2016-120 - Laserfiche WebLink

Home Browse Search

A TRUE COPY CERTIFICATION ON LAST PAGE J.R. SMITH, CLERK PUBLIC TRANSPORTATION 725P-030-06 UBUC PUBLIC JOINT PARTICIPATION AGREEMENT MkNISPORTAMN OGC—06!1016 Page 6 of 17 vii. The Department's contact information for requirements under this part is as follows. Office of Comptroller, MS 24 605 Suwannee Street Tallahassee, Florida 32399-0450 FDOTS ingleAuditna.dot.state.fl.us 2. State Funded a) In addition to reviews of audits conducted in accordance with Section 215 97, Florida Statutes,monitoring procedures to monitor the Agency's use of state financial assistance may include but not be limited to on- site visits by Department staff and/or other procedures including, reviewing any required performance and financial reports, following up, ensuring corrective action, and issuing management decisions on weaknesses found through audits when those findings pertain to state financial assistance awarded through the Department by this Agreement.By entering into this Agreement,the Agency agrees to comply and cooperate fully with any monitoring procedures/processes deemed appropriate by the Department. The Agency further agrees to comply and cooperate with any inspections, reviews, investigations, or audits deemed necessary by the Department, the Department of Financial Services (DFS) or State of Florida Auditor General. b) The Agency, a nonstate entity as defined by Section 215 97(2)(m), Florida Statutes,as a recipient of state financial assistance awarded by the Department through this Agreement is subject to the following requirements i. In the event the Agency meets the audit threshold requirements established by Section 215 97, Florida Statutes, the Agency must have a State single or project-specific audit conducted for such fiscal year in accordance with Section 215.97, Florida Statutes;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 A, B. C & D to this Agreement indicates state financial assistance awarded through the Department by this Agreement needed by the Agency to further comply with the requirements of Section 215 97, Florida Statutes In determining the state financial assistance expended in a fiscal year,the Agency shall consider all sources of state financial assistance,including state financial assistance received from the Department by this Agreement, 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 ii. In connection with the audit requirements, the Agency 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)(e), Florida Statutes,and Chapters 10 550 (local governmental entities) or 10 650 (nonprofit and for-profit organizations), Rules of the Auditor General iii. In the event the Agency does not meet the audit threshold requirements established by Section 215 97, Florida Statutes, the Agency is exempt for such fiscal year from the state single audit requirements of Section 215.97, Florida Statutes However, the Agency must provide a single audit exemption statement to the Department at F DOTS i ng leAud it(cD-dot.state.fl.us no laterthan nine months after the end of the Agency's audit period for each applicable audit year. In the event the Agency does not meet the audit threshold requirements established by Section 215 97, Florida Statutes, in a fiscal year and