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( b ) These records shall be available at reasonable times for inspection , review, or audit <br /> by state personnel and other personnel authorized by the Department or the Division . " Reasonable" shall <br /> ordinarily mean normal business hours of 8: 00 a . m . to 5 : 00 p. m . , local time , Monday through Friday . <br /> ( c ) The Recipient shall provide the Department with the records , reports or financial <br /> statements upon request for the purposes of auditing and monitoring the funds awarded under this <br /> Agreement . <br /> ( d ) If the Recipient is a nonstate entity as defined by Section 215 . 97 , Fla . Stat. , it shall comply <br /> with the following : <br /> If the Recipient expends a total amount of State financial assistance equal to or more than <br /> $ 500, 000 in any fiscal year of such Recipient , the Recipient must have a State single or project-specific <br /> audit for such fiscal year in accordance with Section 215 . 97 , Fla . Stat. ; applicable rules of the Executive <br /> Office of the Governor and the Chief Financial Officer; and Chapters 10 . 550 ( local government entities ) or <br /> 10 . 650 ( nonprofit and for- profit organizations ) , Rules of the Auditor General . EXHIBIT 1 to this <br /> Agreement shows the State financial assistance awarded by this Agreement. In determining the State <br /> financial assistance expended in its fiscal year, the Recipient shall include all sources of State financial <br /> assistance , including State funds received from the Division , other state agencies , and other nonstate <br /> entities. State financial assistance does not include Federal direct or pass-through awards and resources <br /> 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 Recipient <br /> shall ensure that the audit complies with the requirements of Section 215 . 97( 8 ) , Fla . Stat . This includes <br /> submission of a reporting package as defined by Section 215 . 97 ( 2 )( e ) , Fla . Stat. and Chapters 10 . 550 <br /> ( local governmental entities) or 10. 650 ( nonprofit and for-profit organizations ) , Rules of the Auditor <br /> General . <br /> If the Recipient expends less than $ 500 , 000 in State financial assistance in its fiscal year, an <br /> audit conducted in accordance with the provisions of Section 215 . 97 , Fla . Stat , is not required . In the <br /> event that the Recipient expends less than $ 500, 000 in state financial assistance in its fiscal year and <br /> elects to have an audit conducted in accordance with the provisions of Section 215 . 97, Fla . Stat , the cost <br /> of the audit must be paid from the nonstate entity' s resources ( i . e . , the cost of such an audit must be paid <br /> from the Recipient' s resources obtained from other than State entities) . Additional information on the <br /> Florida Single Audit Act maybe found at the following website: http: //www. state . fl . us/fsaa/statutes . html . <br /> ( e ) Report Submission <br /> 1 . The annual financial audit report shall include all management letters and the <br /> 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 Agreement <br /> number. <br /> 5 <br />