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STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION Form 725000.01 <br />PUBLIC TRANSPORTATION STRATEGIC <br />DEVELOPMENT <br />GRANT AGREEMENT OGc 09118 <br />inspections, reviews, investigations, or audits deemed necessary by the Department, State of <br />Florida Chief Financial Officer (CFO), or State of Florida Auditor General. <br />b. The Agency, a non -Federal entity as defined by 2 CFR Part 200, Subpart F — Audit <br />Requirements, as a subrecipient of a Federal award awarded by the Department through this <br />Agreement, is subject to the following requirements: <br />In the event the Agency expends a total amount of Federal awards equal to or in <br />excess of the threshold established by 2 CFR Part 200, Subpart F — Audit <br />Requirements, the Agency must have a Federal single or program -specific audit <br />conducted for such fiscal year in accordance with the provisions of 2 CFR Part 200, <br />Subpart F — Audit Requirements. Exhibit "G", Financial Assistance (Single Audit <br />Act), to this Agreement provides the required Federal award identification information <br />needed by the Agency to further comply with the requirements of 2 CFR Part 200, <br />Subpart F — Audit Requirements. In determining Federal awards expended in a fiscal <br />year, the Agency must consider all sources of Federal awards based on when the <br />activity related to the Federal award occurs, including the Federal award provided <br />through the Department by this Agreement. The determination of amounts of Federal <br />awards expended should be in accordance with the guidelines established by 2 CFR <br />Part 200, Subpart F — Audit Requirements. An audit conducted by the State of Florida <br />Auditor General in accordance with the provisions of 2 CFR Part 200, Subpart F — <br />Audit Requirements, will meet the requirements of this part. <br />ii. In connection with the audit requirements, the Agency shall fulfill the requirements <br />relative to the auditee responsibilities as provided in 2 CFR Part 200, Subpart F — <br />Audit Requirements. <br />iii. In the event the Agency expends less than the threshold established by 2 CFR Part <br />200, Subpart F — Audit Requirements, in Federal awards, the Agency is exempt from <br />Federal audit requirements for that fiscal year. However, the Agency must provide a <br />single audit exemption statement to the Department at <br />FDOTSingleAudit(a�dot.state.fl.us no later than nine months after the end of the <br />Agency's audit period for each applicable audit year. In the event the Agency expends <br />less than the threshold established by 2 CFR Part 200, Subpart F — Audit <br />Requirements, in Federal awards in a fiscal year and elects to have an audit <br />conducted in accordance with the provisions of 2 CFR Part 200, Subpart F — Audit <br />Requirements, the cost of the audit must be paid from non -Federal resources (i.e., the <br />cost of such an audit must be paid from the Agency's resources obtained from other <br />than Federal entities). <br />iv. The Agency must electronically submit to the Federal Audit Clearinghouse (FAC) at <br />htti)s://harvester.census.gov/facweb/ the audit reporting package as required by 2 <br />CFR Part 200, Subpart F — Audit Requirements, within the earlier of 30 calendar days <br />after receipt of the auditor's report(s) or nine months after the end of the audit period. <br />The FAC is the repository of record for audits required by 2 CFR Part 200, Subpart F <br />— Audit Requirements. However, the Department requires a copy of the audit reporting <br />package also be submitted to FDOTS ingleAudit(a.dot.state.fl.us within the earlier of <br />30 calendar days after receipt of the auditor's report(s) or nine months after the end <br />of the audit period as required by 2 CFR Part 200, Subpart F — Audit Requirements. <br />v. Within six months of acceptance of the audit report by the FAC, the Department will <br />review the Agency's audit reporting package, including corrective action plans and <br />management letters, to the extent necessary to determine whether timely and <br />appropriate action on all deficiencies has been taken pertaining to the Federal award <br />provided through the Department by this Agreement. If the Agency fails to have an <br />audit conducted in accordance with 2 CFR Part 200, Subpart F — Audit Requirements, <br />9of25 <br />