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14 . This Agreement may be amended at any time and must be set forth in a written <br /> instrument and agreed to by both the FCT and the Recipient . Such amendments shall become a <br /> part of this Agreement . <br /> II. AUDIT REQUIREMENTS <br /> Section 215 . 97 , Florida Statutes, the Florida Single Audit Act, provides uniform state audit <br /> requirements for state financial assistance provided by state agencies over the audit threshold as <br /> defined in that Section as follows : <br /> 1 . The Recipient agrees to maintain financial procedures and support documents, in <br /> accordance with generally accepted accounting principles , to account for the receipt and <br /> expenditure of funds under this Agreement . <br /> 2 . These records shall be available at all reasonable times for inspection, review, or <br /> audit by state personnel and other personnel duly authorized by FCT . " Reasonable" shall be <br /> construed according to circumstances, but ordinarily shall mean normal business hours of 8 : 00 <br /> a. m . to 5 : 00 p . m . , local time, Monday through Friday. <br /> 3 , The Recipient shall also provide FCT with the records , reports or financial <br /> statements upon request for the purposes of auditing and monitoring the funds awarded under <br /> this Agreement . <br /> 4 . In the event that the Recipient expends a total amount of State financial <br /> assistance from all state sources equal to or in excess of $ 300 , 000 in any fiscal year of such <br /> Recipient, the Recipient must have a State single or project- specific audit for such fiscal year in <br /> accordance with Section 215 . 97 , Florida Statutes ; applicable rules of the Executive Office of the <br /> Governor and the Comptroller, and Chapter 10 . 550 and 10 . 650 , Rules of the Auditor General . <br /> Section I. 7 . above indicates State financial assistance through FCT by this Agreement . In <br /> determining the State financial assistance expended in its fiscal year, the Recipient shall consider <br /> all sources of State financial assistance , including State funds received from FCT , except that <br /> State financial assistance received by a nonstate entity for Federal program matching <br /> requirements shall be excluded from consideration. The funding for this Agreement was <br /> received by FCT as a grant appropriation. <br /> a. The annual financial audit report shall include all management letters and <br /> the Recipient' s response to all findings , including corrective actions to be <br /> taken . <br /> 02-059-FF2 <br /> 12/11 /2002 <br /> Joint Acquisition - <br /> -6- <br />