|
STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 525-010-40
<br /> PRODUCTION SUPPORT
<br /> LOCAL AGENCY PROGRAM AGREEMENT 02/09
<br /> Page 4
<br /> The administration of resources awarded by the Department to the Agency may be subject to audits and /or monitoring by
<br /> the Department , as described in this section .
<br /> Monitoring : In addition to reviews of audits conducted in accordance with OMB Circular A- 133 and
<br />Section 215 . 97 ,
<br /> Florida Statutes , as revised ( see "Audits " below) , monitoring procedures may include , but not be limited
<br />to , on -site visits
<br /> by Department staff, limited scope audits as defined by OMB Circular A- 133 , as revised , and/or other
<br /> procedures . By
<br /> entering into this Agreement , the recipient agrees to comply and cooperate fully with any monitoring
<br /> procedures/ processes deemed appropriate by the Department . In the event the Department determines that a limited
<br /> scope audit of the recipient is appropriate , the recipient agrees to comply with any additional instructions provided
<br /> by the
<br /> Department staff to the Agency regarding such audit . The Agency further agrees to comply and cooperate
<br /> with any
<br /> inspections , reviews , investigations or audits deemed necessary by the FDOT ' s Office of Inspector General ( OIG
<br />) , and
<br /> the Chief Financial Officer ( CFO ) or Auditor General .
<br /> Audits
<br /> Part I - Federally Funded : Recipients of federal funds ( i . e . , state , local government or non
<br />- profit organizations as
<br /> defined in OMB Circular A- 133 , as revised ) are to have audits done annually using the following criteria :
<br /> 1 . In the event that the recipient expends $ 500 , 000 or more in federal awards in its fiscal year ,
<br /> the recipient must
<br /> have a single or program -specific audit conducted in accordance with the provisions of OMB Circular A- 133 ,
<br />as
<br /> revised . Exhibit 1 " of this Agreement indicates federal resources awarded through the Department
<br /> by this
<br /> Agreement . In determining the federal awards expended in its fiscal year , the recipient shall consider all sources
<br /> of federal awards , including federal resources received from the Department . The determination of amounts of
<br /> federal awards expended should be in accordance with the guidelines established by OMB Circular A- 133 ,
<br /> as
<br /> revised . An audit of the recipient conducted by the Auditor General in accordance with the provisions
<br /> OMB
<br /> Circular A- 133 , as revised , will meet the requirements of this part .
<br /> 2 . In connection with the audit requirements addressed in Part I , paragraph 1 the recipient shall fulfill the
<br /> requirements relative to auditee responsibilities as provided in Subpart C of OMB Circular A- 133 , as revised .
<br /> 3 . If the recipient expends less than $ 500 , 000 in federal awards in its fiscal year , an audit conducted
<br /> in accordance
<br /> with the provisions of OMB Circular A- 133 , as revised , is not required . However, if the recipient elects to have
<br /> an
<br /> audit conducted in accordance with the provisions of OMB Circular A- 133 , as revised , the cost of the audit
<br /> must
<br /> be paid from non -federal resources ( i . e . , the cost of such an audit must be paid from recipient resources obtained
<br /> from other than federal entities ) .
<br /> 4 . Federal awards are to be identified using the Catalog of Federal Domestic Assistance ( CFDA ) title and
<br /> number ,
<br /> award number and year , and name of the awarding federal agency .
<br /> Part II - State Funded : Recipients of state funds ( i . e . , a non -state entity as defined by
<br /> Section 215 . 97 ( 2 ) ( 1 ) , Florida
<br /> Statutes ) are to have audits done annually using the following criteria :
<br /> 1 . In the event that the recipient expends a total amount of state financial assistance equal
<br /> to or in excess of
<br /> $ 500 , 000 in any fiscal year of such recipient , the recipient must have a state single or project-specific
<br /> audit for
<br /> such fiscal year in accordance with Section 215 . 97 , Florida Statutes , applicable rules of the Executive
<br />Office of
<br /> the Governor and the CFO , and Chapters 10 . 550 ( local governmental entities ) or 10 . 650 ( nonprofit and for-
<br />profit
<br /> organizations ) , Rules of the Auditor General . Exhibit " 1 " to this Agreement indicates state financial assistance
<br /> awarded through the Department by this Agreement . In determining the state financial assistance expended in its
<br /> fiscal year , the recipient shall consider all sources of state financial assistance , including state financial assistance
<br /> received from the Department , other state agencies , and other non -state entities . State financial assistance does
<br /> not include federal direct or pass-through awards and resources received by a non -state entity for federal
<br /> program matching requirements .
<br /> 2 . In connection with the audit requirements addressed in Part II , paragraph 1 , the recipient shall
<br /> ensure that the
<br /> audit complies with the requirements of Section 215 . 97 ( 7 ) , Florida Statutes . This includes submission
<br /> of a
<br /> financial reporting package as defined by Section 215 . 97 ( 2 ) ( d ) , Florida Statutes , and Chapters
<br /> 10 . 550 ( local
<br /> governmental entities ) or 10 . 650 ( nonprofit and for- profit organizations ) , Rules of the Auditor General .
<br />
|