by Section 215 . 97, Florida Statutes, it shall comply with the following: In the event that the Recipient expends a total amount of State financial assistance equal to or in excess of $ 500, 000 in any fiscal year of such Recipient, the Recipient must have a State single or project-specific audit for such fiscal year in accordance with Section 215 . 97, Florida Statutes; applicable rules of the Executive Office of the Governor and the Comptroller; and Chapters 10. 550 (local government entities) or 10. 650 (nonprofit and for-profit organizations), Rules of the Auditor General. EXHIBIT 1 to this Agreement indicates State financial assistance awarded through the Division by this Agreement. In determining the State financial assistance expended in its fiscal year, the Recipient shall consider all sources of State financial assistance, including State funds received from the Division, other state agencies, and other nonstate entities. State financial assistance does not include Federal direct or pass-through awards and resources received by a nonstate entity for Federal program matching requirements . In connection with the audit requirements addressed in this Paragraph 6(d) above, the Recipient shall ensure that the audit complies with the requirements of Section 215 .97(7), Florida Statutes . This includes submission of a reporting package as defined by Section 215 . 97(2)(d), Florida Statutes, and Chapters 10 .550 (local governmental entities) or 10 . 650 (nonprofit and for- profit organizations) , Rules of the Auditor General. If the Recipient expends less than $ 500, 000 in State financial assistance in its fiscal year, an audit conducted in accordance with the provisions of Section 215 . 97, Florida Statutes is not required. In the event that the Recipient expends less than $500,000 in state financial assistance in its fiscal year and elects to have an audit conducted in accordance with the provisions of Section 215 .97, Florida Statutes, the cost of the audit must be paid from the nonstate entity' s resources (i . e. , the cost of such an audit must be paid from the Recipient' s resources obtained from other than State entities . Additional information on the Florida Single Audit Act may be found at the following website : http ://www. state. fl .us/fsaa/statutes.html . (e) Report Submission 1 . The annual financial audit report shall include all management letters and the Recipient's response to all findings, including corrective actions to be taken. 2. The annual financial audit report shall include a schedule of financial assistance specifically identifying all Agreement and other revenue by sponsoring agency and Agreement number. 6