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40 <br />ti <br />CI <br />E. No waiver by the Department of any right or remedy granted hereunder or failure <br />to insist on strict performance by the Recipient shall affect or extend or act as a <br />waiver of any other right or remedy of the Department hereunder, or affect the <br />subsequent exercise of the same right or remedy by the Department for any further <br />or subsequent default by the Recipient. Any power of approval or disapproval <br />granted to the Department under the terms of this Agreement shall survive the <br />terms and life of this Agreement as a whole. <br />More than one copy of this Agreement may be executed. Any copy with original <br />signatures may be considered an original. <br />X. AUDIT REOUIR>;,MENTS <br />A. The Recipient agrees to maintain financial procedures and support documents, in <br />accordance with generally accepted accounting principles, to account for the <br />receipt and expenditure of funds under this Agreement. <br />B. These records shall be available at all reasonable times for inspection, review, or <br />audit by state personnel and odber personnel duly authorized by the Department. <br />"Reasonable" shall be construed according to circumstances, but ordinarily shall <br />mean normal business hours of 8:00 a.m. to 5:00 p.m., local time, Monday <br />through Friday. <br />C. The Recipient shall also provide the Department with the records, reports or <br />financial statements upon request for the purposes of auditing and monitoring the <br />funds awarded under this Agreement. <br />D. In the event that the Recipient expends State awards (i.e., State of Florida <br />financial assistance provided to Recipient to carry out a State project) from all <br />state_govenunent sources equal to or in excess of $300,000 in total in any fiscal <br />year of such Recipient, the Recipient must have a State single or project -specific <br />audit for such fiscal year in accordance with Section 216.3491, Florida Statutes <br />and with applicable rules of the Executive Office of the Governor and the <br />Comptroller, and Chapter 10.600, Rules of the Auditor General. <br />Specific instructions relating to the information needed, format and organization, <br />timelines andlor deadlines, will be provided to the Recipient by the Department following <br />receipt of further guidance from the Office of the Auditor General. See Attachment G for <br />further anticipated audit requirements. <br />