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STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION Form 725-000-01 <br />PUBLIC TRANSPORTATION STRATEGIC <br />DEVELOPMENT <br />GRANT AGREEMENT OGc02/20 <br />assistance awarded through the Department by this Agreement needed by the <br />Agency to further comply with the requirements of Section 215.97, Florida Statutes. <br />In determining the state financial assistance expended in a fiscal year, the Agency <br />shall consider all sources of state financial assistance, including state financial <br />assistance received from the Department by this Agreement, other state agencies, <br />and other nonstate entities. State financial assistance does not include Federal direct <br />or pass-through awards and resources received by a nonstate entity for Federal <br />program matching requirements. <br />ii. In connection with the audit requirements, the Agency shall ensure that the audit <br />complies with the requirements of Section 215.97(8), Florida Statutes. This includes <br />submission of a financial reporting package as defined by Section 215.97(2)(e), <br />Florida Statutes, and Chapters 10.550 (local governmental entities) or 10.650 <br />(nonprofit and for-profit organizations), Rules of the Auditor General. <br />iii. In the event the Agency does not meet the audit threshold requirements established <br />by Section 215.97, Florida Statutes, the Agency is exempt for such fiscal year from <br />the state single audit requirements of Section 215.97, Florida Statutes. However, the <br />Agency must provide a single audit exemption statement to the Department at <br />FDOTSincileAudit(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 does <br />not meet the audit threshold requirements established by Section 215.97, Florida <br />Statutes, in a fiscal year and elects to have an audit conducted in accordance with <br />the provisions of Section 215.97, Florida Statutes, the cost of the audit must be paid <br />from the Agency's resources (i.e., the cost of such an audit must be paid from the <br />Agency's resources obtained from other than State entities). <br />iv. In accordance with Chapters 10.550 (local governmental entities) or 10.650 <br />(nonprofit and for-profit organizations), Rules of the Auditor General, copies of <br />financial reporting packages required by this Agreement shall be submitted to: <br />Florida Department of Transportation <br />Office of Comptroller, MS 24 <br />605 Suwannee Street <br />Tallahassee, Florida 32399-0405 <br />FDOTSingleAudit(Ddot.state.fl.us <br />And <br />State of Florida Auditor General <br />Local Government Audits/342 <br />111 West Madison Street, Room 401 <br />Tallahassee, FL 32399-1450 <br />Email: flaudgen localgovt(@aud.state.fl.us <br />V. Any copies of financial reporting packages, reports, or other information required to <br />be submitted to the Department shall be submitted timely in accordance with Section <br />215.97, Florida Statutes, and Chapters 10.550 (local governmental entities) or <br />10.650 (nonprofit and for-profit organizations), Rules of the Auditor General, as <br />applicable. <br />vi. The Agency, when submitting financial reporting packages to the Department for <br />audits done in accordance with Chapters 10.550 (local governmental entities) or <br />10.650 (nonprofit and for-profit organizations), Rules of the Auditor General, should <br />indicate the date the reporting package was delivered to the Agency in <br />correspondence accompanying the reporting package. <br />11 of 25 <br />