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Documentl Attachment F <br /> Warranties and Representations <br /> Financial Management <br /> Recipient ' s financial management system must include the following : <br /> ( 1 ) Accurate, current and complete disclosure of the financial results of this project or <br /> program . <br /> (2 ) Records that identify the source and use of funds for all activities . These records <br /> shall contain information pertaining to grant awards , authorizations , obligations, <br /> unobligated balances , assets , outlays , income and interest . <br /> (3 ) Effective control over and accountability for all funds , property and other assets . <br /> Recipient shall safeguard all assets and assure that they are used solely for authorized <br /> purposes . <br /> (4 ) Comparison of expenditures with budget amounts for each Request For Payment . <br /> Whenever appropriate , financial information should be related to performance and <br /> unit cost data. <br /> (5 ) Written procedures to determine whether costs are allowed and reasonable under the <br /> provisions of the applicable OMB cost principles and the terms and conditions of this <br /> Agreement . <br /> (6 ) Cost accounting records that are supported by backup documentation . <br /> 21 <br />