Fort Walton Beach Resolution — 2008-12-Stormwater Initiative Grant--NWFWM — reading text

information regarding the Catalog of Federal Domestic Assistance ( CFDA) via the internet at htto:// I2.46. 245. I73/ cfda/cfda.html. Attachment 2, Page 2 of 6 PART II: STATE FUNDED This part is applicable if the recipient is a nonstate entity as defmed by Section 215. 97( 2)( m), Florida Statutes. 1. In the event that the recipient expends a total amount of state fmancial assistance equal to or in excess of 500,000 in any fiscal year of such recipient, the recipient must have a State single or project- specific audit for such fiscal year in accordance with Section 215. 97, Florida Statutes; applicable rules of the Department of Financial Services; and Chapters 10. 550 (local governmental entities) or 10. 650 ( nonprofit and for-profit organizations), Rules of the Auditor General. EXHIBIT 1 to this Agreement indicates state fmancial assistance awarded through the Northwest Florida Water Management District by this Agreement. In determining the state fmancial assistance expended in its fiscal year, the recipient shall consider all sources of state fmancial assistance, including state financial assistance received from the Northwest Florida Water Management District, other state agencies, and other non- state entities. State fmancial assistance does not include Federal direct or pass- through awards and resources received by a non- state entity for Federal program matching requirements. 2. In connection with the audit requirements addressed in Part II, paragraph 1; the recipient shall ensure that the audit complies with the requirements of Section 215. 97( 7), Florida Statutes. This includes submission of a fmancial reporting package as defmed by Section 215. 97( 2), Florida Statutes, and Chapters 10. 550 (local governmental entities) or 10. 650 ( nonprofit and for-profit organizations), Rules of the Auditor General. 3. If the recipient expends less than $ 500,000 in state fmancial 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 $ 500, 000 in state fmancial 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 e., the cost of such an audit must be paid from the must be paid from the non- state entity' s resources ( i. recipient's resources obtained from other than State entities). 4. For information regarding the Florida Catalog of State Financial Assistance ( CSFA), a recipient should access the Florida Single Audit Act web site located at httos:// aoos. fldfs.com/fsaa for assistance. In addition to the above websites, the following websites may be accessed for information: Legislature' s Website at htto:// www.1ee:. state. fl. us/Welcome/ index. cfm. State of Florida' s website at htto:// www.mvflorida. com/, Department of Financial Services' Website at htto:// www.fldfs. com/ and the Auditor General's Website at htto:// www.state. fl.us/ aude:en. PART III: OTHER AUDIT REQUIREMENTS NOTE: This part would be used to specify any additional audit requirements imposed by the State awarding entity that are solely a matter of that State awarding entity' s policy ( i.e., the audit is not required by Federal or State laws and is not in conflict with other Federal or State audit requirements). Pursuant to Section 215. 97(8), Florida Statutes, State agencies may conduct or arrange for audits of State financial assistance that are in addition to audits conducted in accordance with Section 215.97, Florida Statutes. In such an event, the State awarding agency must arrange forfunding the full cost of such additional audits.) PART IV: REPORT SUBMISSION 1. Copies of reporting packages for audits conducted in accordance with OMB Circular A- 133, as revised, and d), OMB required by PART I of this Attachment shall be submitted, when required by Section .320 ( Circular A- 133, as revised, by or on behalf of the recipient directly to each of the following: Attachment 2, Page 3 of 6  A. The Northwest Florida Water Management District at the following address: Inspector General Northwest Florida Water Management District Office of the Inspector General 81 Water Management Drive Havana, Florida 32333- 4712 B. The Federal Audit Clearinghouse designated in OMB Circular A- 133, as revised ( the number of copies required by Sections . 320 ( d)( I) and ( 2), OMB Circular A- 133, as revised, should be submitted to the Federal Audit Clearinghouse), at the following address: Federal Audit Clearinghouse Bureau of the Census 1201 East 10th Street Jeffersonville, IN 47132 C. Other Federal agencies and pass- through entities in accordance with Sections .320 ( e) and ( f), OMB Circular A- 133, as revised. 2. Pursuant to Section . 320( f), OMB Circular A- 133, as revised, the recipient shall submit a copy of the reporting package described in Section .320( c), OMB Circular A- 133, as revised, and any management letters issued by the auditor, to the Northwest Florida Water Management District at the following address: Inspector General Northwest Florida Water Management District Office of the Inspector General 81 Water Management Drive Havana, Florida 32333-4712 3. Copies offmancial reporting packages required by PART II of this Attachment shall be submitted by or on behalf of the recipient directly to each of the following: A. The Northwest Florida Water Management District at the following address: Inspector General Northwest Florida Water Management District Office of the Inspector General 81 Water Management Drive Havana, Florida 32333- 4712 B. The Auditor General' s Office at the following address: State of Florida Auditor General Room 401, Claude Pepper Building 111 West Madison Street Tallahassee, Florida 32399- 1450 REMAINDER OF P AGE INTENTIONALLY LEFT BLANK Attachment 2, Page 4 of 6 4. Copies of reports or management letters required by PART III of this Attachment shall be submitted by or on behalf of the recipient directly to the Northwest Florida Water Management District at the following address: Inspector General Northwest Florida Water Management District Office of the Inspector General 81 Water Management Drive Havana, Florida 32333- 4712 5. Any reports, management letters, or other information required to be submitted to the Northwest Florida Water Management District pursuant to this Agreement shall be submitted timely in accordance with OMB Circular A- 133, Florida Statutes, or Chapters 10. 550 ( local governmental entities) or 10. 650 ( nonprofit and for-profit organizations), Rules of the Auditor General, as applicable. 6. Recipients, when submitting fmancial reporting packages to the Northwest Florida Water Management District for audits done in accordance with OMB Circular A- 133, or Chapters 10. 550 (local governmental entities) or 10. 650 ( nonprofit and for-profit organizations), Rules of the Auditor General, should indicate the date that the reporting package was delivered to the recipient in correspondence accompanying the reporting package. PART V: RECORD RETENTION The recipient shall retain sufficient records demonstrating its compliance with the terms of this Agreement for a period of 5 years from the date the audit report is issued, and shall allow the Northwest Florida Water Management District, or its designee, Chief Financial Officer, or Auditor General access to such records upon request. The recipient shall ensure that audit working papers are made available to the Northwest Florida Water Management District, or its designee, Chief Financial Officer, or Auditor General upon request for a period of 3 years from the date the audit report is issued, unless extended in writing by the Northwest Florida Water Management District. REMAINDER OF P AGE INTENTIONALLY LEFT BLANK Attachment 2, Page 5 of 6