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organ cation , or for - profit organization that receives <br /> state resources . Recipient means a Ncnstat � entity <br /> that receives state financial assistance directly from <br /> a state awarding agency . <br /> B . In the event that the Recipient expends a total amount <br /> of state financial assistance equal to or in excess of <br /> $ 300 , 000 in any fiscal year of such Recipient , the <br /> Recipient must have a state single or project - specific <br /> audit conducted for such fiscal year in accordance <br /> with Section 215 . 97 , F . S . , applicable rules of the <br /> Executive Office of the Governor , rules of the <br /> Comptroller , and Chapter 10 . 600 , rules of tie Auditor <br /> General . In determining the state financia <br /> assistance expended in its fiscal year , the ' Rec .ipient <br /> shall consider all sources of state financiELI <br /> assistance , including state funds received from this <br /> Department resource , except that state financial <br /> assistance received by a Nonstate entity for federal <br /> financial assistance and state matching requirements <br /> shall be excluded from consideration . <br /> Co Audits conducted pursuant to Section 215 . 97 , F . S . , <br /> shall be : ( 1 ) performed annually , and ( 2 ) conducted by <br /> independent auditors in accordance with auditing <br /> standards as stated in rules of the Auditor General . <br /> D . Regardless of the amount of the state financial <br /> assistance , the provisions of Section 215 . 971 , F . S . , do <br /> not exempt a Nonstate entity from compliancewith <br /> provisions of law relating to maintaining records <br /> concerning state financial assistance to such Nonstate <br /> entity or allowing access and examination of those <br /> records by the state awarding agency , the Comptroller , <br /> or the Auditor General . <br /> E . If the Nonstate entity does not meet the threshold <br /> requiring the state single audit , such NonstAte entity <br /> must meet terms and conditions specified inhis <br /> written agreement with the state awarding a ncy . <br /> F . Each state awarding agency shall . <br /> ( 1 ) 'Provide to a Recipient , information nee ed by the <br /> Recipient to comply with the requiremeni� s of <br /> Section 215 . 97 , F . S . <br />