2010-150B - Laserfiche WebLink

Home Browse Search

vi) Recipients, when submitting financial reporting packages to the Department for audits done in accordance with OMB Circular A- 133 or Chapters 10 . 550 (local governmental entities) or 10 . 650 (nonprofit and for-profit organizations) , Rules of the Auditor General , should indicate the date that the reporting package was delivered to the recipient in correspondence accompanying the reporting package . G . RECORD RETENTION i) The recipient shall retain sufficient records demonstrating its compliance with the terms of this agreement for a period of at least five years from the date the audit report is issued, and shall allow the Department, or its designee, the state CFO or Auditor General access to such records upon request . The recipient shall ensure that the independent audit working papers are made available to the Department, or its designee, the state CFO , or Auditor General upon request for a period of at least five years from the date the audit report is issued, unless extended in writing by the Department . 8 -TERMINATION AND DEFAULT This Agreement may be canceled by either the COUNTY or the DEPARTMENT upon sixty (60 ) days written notice . In addition, the DEPARTMENT may terminate this Agreement in the event of the following : A . If the DEPARTMENT determines that the performance of the COUNTY is not satisfactory, the DEPARTMENT shall have the option of (a) immediately terminating the Agreement , or (b) notifying the COUNTY of the deficiency with a requirement that the deficiency be corrected within a specified time , otherwise the Agreement will be terminated at the end of such time , or (c) taking whatever action is deemed appropriate by the DEPARTMENT . B . If the DEPARTMENT requires termination of the Agreement for reasons other than unsatisfactory performance of the COUNTY, the DEPARTMENT shall notify the COUNTY of such termination, with instructions to the effective date of termination or specify the stage of work at which the Agreement is to be terminated . C . If the Agreement is terminated before performance is completed , the COUNTY shall be paid only for that work satisfactorily performed for which costs can be substantiated . Such payment, however, may not exceed an amount which is the same percentage of the contract price as the amount of work satisfactorily completed is a percentage of the total work called for by this Agreement . All work in progress will become the property of the DEPARTMENT and will be turned over promptly by the COUNTY . 9 -MISCELLANEOUS A . All words used herein in the singular form shall extend to and include the plural . All words used in the plural form shall extend to and include the singular . All words used in any gender shall extend to and include all genders . Page 10 of 14