2006-293E. - Laserfiche WebLink

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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