Laserfiche WebLink
�a1 - 232019 <br />year; the Subrecipient shall submit the audit to the Indian River County Y <br />Management and Budget. The, fiscal year will be as reported on the application for <br />funding, and the Subrecipient agrees to notify the County prior to any change in the <br />fiscal period of Subrecipient. The Subrecipient acknowledges that the County may <br />deny funding to any Subrecipient if an audit required by this Contract for a prior fiscal <br />year is past due and has not been submitted within the 180 day period. <br />7.4.1 The Subrecipient further acknowledges that, promptly upon receipt of a <br />qualified opinion from their independent auditor, such qualified opinion shall <br />immediately be provided to the Indian River County Office of Management and <br />Budget. The qualified opinion shall thereupon be reported to the Board of County <br />Commissioners and funding under this Contract will cease immediately. The <br />foregoing termination right is in addition to any other right of the County to terminate <br />this Contract. <br />7.4.2 The Indian River County,.,Office of Management and Budget reserves the right <br />at any time to send a letter to the Subrecipient requesting clarification if there are any <br />questions regarding a part.,of.the.financial statements, audit comments, or notes. <br />7.5 Insurance Requirements. Subrecipient shall, no later than February <br />5, 2019, provide to the Indian River County Risk Management Division <br />a certificate or certificates issued by an insurer or insurers authorized to <br />conduct business in Florida that is rated not less than category A-: VII by A.M. Best, <br />subject to approval by Indian River County's risk manager, of the following <br />types and amounts of insurance: <br />(i) Commercial General Liability Insurance in an amount not less than <br />$1,000,000 combined single limit for bodily injury and property damage, <br />including coverage for premises/operations, products/completedoperations, <br />contractual liability, and independent contractors; <br />(ii) Business Auto Liability Insurance in an amount not less than $1,000,000 <br />per occurrence combined single limit for bodily injury and property damage, <br />including coverage for owned autos and other vehicles, hired autos and other <br />vehicles, non -owned autos and other vehicles; and <br />(iii) Workers" Compensation and Employer's Liability (current Florida statutory <br />limit) <br />(iv) In the event that children are supervised, Sexual Molestation Liability <br />Insurance in an amount, not less than $1,000,000 each occurrence/claim. <br />7.6 Insurance Administration; .'TheAnsurance certificates, evidencing_ all required <br />insurance coverages shall be fully acceptable to County in both form and content, <br />and shall provide and, specify that the related insurance coverage shall not be <br />cancelled' without at least thirty (30) calendar days prior written notice having been <br />given to the County. In addition, the County may request such other proofs and <br />assurances as it may reasonably require that the insurance is and at all times <br />remains in full force and effect. Subrecipient agrees that it is the Subrecipient's sole <br />responsibility to coordinate activities among itself, the County, and the Subrecipient's <br />insurer(s) so that the insurance certificates are acceptable to and accepted by <br />County within the time limits set forth in this Contract. The County shall be listed as <br />an additional insured on all insurance coverage required by this Contract,' except <br />Workers' Compensation insurance. The Subrecipient shall, upon ten (10) days' prior <br />written request from the County, deliver copies to the County, or make copies <br />available for the County's inspection at Subrecipient's place of business, of any and <br />