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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 525-01060 <br />STATE -FUNDED GRANT AGREEMENT PROGRAM MANAGEMENT <br />102020 <br />financial reports, following up, ensuring corrective action, and issuing management decisions on <br />weaknesses found through audits when those findings pertain to state financial assistance awarded through <br />the Department by this Agreement. By entering into this Agreement, the Recipient agrees to comply and <br />cooperate fully with any monitoring procedures/processes deemed appropriate by the Department. The <br />Recipient further agrees to comply and cooperate with any inspections, reviews, investigations, or audits <br />deemed necessary by the Department, the Department of Financial Services (DFS) or the Auditor General. <br />b. The Recipient, a nonstate entity as defined by Section 215.97(2)(n), Florida Statutes, as a recipient of state <br />financial assistance awarded by the Department through this Agreement is subject to the following <br />requirements: <br />L In the event the Recipient meets the audit threshold requirements established by Section 215.97, <br />Florida Statutes, the Recipient must have a State single or project -specific audit conducted for such <br />fiscal year in accordance with Section 215.97, Florida Statutes; applicable rules of the Department <br />of Financial Services; and Chapters 10.550 (local governmental entities) or 10.650 (nonprofit and <br />for-profit organizations), Rules of the Auditor General. Exhibit "J", State Financial Assistance <br />(Florida Single Audit Act) to this Agreement indicates state financial assistance awarded through <br />the Department by this Agreement needed by the Recipient to further comply with the requirements <br />of Section 215.97, Florida Statutes. In determining the state financial assistance expended in a <br />fiscal year, the Recipient shall consider all sources of state financial assistance, including state <br />financial assistance received from the Department by this Agreement, other state agencies and <br />other nonstate entities. State financial assistance does not include Federal direct or pass-through <br />awards and resources received by a nonstate entity for Federal program matching requirements. <br />ii. In connection with the audit requirements, the Recipient shall ensure that the audit complies with <br />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 Chapters 10.550 (local <br />governmental entities) or 10.650 (nonprofit and for-profit organizations), Rules of the Auditor <br />General. <br />iii. In the event the Recipient does not meet the audit threshold requirements established by Section <br />215.97, Florida Statutes, the Recipient is exempt for such fiscal year from the state single audit <br />requirements of Section 215.97, Florida Statutes. However, the Recipient must provide a single <br />audit exemption statement to the Department at FDOTSingleAudit@dot.state.fl.us no later than <br />nine months after the end of the Recipient's audit period for each applicable audit year. In the event <br />the Recipient does not meet the audit threshold requirements established by Section 215.97, <br />Florida Statutes, in a fiscal year and elects to have an audit conducted in accordance with the <br />provisions of Section 215.97, Florida Statutes, the cost of the audit must be paid from the <br />Recipient's resources (i.e., the cost of such an audit must be paid from the Recipient's resources <br />obtained from other than State entities). <br />iv. In accordance with Chapters 10.550 (local governmental entities) or 10.650 (nonprofit and for-profit <br />organizations), Rules of the Auditor General, copies of financial reporting packages required by <br />this Agreement shall be submitted to: <br />Page 8 of 14 <br />