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to DEM , its employees , and agents . 'Reasonable" shall be construed according to the circumstances but ordinarily shall mean during normal business hours of 8 :00 a .m . to 5: 00 p .m . , local time, on Monday through Friday. "Agents" shall include , but not be limited to , auditors retained by DEM . (6 ) AUDIT REQUIREMENTS (a) The Recipient agrees to maintain financial procedures and support documents , in accordance with generally accepted accounting principles , to account for the receipt and expenditure of funds under this Agreement. (b) These records shall be available at all reasonable times for inspection , review, or audit by state personnel and other personnel duly authorized by DEM . 'Reasonable" shall be construed according to circumstances , but ordinarily shall mean normal business hours of 8 : 00 a.m . to 5: 00 p . m . , local time , Monday through Friday. (c) The Recipient shall also provide DEM and the Department with the records , reports or financial statements upon request for the purposes of auditing and monitoring the funds awarded under this Agreement. (d ) If the Recipient is a State or local government or a non-profit organization as defined in OMB Circular A- 133 , as revised , and in the event that the Recipient expends $500 ,000 or more in Federal awards in its fiscal year, the Recipient must have a single or program-specific audit conducted in accordance with the provisions of OMB Circular A- 133 , as revised . EXHIBIT 1 to this Agreement indicates Federal resources awarded through DEM by this Agreement. In determining the Federal awards expended in its fiscal year, the Recipient shall consider all sources of Federal awards , including Federal resources received from DEM . The determination of amounts of Federal awards expended should be in accordance with the guidelines established by OMB Circular A- 133 , as revised . An audit of the Recipient conducted by the Auditor General in accordance with the provisions of OMB Circular A- 133 , as revised , will meet the requirements of this paragraph . In connection with the audit requirements addressed in this Paragraph 6 (d ) above , the Recipient shall fulfill the requirements relative to auditee responsibilities as provided in Subpart C of OMB Circular A- 133 , as revised . If the Recipient expends less than $ 500 , 000 in Federal awards in its fiscal year, an audit conducted in accordance with the provisions of OMB Circular A-133 , as revised , is not required . In the 3