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3. Term The Recipient acknowledges and agrees that the Grant is limited to the fiscal <br />year 2014/15 ("Grant Period"). The Grant Period commences on October 1, 2014 and <br />ends on September 30, 2015. <br />4. Grant Funds and Payment The approved Grant for the Grant Period is Nineteen <br />thousand five hundred dollars ($19,500). The County agrees to reimburse the <br />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 />