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725-030-06
<br />PUBLIC TRANSPORTATION
<br />OGC - 12/14
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<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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