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EXHIBIT " A" FEDERAL AND/OR STATE FUNDED CONTRACTS The administration of resources awarded by the Department to INDIAN RIVER COUNTY may be subject to audits and / or monitoring by the Department , as described in this section . MONITORING In addition to reviews of audits conducted in accordance with OMB Circular A- 133 and Section 215 . 97 , F . S . , as revised (see "AUDITS " below ) , monitoring procedures may include , but not be limited to , on - site visits by Department staff, limited scope audits as defined by OMB Circular A- 133 , as revised , and / or other procedures . By entering into this agreement , the recipient agrees to comply and cooperate fully with any monitoring procedures / processes deemed appropriate by the Department . In the event the Department determines that a limited scope audit of the recipient is appropriate , the recipient agrees to comply with any additional instructions provided by the Department staff to INDIAN RIVER COUNTY regarding such audit . INDIAN RIVER COUNTY further agrees to comply and cooperate with any inspections , reviews , investigations , or audits deemed necessary by the FDOT ' s Office of Inspector General (OIG ) and Florida ' s Chief Financial Officer (CFO ) or Auditor General . AUDITS PART I : FEDERALLY FUNDED Recipients of federal funds (i . e . state , local government , or non - profit organizations as defined in OMB Circular A- 133 , as revised ) are to have audits done annually using the following criteria : 1 . In the event that the recipient expends $ 500 , 000 or more in Federal awards in its fiscal year , the recipient must have a single or program - specific audit conducted in accordance with the provisions of OMB Circular A- 133 , as revised . This agreement indicates Federal resources awarded through the Department by this agreement . In determining the Federal awards expended in its fiscal year , the recipient shall consider all sources of Federal awards , including Federal resources received from the Department . The determination of amounts of Federal awards expended should be in accordance with the guidelines established by OMB Circular A- 133 , as revised . An audit of the recipient conducted by the Auditor General in accordance with the provisions OMB Circular A- 133 , as revised , will meet the requirements of this part . 2 . In connection with the audit requirements addressed in Part I , paragraph 1 . , the recipient shall fulfill the requirements relative to auditee responsibilities as provided in Subpart C of OMB Circular A- 133 , as revised . 3 . If the recipient expends less than $ 500 , 000 in Federal awards in its fiscal year , an audit conducted in accordance with the provisions of OMB Circular A- 133 , as revised , is not required . However , if the recipient elects to have an audit conducted in accordance with the provisions of OMB Circular A- 133 , as revised , the cost of the audit must be paid from non - Federal resources (i . e . , the cost of such an audit must be paid from recipient resources obtained from other than Federal entities ) . 4 . Federal awards are to be identified using the Catalog of Federal Domestic Assistance ( CFDA ) title and number , award number and year , and name of the awarding federal agency . PART II : STATE FUNDED Recipients of state funds (i . e . a nonstate entity as defined by Section 215 . 97 ( 2 ) ( 1 ) , Florida Statutes ) are to have audits done annually using the following criteria : 1 . 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 , 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 Department of Financial Services and the CFO ; and Chapters 10 . 550 ( local governmental entities ) or