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exempted from disclosure by .the L <br />governmental agency (or a private entii <br />with.official business which dare used tc <br />qualify as public records -subject to pul <br />THE <br />FL <br />(10) AUDITS <br />a. In .accounting fog the receipt and <br />Subrecipient must follow Generally <br />by 2 C.F.R. §200:A9, GAAP has the <br />the Government Accounting Stane <br />Standards Board (FASB)." <br />b. When conducting an audit of the -SL <br />Recipient must use Generally Accel <br />defined by 2 C.F.R. §200.50, "GAGE <br />accepted government auditing stand <br />States, which are applicable to finan <br />c. If an audit shows that all or any portio. <br />with the conditions of and strict com <br />held liable for reimburseme itto the R <br />applicable regulations and Agreemei <br />has notified the Subrecipient of such <br />d. The Subrecipient must have all aui <br />defined in section 215,91(2)(i), Flc <br />.accountant licensed under chapter 4' <br />complied with the applicable provsic <br />Recipient no later than nine`months: <br />e. The Subrecipient must send copies <br />directly to each of the Program Man, <br />f. Fund payments are considered to be feders <br />and the related provisions of the Uniform <br />(11) REPORTS <br />a. The Subrecipient must provide the Re <br />These reports must include the cunei <br />Under this Agreement, in addition to ar <br />b. Quarterly reports are due to the Reci <br />of the program year and must be -so <br />close-out report. The ending dates <br />June 30, September 30, and Decer <br />agreement is due for the quarter en <br />c. The close-out report is due sixty (61 <br />after completion of the activities cor <br />d. If all required reports and copies <br />a manner acceptable to the Recipii <br />i <br />re, all materials made or received by a <br />on behalf of such an agency) in conjunction <br />uate, communicate, or formalize knowledge <br />action. <br />JESTIONS REGARDING <br />of funds underl this, Agreement, the <br />counting Principles ("GAAP"): As defined <br />:cified in accounting standards.issued by <br />(GASB) and the i Financial :Accounting <br />ht's performance under this Agreement; the <br />Fernment Auditing Standards ("GAGAS"). As <br />known as the Yellow. Book, means,.generally <br />aed by the Comptrollers General ofthe United <br />funds disbursed were not spent in -accordance <br />with this Agreement, the Subrecipient will be <br />;of all funds'not spentin'accordance with these <br />,.ions within thirty (3Q) days after the Recipient <br />mpliance. <br />1pleted by an independent auditor, which is <br />Mutes, as "an independent certifiedpublic <br />independent auditor mustttate that the audit <br />pd above. The audits must be received by the <br />end of the Subrecipient's fiscal year. <br />rting packages required under this paragraph <br />rncial assistance subjectto the Single Audit Act <br />Dance. <br />nt with quarterly reports and a close-out report. <br />atus and progress 'of the expenditure of funds <br />her information requested by the Recipient. <br />later than 15 days after the end of_each quarter <br />h quarter until submission of the administrative <br />ph quarter of the program year are March 31, <br />1. The first quarterly report due pursuant to this <br />:ptember 30, 2020. <br />after termination of this Agreement or 60 days <br />in this Agreement, whichever occurs first. <br />sent to the Recipient or are not completed in <br />Recipient may withhold;further payments until <br />