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of <br />• <br />C1 <br />40 <br />C. The complete financial audit report, including all items specified in <br />(12)(d) 1 and 2 above, shall be sent directly to: <br />Department of Community Affairs <br />Office of Audit Services <br />2555 Shumard Oak Boulevard <br />Tallahassee, Florida 32399-2100 <br />and <br />State of Florida Auditor General <br />Attn: Ted J Sauerbeck <br />Room 574, Claude Pepper Building <br />111 West Madison Street <br />Tallahassee, Florida 32302-1450 <br />d. In connection with the audit requirements addressed above, the <br />Recipient <br />shall ensure that the audit complies with the requirements of Section 215.97(7), <br />Florida Statutes. This includes submission of a reporting package as defined by <br />Section 215.97(2)(d), Florida Statutes, and Chapter 10.600, Rules of the Auditor <br />General. <br />e. If the Recipient expends less than $300,000 in State financial assistance <br />In <br />its fiscal year, an audit conducted in accordance with the provisions of Section <br />215.97, Florida Statutes, is not required. In the event that the Recipient <br />expends less than $300,000 in State financial assistance in its fiscal year and <br />elects to have an audit conducted in accordance with the provisions of Section <br />215.97, Florida Statutes, the cost of the audit must be paid from non -State <br />funds (i.e., the cost of such an audit must be paid from recipient funds obtained <br />from other than State entities). <br />5. In the event the audit shows that the entire funds disbursed hereunder, <br />or any portion thereof, were not spent in accordance with the conditions of this <br />Agreement, the Recipient shall be held liable for reimbursement to FCT of all funds not <br />spent in accordance with these applicable regulations and Agreement provisions within <br />thirty (30) days after FCT has notified the Recipient of such non-compliance. <br />6. The Recipient shall retain all financial records, supporting documents, <br />statistical records, and any other documents pertinent to this contract for a period of <br />three 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 period, <br />the records shall be retained until the litigation or audit findings have been resolved. <br />CAA 2 / 99-074-P9A <br />8/25/00 Page 3 of 4 <br />