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Audits reports : Recipients of Federal and State Funds are to have audits done annually <br /> using the following criteria: <br /> Federal awards are to be identified using the catalog of Federal Domestic Assistance title • <br /> and number, award number and year, and name of the awarding federal agency. In the <br /> even that a receipient expends $300,000 or more in federal awards in its fiscal year, the <br /> recipient must have a single or program specific audit conducted in accordance with the ' <br /> United States Office of Management and Budget Circular A- 133 . <br /> If a receipient expends less than $300,000 in federal awards during its fiscal year, an ' <br /> audit conducted in accordance with the OMB Circular A- 133 is not required. If a <br /> recipient expends less than $300,000 in federal awards during its fiscal year and elects to <br /> have an audit conducted in accordance with the OMB Circular A- 133 , the cost of the <br /> audit must be paid from non-federal funds. <br /> Reporting packages and management letters generated from audits conducted in <br /> accordance OMB Circular A- 133 shall be submitted to the awarding FDOT office, by the <br /> recipient, within 30 days of receiving it. The aforementioned items are to be received by <br /> the appropriate FDOT office no later than 9 months after the end of the recipient' s fiscal <br /> year. <br /> r <br /> • <br /> ■ <br /> • <br />