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CERTIFICATION ON LAST PAGE <br /> J . R . SWTH , CLERK <br /> 4 . Grant Funds and Payment The approved Grant for the Grant Period is Sixty seven <br /> thousand two hundred sixteen dollars ( $67 , 216 . 00 The County agrees to reimburse <br /> the Recipient from such Grant funds for actual documented costs incurred for Grant <br /> Purposes provided in accordance with this Contract . Reimbursement requests may <br /> be made no more frequently than monthly . Each reimbursement request shall contain <br /> the information , at a minimum , that is set forth in Exhibit " B " attached hereto and <br /> incorporated herein by this reference . All reimbursement requests are subject to audit <br /> by the County . In addition , the County may require additional documentation of <br /> expenditures , as it deems appropriate . <br /> 5 . Additional Obligations of Recipient . <br /> 5 . 1 Records . The Recipient shall maintain adequate internal controls in order to <br /> safeguard the Grant . In addition , the Recipient shall maintain adequate records fully <br /> to document the use of the Grant funds for at least three ( 3 ) years after the expiration <br /> of the Grant Period . The County shall have access to all books , records , and <br /> documents as required in this Section for the purpose of inspection or audit during <br /> normal business hours at the County' s expense , upon five ( 5 ) days prior written <br /> notice . <br /> 5 . 2 Compliance with Laws . The Recipient shall comply at all times with all applicable <br /> federal , state , and local laws , rules , and regulations . <br /> 5 . 3 Quarterly Performance Reports . The Recipient shall submit quarterly, cumulative , <br /> Performance Reports to the Human Services Department of the County within fifteen <br /> ( 15 ) business days following : December 31 , March 31 , June 30 , and September 30 . <br /> 5 . 4 Audit Requirements , If Recipient receives $ 100 , 000 or more in the aggregate from <br /> all Indian River County government funding sources , the Recipient is required to have <br /> an audit completed by an independent certified public accountant at the end of the <br /> Recipient' s fiscal year. Within 120 days of the end of the Recipient' s fiscal year, the <br /> Recipient shall submit the audit to the Indian River County Office of Management and <br /> Budget . The fiscal year will be as reported on the application for funding , and the <br /> Recipient agrees to notify the County prior to any change in the fiscal period of <br /> Recipient . The Recipient acknowledges that the County may deny funding to any <br /> Recipient if an audit required by this Contract for a prior fiscal year is past due and has <br /> not been submitted by May 1 . <br /> 5 . 4 . 1 The Recipient further acknowledges that , promptly upon receipt of a qualified <br /> opinion from it' s independent auditor, such qualified opinion shall immediately be <br /> provided to the Indian River County Office of Management and Budget . The qualified <br /> opinion shall thereupon be reported to the Board of Commissioners and funding <br /> under this Contract will cease immediately . The foregoing termination right is in <br /> addition to any other right of the County to terminate this Contract . <br /> 5 . 4 . 2 The Indian River County Office of Management and Budget reserves the right <br /> at any time to send a letter to the Recipient requesting clarification if there are any <br /> questions regarding a part of the financial statements , audit comments , or notes . <br /> 5 . 5 Insurance Reguirements . Recipient shall , no later than October 1 , 2012 , provide <br /> to the Indian River County Risk Management Division a certificate or certificates <br /> issued by an insurer or insurers authorized to conduct business in Florida that is rated <br /> not less than category A- : VII by A . M . Best , subject to approval by Indian <br /> River <br /> County' s risk manager , of the following types and amounts of insurance : <br /> 2 — <br />