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on weaknesses found through audits when those findings pertain to state financial assistance awarded through <br /> the Department by this Agreement. By entering into this Agreement, the Agency agrees to comply and <br /> cooperate fully with any monitoring procedures/processes deemed appropriate by the Department.The Agency <br /> further agrees to comply and cooperate with any inspections, reviews, investigations, or audits deemed <br /> necessary by the Department,the Department of Financial Services(DFS) or the Auditor General. <br /> - - 2: - The Agency, a nonstate entity as defined by Section 215.97(2)(m), Florida Statutes, <br /> as a recipient of state fmancial assistance awarded by the Department through this Agreement is subject to the <br /> following requirements: • <br /> i. In the event the Agency meets the audit threshold requirements established by Section <br /> 215.97,Florida Statutes,the Agency must have a State single or project-specific audit conducted for such fiscal <br /> year in accordance with Section 215.97, Florida Statutes; applicable rules of the Department of Financial <br /> Services;and Chapters 10.550(local governmental entities)or 10.650(nonprofit and for-profit organizations), <br /> Rules of the Auditor General. Exhibit"E", which is attached an incorporated into this Agreement, indicates <br /> state financial assistance awarded through the Department by this Agreement needed by the Agency to further <br /> comply with the requirements of Section 215.97,Florida Statutes.In determining the state financial assistance <br /> expended in a fiscal year, the Agency shall consider all sources of state financial assistance, including state <br /> financial assistance received from the Department by this Agreement, other state agencies and other nonstate <br /> entities. State financial assistance does not include Federal direct or pass-through awards and resources <br /> received by a nonstate entity for Federal program matching requirements. • <br /> ii. In connection with the audit requirements, the Agency shall ensure that the audit <br /> complies with the requirements of Section 215.97(8),Florida Statutes.This includes submission of a financial <br /> reporting package as defined by Section 215.97(2)(e), Florida Statutes, and Chapters 10.550 (local <br /> governmental entities)or 10.650 (nonprofit and for-profit organizations),Rules of the Auditor General. <br /> iii. In the event the Agency does not meet the audit threshold requirements established by <br /> Section 215.97, Florida Statutes, the Agency is exempt for such fiscal year from the state single audit <br /> requirements of Section 215.97,Florida Statutes.However,the Agency must provide a single audit exemption <br /> Page 13 of 23 <br />