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725-03606
<br />PUBLIC TRANSPORTATION
<br />OGC • 1/14
<br />6.61 Monitoring: In addition to reviews of audits conducted in accordance with OMB Circular A-133 as revised and Page 4of,4
<br />Section 215.97, Florida Statutes, (see "Audits" below), monitoring procedures may include, but not be limited to, on-site
<br />visits by Department staff, limited scope audits as defined by OMB Circular A-133 as revised, and/or other procedures.
<br />The Agency agrees to comply and cooperate fully with any monitoring procedures/processes deemed appropriate by the
<br />Department. In the event the Department determines that a limited scope audit of the Agency is appropriate, the Agency
<br />agrees to comply with any additional instructions provided by the Department staff to the Agency regarding such audit.
<br />The Agency further agrees to comply and cooperate with any inspections, reviews, investigations, or audits deemed
<br />necessary by FDOTs Office of Inspector General (OIG) and Florida's Chief Financial Officer (CFO) or Auditor General.
<br />6.62 Audits:
<br />Part I Federally Funded: If the Agency is a state, local government, or non-profit organizations as defined in OMB
<br />Circular A-133 and a recipient of federal funds, the following annual audit criteria will apply:
<br />1. In the event that the recipient expends $500,000 or more in Federal awards in its fiscal year, the recipient must
<br />have a single or program -specific audit conducted in accordance with the provisions of OMB Circular A-133, as revised.
<br />Exhibit "D" to this agreement indicates Federal resources awarded through the Department by this agreement. In
<br />determining the Federal awards expended in its fiscal year, the recipient shall consider all sources of Federal awards,
<br />including Federal resources received from the Department. The determination of amounts of Federal awards expended
<br />should be in accordance with the guidelines established by OMB Circular A-133, as revised. An audit of the recipient
<br />conducted by the Auditor General in accordance with the provisions OMB Circular A-133, as revised, will meet the
<br />requirements of this part.
<br />2. In connection with the audit requirements addressed in Part I, Paragraph 1., the recipient shall fulfill the
<br />requirements relative to auditee responsibilities as provided in Subpart C of OMB Circular A-133.
<br />3. If the recipient expends less than the amount in Part I, Paragraph 1., an audit conducted in accordance with the
<br />provisions of OMB Circular A-133, is not required. If the recipient elects to conduct such an audit, the cost of the audit
<br />must be paid from resources obtained from other than Federal entities.
<br />4. Federal awards are to be identified using the Catalog of Federal Domestic Assistance (CFDA) title and number,
<br />award number and year, and name of the awarding federal agency.
<br />Part II State Funded: If the Agency is a nonstate entity as defined by Section 215.97(2)(m), Florida Statutes, and
<br />a recipient of state funds, the following annual audit criteria will apply:
<br />1. In the event that the recipient expends a total amount of state financial assistance equal to or in excess of $500,
<br />000 in any fiscal year, the recipient must have a State single or project -specific audit for such fiscal year in accordance
<br />with Section 215.97, Florida Statutes; applicable rules of the Department of Financial Services and the CFO; and Chapters
<br />10.550 (local governmental entities) or 10.650 (nonprofit and for-profit organizations), Rules of the Auditor General.
<br />Exhibit "D" to this agreement indicates state financial assistance awarded through the Department by this agreement. In
<br />determining the state financial assistance expended in its fiscal year, the recipient shall consider all sources of state
<br />financial assistance, including state financial assistance received from the Department, other state agencies, and other
<br />nonstate entities. State financial assistance does not include Federal direct or pass-through awards and resources
<br />received by a nonstate entity for Federal program matching requirements.
<br />2. In connection with the audit requirements addressed in Part II, Paragraph 1., the recipient shall ensure that the
<br />audit complies with the requirements of Section 215.97(8), Florida Statutes. This includes submission of a financial
<br />reporting package as defined by Section 215.97(2)(e), Florida Statutes, and Chapter 10.550 (local govemmental entities)
<br />or 10.650 (nonprofit and for-profit organizations), Rules of the Auditor General.
<br />3. If the recipient expends less than the amount in Part II, Paragraph 1., such audit is not required. If the recipient
<br />elects to conduct such an audit, the cost of the audit must be paid from the recipient's resources obtained from nonstate
<br />entities.
<br />4. State awards are to be identified using the Catalog of State Financial Assistance (CSFA) title and number,
<br />award number and year, and name of the state agency awarding it.
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