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El <br />4W <br />4D <br />received by a nonstate entity for Federal program matching <br />requirements shall be excluded from consideration. The funding <br />for this Agreement was received by the Department as a Grant and <br />Aid appropriation. <br />In connection with the audit requirements addressed in (A) above, <br />the Recipient shall ensure that the audit complies with the <br />requirements of Section 216.3491(7), Florida Statutes. This <br />includes submission of a reporting package as defined by Section <br />216.3491(2)(d), Florida Statutes, and Chapter 10.600, Rules of the <br />Auditor General. <br />6. If the Recipient expends less than $300,000 in State awards in its <br />fiscal year, an audit conducted in accordance with the provisions of <br />Section 216.3491, Florida Statutes, is not required. In the event <br />that the Recipient expends less than $300,000 in State awards in its <br />fiscal year and elects to have an audit conducted in accordance <br />with the provisions of Section 216.3491, Florida Statutes, the cost. <br />of the audit must be paid from non -State funds (i.e., the cost of <br />such an audit must be paid from recipient funds obtained from <br />other than State entities). <br />B. In the event the audit shows that the entire funds disbursed hereunder, or any <br />portion thereof, were not spent in accordance with the conditions of this <br />Agreement, the Recipient shall be held liable for reimbursement to the <br />Department of all funds not spent in accordance with these applicable regulations <br />and Agreement provisions within thirty (30) days after the Department has <br />notified the Recipient of such non-compliance. <br />C. The Recipient shall retain all financial records, supporting documents, statistical <br />records, and any other documents pertinent to this contract for a period of three <br />years after the date of submission of the final expenditures report. However, if <br />litigation or an audit has been initiated prior to the expiration of the three-year <br />period, the records shall be retained until the litigation or audit findings have been <br />resolved. <br />D. The Recipient shall have all audits completed in accordance with 216.3491, Fla. <br />Stat, by an independent certified public accountant (IPA) who shall either be a <br />certified public accowttant or a public accountant licensed under Chapter 473, EL,1 <br />Stat. The IPA shall state that the audit complied with the applicable provisions <br />noted above. <br />23 <br />