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725-030-06
<br /> PUBLIC TRANSPORTATION
<br /> OGC-1/14
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<br /> 6.61 Monitoring: In addition to reviews of audits conducted in accordance with OMB Circular A-133 as revised and
<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 FDOT's 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 ll, 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 governmental 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 ll, 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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