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<br />(B) T}1ese records shall be available at all reasonable times for inspection, review, or <br />audit by state personnel and other personnel duly authorized by the Department. "Reasonable" <br />shall be construed according to circumstances, but ordinarily shall mean normal business hours <br />of8:00 a.m. to 5:00 p.m., local time, Monday through Friday. <br /> <br />(C) The Recipient shall provide the Department with an annual financial audit report <br />which meets the requirements of Sections 11.45 and 216.349, F. S., and Chapter 10.550, Rules of <br />the Auditor General, and OMB Circular A-128 for the purposes of auditing and monitoring the <br />funds awarded under this contract. <br /> <br />(1) The annual financial audit report shall include all management letters and the <br />Recipient's response to all findings, including corrective actions to be taken. <br /> <br />(2) The annual financial audit report shall include a schedule of financial <br />assistance specifically identifying all contract and grant revenue by sponsoring agency and <br />contract number. <br /> <br />. (3) The complete financial audit report, including all items specified in section <br />IX(C) (1) and (2) above, shall be sent directly to: <br /> <br />Department of Community Affairs <br />Office of Audit Services <br />2555 Shumard Oak Boulevard <br />Tallahassee, FL 32399-2100 <br /> <br />(D) The Recipient shall include an accounting of these funds in the annual financial <br />audit report prepared by the Recipient for the 1998-1999 and 1999-2000 fiscal years. <br /> <br />(E) In the event the audit shows that the entire fund, or portion thereof, was not spent in <br />accordance with the conditions of this contract the Recipient shall be held liable for <br />reimbursement to the Department of all funds not spent in accordance with these applicable <br />regulations and contract provisions within thirty (30) days after the Department has notified the <br />Recipient of such noncompliance. <br /> <br />(F) The Recipient shall retain all financial records, supporting documents, statistical <br />records, and any other documents pertinent to this contract for a period of three years after the <br />date of submission of the final expenditures report. However, if litigation or an audit has been <br />initiated prior to the expiration of the three-year period, the records shall be retained until the <br />litigation or audit findings have been resolved. <br /> <br />6 <br />