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40 <br />• <br />all records pertaining to the projects described in the PW(s) and <br />the funds received under this Agreement until all issues relating <br />to the inspection and final audit have been completed, and any <br />action or resolution of outstanding issues have been completed. <br />In no event will such records be maintained for a period of less <br />than three (3) years from the date of the final payment under <br />this Agreement. Access to those records must be provided at <br />reasonable times to the Comptroller General of the United States, <br />the Grantee, its employees and agents, and to FEMA, its employees <br />and agents. <br />11, RECOVERY OF FUNDS: if the final inspection, audit, or <br />other review by FEMA, the State, or any other authorized entity <br />determines that payment made under this Agreement exceeds the <br />amount of actual eligible costs, the Subgrantee shall, within <br />forty-five (45) days of receipt of the determination notice, <br />repay the Grantee the amount determined to be in excess of the <br />actual costs. <br />12. AUDIT - <br />a. Subgrantees shall submit an Audit of Agreement <br />Compliance to the Grantee as provided herein. If the Subgrantee <br />expends $300,000 or more in Federal awards in its fiscal year, <br />then the Subgrantee shall have an audit conducted. This audit <br />will be performed by an independent Certified Public Accountant <br />or other entity independent of the Subgrantee in accordance with <br />the standards of the Comptroller General as specified in the <br />General Accounting Office standards for Audit of Governmental <br />Faga 10 <br />FEMA -1300 -DR -FL <br />