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OUTSIDE AGENCY FUNDING POLICY If an agency receives $100,000 or more from Indian River County (through all sources, e.g. General Fund, Children's Services, Tourist Tax, etc.), the agency is required to have an audit completed by an independent certified public accountant at the end of the agency s fiscal year. Within,420 180 days of the end of the agency's fiscal year, the agency will , submit the audit to the Indian River County Office of Management & Budget. This fiscal exceed the three (3) months from the original due date. Prior to any change period for an organization, the County shall be notified. 10. If an agency receives a qualified opinion from it's independent auditor, this will be reported to the Board of Counly.Commissioners and funding will cease immediately. If the Budget Office has any questions regarding a part of the financial statements, audit comments, or notes, a letter requesting clarification may be sent to the agency. 4&11. Each Nonprofit Agency receiving funding in FY2017-18 will be required to execute an Indian River County grant contract. Quasi -Nonprofit Agencies: Quasi -nonprofit agencies provide services the County is mandated to provide by law, legislation, or the County's Comprehensive Plan. If these agencies did not provide such services, the County would have to provide them instead. Relationships between the County and quasi -nonprofit agencies are typically governed by contractual agreements. In addition, some quasi -nonprofit activities are funded in part by grants from state and federal governments. If a portion of this policy conflicts with such a contractual agreement or a grant requirement, then the contract or grant will supersede. A. B. Quasi-Nonproflt Agency Funding Levels If the County has entered Into a contractual agreement with a quasi -nonprofit agency, which addresses funding levels over a period of time, the contracted amounts will dictate funding. If the County receives a grant from a state, federal, or other govern mental entity, any grant requirements will dictate. A local match required for a grant will be provided as stated in an agreement. If the County provides a certain portion of a match, then allocations for the local agency will change as the required match changes. If neither a grant match is required of the County nor any agreement outlines a specified funding level, the agency's allocation will be determined in the same manneras outlined for nonprofit agencies (in Section I.C.). Quasi -Nonprofit Application for Funding Approved 2/19/02 Coding: Words/letters underscored are additions to text; words/letters in shikethfau format are deletions to text, Revision #1 Approved 11/32009 P139