2013-149 - Laserfiche WebLink

Home Browse Search

from non-Federal resources (i. e. , the cost of such an audit must be paid from the recipient resources obtained from other than Federal entities) . 3 . Although the audit provisions of OMB Circular A- 133 ordinarily do not apply to for-profit sub recipients , in the case of Federal funding provided by the U . S . Department of Health and Human Services , Circular A- 133 does apply. See 45 C . F.R. 74. 26 for further details . 4. A web site that provides links to several Federal Single Audit Act resources can be found at: http : / / harvester. census . g_ov / sac / sainfo . htn l PART II : STATE FUNDED This part is applicable if the recipient is a non-state entity as defined by Section 215 . 97 (2) , Florida Statutes . 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 of such recipient (for fiscal years ending September 301 2004 or thereafter) , the recipient must have a State single or project-specific audit for such fiscal year in accordance with Section 215 . 97 , F . S . ; applicable rules of the Department of Financial Services ; and Chapters 10 . 550 (local governmental entities) or 10 . 650 (nonprofit and for-profit organizations) , Rules of the Auditor General. EXHIBIT 1 to this agreement indicates state financial assistance awarded through DEC) by this agreement. In determining the state financial assistance expended in its fiscal year, the recipient shall consider all sources of state financial assistance, including state financial assistance received from DEC) , other state agencies , and other non-state entities . State financial assistance does not include Federal direct or pass-through awards and resources received by a non-state entity for Federal program matching requirements . 2 . In connection with the audit requirements addressed in Part II , paragraph 1 , the recipient shall ensure that the audit complies with the requirements of section 215 . 97 (8) , Florida Statutes . This includes submission of a financial reporting package as defined by section 215 . 97 (2) , Florida Statutes , and Chapters 10 . 550 (local governmental entities) or 10 . 650 (nonprofit and for-profit organizations) , Rules of the Auditor General. 3 . If the recipient expends less than $ 500,000 in state financial assistance in its fiscal year (for fiscal years ending September 30 , 2004 or thereafter) , an audit conducted in accordance with the provisions of section 215 . 97 , Florida Statutes , is not required. In the event that the recipient expends less than $ 500,000 in state financial assistance in its fiscal year and elects to have an audit conducted in accordance with the provisions of section 215 . 97 , F . S . , the cost of the audit must be paid from the non-state entity' s resources (i. e . , the cost of such an audit must be paid from the recipient's resources obtained from other than State entities) . 4. Additional information regarding the Florida Single Audit Act can be found at: httl2 : / /www. myflorida . com / fsaa / statutes . ht PART III : OTHER AUDIT REQUIREMENTS Page 17 of 21