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Florida Administrative Code (Last Updated: April 18, 2024) |
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62. Department of Environmental Protection |
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D62. Departmental |
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62-503. State Revolving Fund Loan Program |
1(1) 2Federal or State Audit Required.
7(a) 8In the event that the project sponsor expends more than the federal audit threshold in federal awards in its fiscal year, the project sponsor must have a single or program-specific audit conducted in accordance with the provisions of 462 CFR Part 200, 50Subpart F, Appendix XI Compliance Supplement, June 2019, hereby adopted and incorporated by reference. This document is available from the Department’s Clean Water State Revolving Fund Program, 3900 Commonwealth Blvd., MS 3505, Tallahassee, Florida 32399-3000 or electronic versions are available at 91http://www.whitehouse.gov/wp-content/uploads/2019/07/2-CFR_Part-200_Appendix-XI_Compliance-92Supplement_2019_FINAL_07.01.19.pdf 93o94r at 96http://www.flrules.org/Gateway/reference.asp?No=Ref-1407698.
99(b) 100Section 101215.97, 102Florida Statutes; applicable rules of the Department of Financial Services; and Chapters 11410.550 (local governmental entities) or 10.650 (nonprofit and for-profit organizations), Rules of the Auditor General, imposes audit requirements on the project sponsor and sub-recipients based on designated thresholds for expenditures. Each agreement entered into pursuant to this rule chapter shall include the audit requirements applicable to the project at the time the agreement is executed.
169(2) 170Pursuant to Section 173215.97, F.S., 175the State is authorized to 180conduct an audit within five (5) years following project closeout if loan compliance problems have been noted; record keeping deficiencies are noted during close-out; the project involves unusual or questioned costs; or other justification for conducting the audit becomes apparent.
220(a) The Department shall give the project sponsor advance notice of any audit.
233(b) The Department shall prepare a written report on each audit and shall provide a copy of the report to the project sponsor. The project sponsor must respond, in writing, to the findings and recommendations within 30 days after receipt of a written request from the Department.
280Rulemaking Authority 282403.1835(10), 283403.1837(9) FS. 285Law Implemented 287403.1835, 288215.97 FS. 290History–New 4-17-89, Amended 12-4-91, 2-23-94, Formerly 17-503.800, Amended 1-4-98, 2-6-02, 7-29-04, 4-22-14, 3-9-22.
