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Y <br /> oraanication, or for-profit organization <br /> state resources . Recipient means a Nonstaze en- <br /> that receives state financial assistance <br /> a state awarding agency. <br /> B. In the event that the Recipient expends a total a_•- <br /> of state financial assistance equal to or in excess of <br /> $300, 000 in any fiscal year of such Recip_e_:t, <br /> Recipient must have a state single or pro * ect-s�ec_f`c <br /> audit conducted for such fiscal year in accordance <br /> with Section 215 . 97, F. S . , applicable rules of <br /> Executive Office of the Governor, rules of the <br /> Comptroller, and Chapter 10 . 600, rules of the A� itor <br /> General . In determining the state financial- <br /> assistance <br /> inancialassistance expended in its fiscal year, the Rec_p=ent <br /> shall consider all sources of state financial <br /> assistance, including state funds received from <br /> Department resource, except that state financial <br /> assistance received by a Nonstate entity for federal <br /> financial assistance and state matching requirements <br /> shall be excluded from consideration. <br /> C. Audits conducted pursuant to Section 215 . 97, F. S . , <br /> shall be: (1) performed annually, and (2) conducted by <br /> independent auditors in accordance with auditing <br /> standards as stated in rules of the Auditor General . <br /> D. Regardless of the amount of the state financial <br /> assistance, the provisions of Section 215. 97, F. S . , do <br /> not exempt a Nonstate entity from compliance with <br /> provisions of law relating to maintaining records <br /> concerning state financial assistance to such Nonstate <br /> entity or allowing access and examination of those <br /> records by the state awarding agency, the Comptroller, <br /> or the Auditor General. <br /> E. If the Nonstate entity does not meet the threshold <br /> requiring the state single audit, such Nonstate entity <br /> must meet terms and conditions specified in this <br /> written agreement with the state awarding agency. <br /> F. Each state awarding agency shall : <br /> (1) Provide to a Recipient, information needed b-,.- the <br /> Recipient to comply with the requirements of <br /> Section 215 . 97, F. S . <br /> 4 <br />