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2022-162
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2022-162
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Last modified
10/4/2022 1:05:19 PM
Creation date
10/4/2022 1:04:38 PM
Metadata
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Official Documents
Official Document Type
Grant
Approved Date
09/13/2022
Control Number
2022-162
Agenda Item Number
8.I.
Entity Name
Senior Resource Association
Subject
SubReceipient Grant Agreement 2022-Final
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7.4 Audit Requirements: If Subrecipient receives $100,000 or more in the aggregate from <br />all Indian River County government funding sources, the Subrecipient is required to <br />have an audit completed by an independent certified public accountant at the end of <br />the Subrecipient's fiscal year. Within 180 days of the end of the Subrecipient's fiscal <br />year, the Subrecipient shall submit the audit to the Indian River County Office of <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 Budget. <br />The qualified opinion shall thereupon be reported to the Board of County <br />Commissioners and funding under this Contract will cease immediately. The foregoing <br />termination right is in addition to any other right of the County to terminate 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 October 30 each year, provide <br />to the Indian River County Risk Management Division a certificate or certificates issued <br />by an insurer or insurers authorized to conduct business in Florida that is rated not less <br />than category A-: VII by A.M. Best, subject to approval by Indian River County's risk <br />manager, of the following 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, including <br />coverage for premises/operations, products/completed operations, contractual <br />liability, and independent contractors; <br />(ii) Business Auto Liability Insurance in an amount not less than $1,000,000 per <br />occurrence combined single limit for bodily injury and property damage, including <br />coverage for owned autos and other vehicles, hired autos and other vehicles, non - <br />owned autos and other vehicles; and <br />(iii) Workers' Compensation and Employer's Liability (current Florida statutory <br />limit); and <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: The insurance certificates, evidencing all required <br />insurance coverages shall be fully acceptable to County in both form and content, and <br />shall provide and specify that the related insurance coverage shall not be cancelled <br />without at least thirty (30) calendar days prior written notice having been given to the <br />County. All such insurance shall provide a waiver of subrogation in favor of the <br />County; and be primary and without contribution from the County or its insurance <br />carrier. In addition, the County may request such other proofs and assurances as it <br />may reasonably require that the insurance is and at all times remains in full force and <br />effect. Subrecipient agrees that it is the Subrecipient's sole responsibility to coordinate <br />
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