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IN MUNNINNOWIV <br /> or audit by state personnel and other personnel duly authorized by the Department. " Reasonable " <br /> shall be construed according to circumstances, but ordinarily shall mean normal bu iness hours of <br /> 8 : 00 a . m . to 5 : 00 p .m . , local time , Monday through Friday . <br /> (c) The Recipient shall also provide the Department with the rec rds, reports or <br /> financial statements upon request for the purposes of auditing and monitoring the rids awarded <br /> under this Agreement . <br /> (d) If the Recipient is a nonstate entity as defined by Section 215 . 97 , Florida <br /> Statutes , it shall comply with the following : <br /> In the event that the Recipient expends a total amount of State financial ass stance equal to <br /> or in excess of $ 500, 000 in any fiscal year of such Recipient, the Recipient must have a State <br /> single or project-specific audit for such fiscal year in accordance with Section 215 . 7 , Florida <br /> Statutes ; applicable rules of the Executive Office of the Governor and the Comptro ler; and <br /> Chapters 10 . 550 (local government entities) or 10 . 650 (nonprofit and for-profit org nizations) , <br /> Rules of the Auditor General . EXHIBIT 1 to this Agreement indicates State financ al assistance <br /> awarded through the Department by this Agreement. In determining the State finar. cial assistance <br /> expended in its fiscal year, the Recipient shall consider all sources of State financia assistance, <br /> including State funds received from the Department, other state agencies , and other nonstate <br /> entities . State financial assistance does not include Federal direct or pass -through awards and <br /> resources received by a nonstate entity for Federal program matching requirements <br /> In connection with the audit requirements addressed in this Paragraph 6 (d) above, the <br /> Recipient shall ensure that the audit complies with the requirements of Section 215 97 (7) , Florida <br /> Statutes . This includes submission of a reporting package as defined by Section 215 . 97 (2) (d) , <br /> Florida Statutes , and Chapters 10 . 550 (local governmental entities) or 10 . 650 (nonprofit and for- <br /> profit organizations) , Rules of the Auditor General . <br /> If the Recipient expends less than $ 500 , 000 in State financial assistance in its fiscal year, <br /> an audit conducted in accordance with the provisions of Section 215 . 97 , Florida Statutes , is not <br /> required . In the event that the Recipient expends less than $ 500 , 000 in state financial assistance in <br /> its fiscal year and elects to have an audit conducted in accordance with the provisions of Section <br /> 215 . 97 , Florida Statutes , the cost of the audit must be paid from the nonstate entity ' s resources <br /> (i . e . , the cost of such an audit must be paid from the Recipient ' s resources obtained from other <br /> than State entities - <br /> (e) Report Submission <br /> 1 . The annual financial audit report shall include all management letters <br /> and the Recipient' s response to all findings , including corrective actions to be taken. <br /> 2 . The annual financial audit report shall include a schedule of financial <br /> assistance specifically identifying all Agreement and other revenue by sponsoring agency and <br /> Agreement number. <br /> 6 <br />