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federal resources awarded under this Agreement. <br />(d) If the Recipient is a State or local government or a non-profit organization as <br />defined in OMB Circular A-133, as revised, and in the event that the Recipient <br />expends $300,000 or more in Federal awards in its fiscal year, the Recipient must <br />have a single or program -specific audit conducted in accordance with the <br />provisions of OMB Circular A-133, as revised. EXHIBIT I to this Agreement <br />indicates Federal resources awarded through the DMS by this Agreement. In <br />determining the Federal awards expended in its fiscal year, the Recipient shall <br />consider all sources of Federal awards, including Federal resources received from <br />the DMS. The determination of amounts of Federal awards expended should be <br />in accordance with the guidelines established by OMB Circular A-133, as revised. <br />An audit of the Recipient conducted by the Auditor General in accordance with <br />the provisions of OMB Circular A-133, as revised, will meet the requirements of <br />this paragraph. <br />In connection with the audit requirements addressed in Paragraph 10(d) above, the <br />Recipient shall fulfill the requirements relative to auditee responsibilities as <br />provided in Subpart C of OMB Circular A-133, as revised. <br />If the Recipient expends less than $300,000 in Federal awards in its fiscal year, an <br />audit conducted in accordance with the provisions of OMB Circular A-133, as <br />revised, is not required. In the event that the Recipient expends less than <br />$300,000 in Federal awards in its fiscal year and elects to have an audit conducted <br />in accordance with the provisions of OMB Circular A-133, as revised, the cost of <br />the audit must be paid from non -Federal resources (i.e., the cost of such audit <br />must be paid from Recipient resources obtained from other than Federal entities). <br />(e) Copies of reporting packages for audits conducted in accordance with OMB <br />Circular A-133, as revised, and required by Subparagraph (d) above shall be <br />submitted, when required by Section .320 (d), OMB Circular A-133, as revised, <br />11410 <br />