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725-030-06
<br /> PUBLIC TRANSPORTATION
<br /> OGC-12/14
<br /> Page 4 o114
<br /> Part I Federally Funded:
<br /> 1. In addition to reviews of audits conducted in accordance with OMB Circular A-133, for fiscal years
<br /> beginning before December 26, 2014, and in accordance with 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal
<br /> years beginning on or after December 26, 2014, monitoring procedures may include but not be limited to on-site visits by
<br /> Department staff and/or other procedures including, reviewing any required performance and financial reports, following
<br /> up, ensuring corrective action, and issuing management decisions on weaknesses found through audits when those
<br /> findings pertain to Federal awards provided through the Department by this Agreement. By entering into this Agreement,
<br /> the Agency agrees to comply and cooperate fully with any monitoring procedures/processes deemed appropriate by the
<br /> Department. The Agency further agrees to comply and cooperate with any inspections, reviews, investigations, or audits
<br /> deemed necessary by the Department, State of Florida Chief Financial Officer(CFO)or State of Florida Auditor General.
<br /> 2. The Agency, a non-Federal entity as defined by OMB Circular A-133, for fiscal years beginning before
<br /> December 26, 2014, and as defined by 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or
<br /> after December 26, 2014, as a subrecipient of a Federal award awarded by the Department through this Agreement is
<br /> subject to the following requirements:
<br /> a. In the event the Agency expends a total amount of Federal awards equal to or in excess of the threshold
<br /> established by OMB Circular A-133, for fiscal years beginning before December 26, 2014, and established by
<br /> 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or after December 26, 2014,
<br /> the Agency must have a Federal single or programspecific audit conducted for such fiscal year in accordance
<br /> with the provisions of OMB Circular A-133, for fiscal years beginning before December 26, 2014, and in
<br /> accordance with the provisions of 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning
<br /> on or after December 26, 2014. Exhibit to this Agreement provides the required
<br /> Federal award identification information needed by the Agency to further comply with the requirements of
<br /> OMB Circular A-133, for fiscal years beginning before December 26, 2014, and the requirements of 2 CFR
<br /> Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or after December 26, 2014. In
<br /> determining Federal awards expended in a fiscal year,the Agency must consider all sources of Federal
<br /> awards based on when the activity related to the Federal award occurs, including the Federal award provided
<br /> through the Department by this Agreement. The determination of amounts of Federal awards expended
<br /> should be in accordance with the guidelines established by OMB Circular A-133, for fiscal years beginning
<br /> before December 26, 2014, and established by 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal
<br /> years beginning on or after December 26, 2014. An audit conducted by the State of Florida Auditor General in
<br /> accordance with the provisions of OMB Circular A-133, for fiscal years beginning before December 26, 2014,
<br /> and in accordance with 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or
<br /> after December 26, 2014,will meet the requirements of this part.
<br /> b. In connection with the audit requirements,the Agency shall fulfill the requirements relative to the auditee
<br /> responsibilities as provided in OMB Circular A-133, for fiscal years beginning before December 26, 2014, and
<br /> as provided in 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or after
<br /> December 26, 2014.
<br /> c. In the event the Agency expends less than the threshold established by OMB Circular A-133, for fiscal years
<br /> beginning before December 26, 2014, and established by 2 CFR Part 200, Subpart F-Audit Requirements,
<br /> for fiscal years beginning on or after December 26,2014, in Federal awards,the Agency is exempt from
<br /> Federal audit requirements for that fiscal year. However, the Agency must provide a single audit exemption
<br /> statement to the Department at FDOTSingleAudit@dot.state.fl.us no later than nine months after the end of
<br /> the Agency's audit period for each applicable audit year. In the event the Agency expends less than the
<br /> threshold established by OMB Circular A-133, for fiscal years beginning before December 26, 2014, and
<br /> established by 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or after
<br /> December 26, 2014, in Federal awards in a fiscal year and elects to have an audit conducted in accordance
<br /> with the provisions of OMB Circular A-133, for fiscal years beginning before December 26, 2014, and in
<br /> accordance with 2 CFR Part 200, Subpart F-Audit Requirements, for fiscal years beginning on or after
<br /> December 26, 2014, the cost of the audit must be paid from non-Federal resources (i.e.,the cost of such an
<br /> audit must be paid from the Agency's resources obtained from other than Federal entities).
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