Laserfiche WebLink
Federal Office of Management and Budget Circulars Index <br /> http : //www . whitehouse . gov/omb/grants/index . htmI - circulars <br /> Governor' s Office Initiatives, Florida Single Audit Act <br /> http ://www. myflori da. com/my florida/government/goyemori nitiatives/fsaa/ <br /> State of Florida Legislature ( Statutes, Legislation relating to the Florida Single Audit Act) <br /> http ://www . leiz. state . fl . us/ <br /> PART 11 : STATE FUNDED <br /> This part is applicable if the recipient is a nonstate entity as defined by Section 215 . 97(2)( 1 ), Florida Statutes . <br /> 1 . In the event that the recipient expends a total amount of state financial assistance equal to or in excess <br /> of <br /> $500 ,000 in any fiscal year of such recipient, the recipient must have a State single or project-specific audit <br /> for such fiscal year in accordance with Section 215 . 97, Florida Statutes ; applicable rules of the Executive <br /> Office of the Governor and the Chief Financial Officer; and Chapters 10 . 550 ( local governmental entities) <br /> or 10 .650 (nonprofit and for-profit organizations), Rules of the Auditor General . EXHIBIT 1 to this <br /> agreement indicates state financial assistance awarded through the Department of State by this agreement . <br /> In determining the state financial assistance expended in its fiscal year, the recipient shall consider <br /> all <br /> sources of state financial assistance, including state financial assistance received from the Department of <br /> State, other state agencies, and other nonstate entities . State financial assistance does not include Federal <br /> direct or pass-through awards and resources received by a nonstate entity for Federal program matching <br /> requirements . <br /> 2 . In connection with the audit requirements addressed in Part 1I , paragraph 1 , the recipient shall ensure that <br /> the audit complies with the requirements of Section 215 .97(7), Florida Statutes . This includes submission <br /> of a financial reporting package as defined by Section 215 . 97(2 )(d), Florida Statutes , and Chapters 10 . 550 <br /> ( local governmental entities) or 10 .650 (nonprofit and for-profit organizations), Rules of the Auditor <br /> General . <br /> 1 If the recipient expends less than $ 500 ,000 in state financial assistance in its fiscal year, an audit conducted <br /> in accordance with the provisions of Section 215 . 97, Florida Statutes , is not required . In the event that the <br /> recipient expends less than $ 500 ,000 in state financial assistance in its fiscal year and elects to have <br /> an <br /> audit conducted in accordance with the provisions of Section 215 .97 , Florida Statutes, the cost of the audit <br /> must be paid from the nonstate entity ' s resources ( i . e . , the cost of such an audit must be paid <br /> from the <br /> recipient ' s resources obtained from other than State entities) . <br />