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b . The annual financial audit report shall include a schedule of financial assistance specifically identifying all Agreement and other revenue by sponsoring agency and Agreement number. C , The complete financial audit report, including all items specified in (d) below , shall be sent directly to : Department of Community Affairs Office of Audit Services 2555 Shumard Oak Boulevard Tallahassee , Florida 32399 -2100 and State of Florida Auditor General Room 401 , Claude Pepper Building 111 West Madison Street Tallahassee, Florida 3 23 99- 145 0 d . In connection with the audit requirements addressed above , the Recipient shall ensure that the audit complies with the requirements of Section 215 . 97 (7) , Florida Statutes . This includes submission of a reporting package as defined by Section 215 . 97 (2) (d) , Florida Statutes , and Chapter 10 . 550 and 10 . 650 , Rules of the Auditor General . e . If the Recipient expends less than $ 300 , 000 in State financial assistance in its fiscal year, an audit conducted in accordance with the provisions of Section 215 . 97 , Florida Statutes , is not required. In the event that the Recipient expends less than $ 300 ,000 in State financial assistance in its fiscal year and elects to have an audit conducted in accordance with the provisions of Section 215 . 97 , Florida Statutes , the cost of the audit must be paid from non- State funds (i . e . , the cost of such an audit must be paid from recipient funds obtained from other than State entities) . 5 . In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not spent in accordance with the conditions of this Agreement, the Recipient shall be held liable for reimbursement to FCT of all funds not spent in accordance with these applicable regulations and Agreement provisions within thirty (30) days after FCT has notified the Recipient of such non-compliance . 02-059-FF2 12/11 /2002 Joint Acquisition- - -7 -