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Attachment D <br /> Warranties and Representations <br /> Financial Management <br /> Recipient' s financial management system shall provide for the following : <br /> ( 1 ) Accurate , current and complete disclosure of the financial results of this project or program <br /> (2 ) Records that identify adequately the source and application of funds for all activities. These <br /> records 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 . Recipient <br /> shall adequately safeguard all such assets and assure that they are used solely for <br /> authorized purposes . <br /> (4) Comparison of expenditures with budget amounts for each Request For Payment. Whenever <br /> appropriate , financial information should be related to performance and unit cost data . <br /> (5) Written procedures for determining the reasonableness, allocability and allowability of costs <br /> in accordance with the provisions of the applicable cost principles and the terms and <br /> conditions of this grant. <br /> (6) Accounting records , including cost accounting records that are supported by source <br /> documentation . <br /> Competition . <br /> All procurement transactions shall be conducted in a manner to provide, to the maximum extent practical , <br /> open and free competition . The Recipient shall be alert to conflicts of interest as well as noncompetitive <br /> practices among contractors that may restrict or eliminate competition or otherwise restrain trade . In order <br /> to ensure objective contractor performance and eliminate unfair competitive advantage , contractors that <br /> develop or draft specifications, requirements, statements of work, invitations for bids and/or requests for <br /> proposals shall be excluded from competing for such procurements. Awards shall be made to the bidder <br /> or offeror whose bid or offer is responsive to the solicitation and is most advantageous to the Recipient, <br /> price , quality and other factors considered . Solicitations shall clearly set forth all requirements that the <br /> bidder or offeror shall fulfill in order for the bid or offer to be evaluated by the Recipient. Any and all bids <br /> or offers may be rejected when it is in the Recipient's interest to do so . <br /> Codes of conduct. <br /> The Recipient shall maintain written standards of conduct governing the performance of its employees <br /> engaged in the award and administration of contracts . No employee , officer, or agent shall participate in <br /> the selection , award , or administration of a contract supported by public grant funds if a real or apparent <br /> conflict of interest would be involved . Such a conflict would arise when the employee , officer, or agent, <br /> any member of his or her immediate family, his or her partner, or an organization which employs or is <br /> about to employ any of the parties indicated herein , has a financial or other interest in the firm selected for <br /> an award . The officers , employees, and agents of the Recipient shall neither solicit nor accept gratuities, <br /> favors, or anything of monetary value from contractors , or parties to subcontracts. The standards of <br /> conduct shall provide for disciplinary actions to be applied for violations of such standards by officers , <br /> employees , or agents of the recipient. <br /> 33 <br />