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• • organization, or for-profit organization c._at ~= - state resources. Recipient means a Nonsta=e entity that receives state financial assistance directly from a state awarding agency. • B . In the event that the Recipient expends a total ano.nt of state financial assistance equal to or in excess of $300,000 in any fiscal year of such Recipient, the Recipient must- have a state single or project-=:="'fic audit conducted for such fiscal year in accordance with Section 215.97, F.S., applicable rules of to Executive Office of the Governor, .rules of the Comptroller, and Chapter 10.600, rules of the Auditor G eneral. In determining the state financial assistance expended in its fiscal year, the Recipient shall consider all sources of state financial assistance, including state funds received from this D epartment resource, except that state financial assistance received by a Nonstate entity for federal financial assistance and state matching requirements shall be excluded from consideration. C. Audits conducted pursuant to Section 215.97, F.S., shall be: (1) performed annually, and (2) conducted by independent auditors in accordance with auditing standards as stated in rules of the Auditor General. D Regardless of the amount of the state financial assistance, the provisions of Section 215.97, F.S., do not exempt a Nonstate entity from compliance with provisions of law relating to maintaining records concerning state financial assistance to such Nonstate entity or allowing access and examination of those ✓ ecords by the state awarding agency, the Comptroller, o r the Auditor General. E If the Nonstate entity does not meet the threshed ✓ equiring the state single audit, such Nonstate entity must meet terms and conditions specified in this written agreement with the state awarding agency. F. Each state awarding agency shall: (1) Provide to a Recipient, information needed by the Recipient to comply with the requirements of Section 215.97, F.S. 4