Fla. Admin. Code Ann. R. 73A-3.005 - Verification of Actual Qualified Expenditures

(1) After all Qualified Expenditures have been made, the Certified Production shall hire an independent Florida-based and Florida-licensed Certified Public Accountant (CPA) of the Certified Production's choosing, at the Certified Production's expense, to verify the Qualified Expenditures.

(2) After the CPA verifies the actual Qualified Expenditures, the Certified Production Company shall submit to OFE a final report, which shall include:

(a) The CPA's compliance audit.

(b) A letter from the CPA outlining its verification procedures.

(c) Proof the CPA has been fully paid. Such payment shall not be considered a Qualified Expenditure.

(d) A final report on the agreed upon procedures by the CPA determining the amount of Qualified Expenditures incurred by the Certified Production.

(e) Qualified Expenditures broken out by type: accounts payable to Florida Qualified Vendors, petty cash, and Florida Worker payroll (the latter being provided as separate files for the cast, crew, and extras and including Declaration of Florida Residency Forms, OTTED 1254-5 (12/10), which is hereby incorporated by reference)).

(f) A completed Summary Statement (form OTTED 1254-8 (12/10), which is hereby incorporated by reference) signed by an authorized officer of the Certified Production company.

(g) A copy of all data substantiating the Qualified Expenditures (receipts, invoices, cancelled checks, payroll records, etc.). Any substantiation which OFE considers not a Qualified Expenditure will be returned to the Certified Production Company for written rebuttal. If no written rebuttal is received within 10 business days, the expenses will not be considered a Qualified Expenditure. If written rebuttal is submitted within the required 10 business days, OFE will review the written rebuttal and, in the event OFE's decision remains the same, the rebuttal will be referred to the Department for final determination.

Notes

Fla. Admin. Code Ann. R. 73A-3.005

Rulemaking Authority 288.1254(8) FS. Law Implemented 288.1254(3) FS.

New 12-30-10, Formerly 27M-5.005.

New 12-30-10, Formerly 27M-5.005.