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STATE OF FLORIDA DEPARTMENT OF TRANSPORTATION 525-010-40 <br /> LOCAL AGENCY PROGRAM AGREEMENT PROJECT MANAGEMENT OFFICE <br /> 03/07 <br /> Page 4 <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 Section <br /> 215 . 97 , <br /> Florida Statutes , as revised ( see "Audits " below) , monitoring procedures may include , but not be limited to <br />, 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 , 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 number <br />, <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 Office <br /> 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 <br /> federal <br /> program matching requirements . <br /> 2 . In connection with the audit requirements addressed in Part Il , 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 />