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as amended. E. Subgrantee will maintain all documentation concerning the projects funded under this Agreement until the occurrence of the following events, whichever is the later: 1 . The completion of final inspection and final audit, and the final resolution of any issues identified in the same; or, 2 . The expiration of three (3 ) years from the date of final disbursement under this Agreement . F. Subgrantee shall make all documentation concerning the projects funded under this Agreement available and accessible to the Comptroller General of the United States, the Grantee, and the Federal Emergency Management Agency between 8 : 00 a.m. and 5 : 00 p .m. on weekdays other than official holidays. ARTICLE XI. Reimbursement of Funds . If upon final inspection, final audit, or other review by Grantee, the Federal Emergency Management Agency or other authority determines that the disbursements to Subgrantee under this Agreement exceed the eligible costs, Subgrantee shall reimburse to Grantee the sum by which the total disbursements exceed the eligible costs within forty-five (45) days from the date Subgrantee is notified of such determination . ARTICLE XII . Audit. Subgrantee shall submit an Audit of Agreement Compliance to Grantee, and shall have an independent audit performed by a Certified Public Accountant if its total expenditures of federal financial assistance for the most recent fiscal year equal or exceed $ 500,000 . 00 . A . Subgrantee will conduct the audit in accordance with the following requirements : 1 . The standards established by the Comptroller General of the United States , as specified in the General Accounting Office Standards for Audit of Governmental Organizations , Programs, Activities and Functions ; 2 . The standards established by the American Institute of Certified Public Accountants ; 3 . The requirements of § 11 .42 Fla. Stat., and the Rules of the Auditor General ; 4. The requirements of the Single Audit Act of 1984, Pub . L . 98-502 , as amended, 31 U. S . C. § § 7501 -7507 , to the extent here applicable; and, 5 . Office of Management and Budget Circular No . A- 133 , as amended, to the extent here applicable . B . The audit shall be identified by the serial contract identification number for this Agreement. If the Subgrantee is a private nonprofit organization, it shall submit an organization-wide audit. C . The audit shall be due not later than seven (7) months after the close of the fiscal year for Subgrantee except where Grantee and Subgrantee have mutually agreed upon another date. D . Subgrantee shall conduct such additional audits as Grantee or the Federal Emergency Management Agency may determine necessary to determine the adequacy, accuracy, and reliability of the internal procedures Sub grantee has in place to protect its assets and to ensure compliance with this Agreement. E . If this Agreement is closed out without an audit, Grantee may recover from Subgrantee any disallowed costs identified in an audit after such closeout. ARTICLE XIII. Noncompliance . If the Subgrantee violates this Agreement or any legislation, regulation, statute, rule or other legal requirement applicable to the performance of this Agreement, the Grantee may withhold any disbursement otherwise due Subgrantee for the project with respect to which the violation has occurred until the 5