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Figure 3 State funding for transit (FY 2009). that the internal auditor reported to a position outside of the transit section, such as to the DOT secretary or Figure 4 Percentage of responding state DOTs the chief financial officer. with and without an internal audit function. Financial Auditing Requirements state, more than 95 percent of the subrecipients had of State DOTs submitted annual independent financial audits. When asked if the state DOT required all sub Twenty-three state DOTs (50 percent of all re- recipients to have an independent financial audit con- spondents) indicated that their states had financial ducted annually, nearly 59 percent of respondents audit requirements for subrecipients other than the indicated "yes," as shown in Figure 5. The majority federal OMB Circular A-133 single audit require- of the respondents who answered "no" to this ques- ment. Of that group, 12 respondents identified admin- tion stated that subrecipients whose federal funding istrative procedures found in grant agreement terms fell below the OMB Circular A-133 threshold of and auditing or accounting policies as the basis for $500,000 were not required to have an independent the non-federal audit requirements. Several state financial audit conducted annually. One state reported DOTs reported having state administrative codes that it required non-profit subrecipients to complete a or uniform accounting and auditing practices that sworn statement of expenditures per state law. In that required audits. Figure 5 Percentage of respondents that require all subrecipients to have an annual independent financial audit. 6