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40 <br />AO <br />II. REQUIREMENTS AND ASSURANCES <br />a. General Provisions. The Subgrantee hereby assures and <br />certifies that it will comply with regulations, policies, guidelines, <br />and requirements including 44 CFR Part 301, CPG 1-3 and 1-5, and OMB <br />Circular No. A-87 and A-102 as they relate to application, acceptance <br />and use of federal funds. <br />b. Budget Summary. The Subgrantee will complete the <br />attached "budget summary" which is incorporated herein by reference <br />as Exhibit A and which must be approved by the Grantee prior to <br />expenditure of funds by the Subgrantee. <br />C. Scope of Work. The Subgrantee will complete a "scope <br />of work" describing the activities/projects to be accomplished under <br />this Emergency Management Assistance (EMA) Agreement. Such scope <br />of work is attached to and incorporated herein as Exhibit B. <br />d. Reports. The Subgrantee shall submit, at such times <br />and in such form as may be'prescribed, quarterly and final financial <br />reports, as well as semi-annual and final progress reports. <br />e. Fiscal and Program Accountability. The Subgrantee must <br />establish fiscal control and fund accounting procedures which assure <br />proper disbursement of an accounting for subgrant funds and required <br />matching expenditures. All monies spent on this project will be <br />disbursed in accordance with provisions of the budget summary as <br />approved by the Grantee. The Subgrantee acknowledges that it has <br />full responsibility for fiscal and programmatic accountability for <br />this subgrant. In the event the Subgrantee is unable to produce <br />records capable of being audited without reconstruction by Auditors, <br />all funds paid under this Agreement by the Grantee to the Subgrantee <br />shall be disallowed and subject to repayment. The accounting system <br />established and maintained by the Subgrantee must have internal <br />controls adequate to safeguard the assets of the Subgrantee, check <br />the accuracy and reliability of accounting data, promote operating <br />efficiency and encourage compliance with prescribed management <br />policies and this Agreement. <br />f. Recording and Documentation of Receipts and <br />Expenditures. Accounting procedures must provide for an accurate <br />and timely recording of receipt of funds by type of expenditures <br />made from such funds and of unexpended balances. Accounting pro- <br />cedures must be adequate to ensure that expenditures charged to <br />this subgrant are for allowable purposes and that documentation is <br />readily available to verify that such charges are accurate. <br />-2- <br />