8/10/2016 2:28:43 PM
9/30/2015 9:18:41 PM
Official Document Type
Agenda Item Number
Department of Community Affairs
Homeland Security Federally Funded Subgrant Agreement
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(c) The Recipient shall maintain all records for the Recipient and for all subcontractors or <br /> consultants to be paid from funds provided under this Agreement, including supporting documentation of <br /> all program costs, in a form sufficient to determine compliance with the requirements and objectives of the <br /> Budget and Scope of Work - Attachment A - and all other applicable laws and regulations . <br /> (d) The Recipient, its employees or agents , including all subcontractors or consultants to <br /> be paid from funds provided under this Agreement, shall allow access to its records at reasonable times <br /> to the Department, its employees , and agents . 'Reasonable" shall be construed according to the <br /> circumstances but ordinarily shall mean during normal business hours of 8 : 00 a. m . to 5 :00 p. m . , local <br /> time , on Monday through Friday. "Agents" shall include, but not be limited to , auditors retained by the <br /> Department. <br /> (6) AUDIT REQUIREMENTS <br /> (a) The Recipient agrees to maintain financial procedures and support documents , in <br /> accordance with generally accepted accounting principles, to account for the receipt and expenditure of <br /> funds under this Agreement. <br /> (b) These records shall be available at all reasonable times for inspection , review, or <br /> audit by state personnel and other personnel duly authorized by the Department. 'Reasonable" shall be <br /> construed according to circumstances, but ordinarily shall mean normal business hours of 8 : 00 a. m . to <br /> 5 : 00 p. m . , local time , Monday through Friday. <br /> (c) The Recipient shall also provide the Department with the records , reports or financial <br /> statements upon request for the purposes of auditing and monitoring the funds awarded under this <br /> Agreement. <br /> (d) If the Recipient is a State or local government or a non-profit organization as defined <br /> in OMB Circular A- 133 , as revised , and in the event that the Recipient expends $ 500 , 000 or more in <br /> Federal awards in its fiscal year, the Recipient must have a single or program-specific audit conducted in <br /> accordance with the provisions of OMB Circular A-133 , as revised . EXHIBIT 1 to this Agreement <br /> indicates Federal resources awarded through the Department by this Agreement In determining the <br /> Federal awards expended in its fiscal year, the Recipient shall consider all sources of Federal awards , <br /> including Federal resources received from the Department The determination of amounts of Federal <br /> 3 <br />
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