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FORM 725.030 o8 PUBUC TRANSP ADMIN-07/00 P"o4of12 7.60 Audit.Reports: 1. Al award number, and year,and name of the federal agency. State funded grl federal awards are to be identified using the Catalog of Federal Domestic Assistance (CFDA)title and number, Financial Project Number(FPN), contract number,and Catalog of State Finants are to be identified with the ancial Assistance (CSFB) numbers. 2. Audits shall be conducted under the guidelines of A-133, Section 215.97, Florida Statutes, and Chapter 10.600, Rules of the Auditor General. 3. For fiscal years beginning after June 30, 1998,the reporting to be submitted within the earlier of 30 days after the receipt oft a auditor's report,aora 9 months after thecollectn formsyend of the subrecipient's(Agency's)fiscal year. The date the audit report was delivered to the subrecipient(Agency) must be indicated by the subrecipient(Agency)in correspondence accompanying the audit report, or reporting package, and data collection form. 4. The Agency shall-follow up and take corrective action on audit findings. A-133 further requires the preparation of a summary schedule of prior audit findings and a corrective action plan for current year audit findings. 5. Project records shall be retained and available for at least three years after the final payment. Records related to unresolved audit findings, appeals, or litigation shall be retained until the action is completed or the dispute is resolved. Reports of audits conducted in accordance with OMB Circular A-133, and corresponding data collection forms shall be sent to: Federal Audit Clearinghouse Bureau of the Census 1201 East 10th Street Jefferson, IN 47132 and the District Public Transportation Office identified in paragraph 8.10 of this agreement. Reports of audits conducted in accordance with Section 215.97, Florida Statutes, and Chapter 10.600 Rules of the Auditor General shall be sent to: State of Florida Auditor General P.O. Box 1735 Tallahassee, FL-32302-1735 and the District Public Transportation Office identified in paragraph 8.10 of this agreement. 7.70 Insurance: Execution of this Joint Participation Agreement constitutes a certification that the Agency,has and will maintain the ability to repair or replace any project equipment or facilities in the event of loss or damage due to any accident or casualty for the useful life of such equipment or facilities. In the event of the loss of such equipment or facilities,the Agency shall either replace the equipment or facilities or reimburse the Department to the extent of its interest in the lost equipment or facility: In the event this Agreement is for purchase of land or for the construction of infrastructure such as airport runways the Department may waive or modify this section with an Exhibit"C". 8.00 Requisitions and Payments: