2010-239 - Laserfiche WebLink

Home Browse Search

( d) If the Recipient is a nonstate entity as defined by Section 215 . 97 , Fla . Stat . , it shall comply with the following : If the Recipient expends a total amount of State financial assistance equal to or more than $ 500 , 000 in any fiscal year of such Recipient , the Recipient must have a State single or project- specific r audit for such fiscal year in accordance with Section 215 . 97 , Fla . Stat . ; applicable rules of the Executive Office of the Governor and the Chief Financial Officer; and Chapters 10 . 550 ( local government entities ) or 10 . 650 ( nonprofit and for- profit organizations ) , Rules of the Auditor General . EXHIBIT 1 to this Agreement shows the State financial assistance awarded by this Agreement . In determining the State financial assistance expended in its fiscal year , the Recipient shall include all sources of State financial assistance , including State funds received from the Division , other state agencies , and other nonstate entities . State financial assistance does not include Federal direct or pass -through awards and resources received by a nonstate entity for Federal program matching requirements . In connection with the audit requirements addressed in this Paragraph 6 (d ) above , the Recipient shall ensure that the audit complies with the requirements of Section 215 . 97 ( 8 ) , Fla . Stat . This includes submission of a reporting package as defined by Section 215 . 97 (2 ) ( e) , Fla . Stat . and Chapters 10 . 550 ( local governmental entities) or 10 . 650 ( nonprofit and for- profit organizations) , Rules of the Auditor General . If the Recipient expends less than $ 500 , 000 in State financial assistance in its fiscal year, an audit conducted in accordance with the provisions of Section 215 . 97 , Fla . Stat , 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 , Fla . Stat , the cost of the audit must be paid from the nonstate 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 ) . Additional information on the Florida Single Audit Act may be found at the following website : http : //www. state . fl . us/fsaa/statutes . htm1 . ( e) Report Submission 1 . The annual financial audit report shall include all management letters and the Recipient' s response to all findings , including corrective actions to be taken . 2 . The annual financial audit report shall include a schedule of financial assistance specifically identifying all Agreement and other revenue by sponsoring agency and Agreement number . 3