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Attachment I Audit Requirements 4. Title 2 C.F R. part 200, entitled Uniform Administrative Requirements, Cort Prinaples and Audit Requirements for Federal Anardr, also known as the Super Circular, supersedes and consolidates the requirements of OMB Circulars A-21, A-87, A-110, A-122, A-89, A-102 and A-133 and is effective for Federal awards or increments of awards issued�on or after December 26, 2014 Please refer to 2 C.F.R. part 200 for revised definitions, reporting requirements and auditing thresholds referenced in this attachment and agreement accordingly Part IL• State Funded This part is applicable if the recipient is a non-state entity as defined by Section 215.97(2), Florida Statutes. i 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 30, 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 DEO 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 DEO, 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: http://w-w-w.mvflorida.com/audgen/pages/flsaa.htm Rev. 09/03/2015 34