Laserfiche WebLink
Attachment C <br /> Warranties and Representations <br /> Financial Management <br /> Recipient' s financial management system shall provide for the following : <br /> ( 1 ) Accurate , current and complete disclosure of the financial results of this project or program <br /> (2 ) Records that identify adequately the source and application of funds for all activities . These <br /> records shall contain information pertaining to grant awards , authorizations , obligations , <br /> unobligated balances , assets , outlays , income and interest . <br /> ( 3 ) Effective control over and accountability for all funds , property and other assets . Recipient <br /> shall adequately safeguard all such assets and assure that they are used solely for <br /> authorized purposes . <br /> (4 ) Comparison of expenditures with budget amounts for each Request For Payment. Whenever <br /> appropriate , financial information should be related to performance and unit cost data . <br /> ( 5 ) Written procedures for determining the reasonableness , allocability and allowability of costs <br /> in accordance with the provisions of the applicable cost principles and the terms and <br /> conditions of this grant. <br /> (6 ) Accounting records , including cost accounting records that are supported by source <br /> documentation . <br /> Competition . <br /> All procurement transactions shall be conducted in a manner to provide , to the maximum extent practical , <br /> open and free competition . The Recipient shall be alert to conflicts of interest as well as noncompetitive <br /> practices among contractors that may restrict or eliminate competition or otherwise restrain trade . In order <br /> to ensure objective contractor performance and eliminate unfair competitive advantage , contractors that <br /> develop or draft specifications , requirements , statements of work , invitations for bids and/or requests for <br /> proposals shall be excluded from competing for such procurements . Awards shall be made to the bidder <br /> or offeror whose bid or offer is responsive to the solicitation and is most advantageous to the Recipient, <br /> price , quality and other factors considered . Solicitations shall clearly set forth all requirements that the <br /> bidder or offeror shall fulfill in order for the bid or offer to be evaluated by the Recipient . Any and all bids <br /> or offers may be rejected when it is in the Recipient' s interest to do so . <br /> Codes of conduct. <br /> The Recipient shall maintain written standards of conduct governing the performance of its employees <br /> engaged in the award and administration of contracts . No employee , officer, or agent shall participate in <br /> the selection , award , or administration of a contract supported by public grant funds if a real or apparent <br /> conflict of interest would be involved . Such a conflict would arise when the employee , officer, or agent, <br /> any member of his or her immediate family , his or her partner, or an organization which employs or is <br /> about to employ any of the parties indicated herein , has a financial or other interest in the firm selected for <br /> an award . The officers , employees , and agents of the Recipient shall neither solicit nor accept gratuities , <br /> favors , or anything of monetary value from contractors , or parties to subcontracts . The standards of <br /> conduct shall provide for disciplinary actions to be applied for violations of such standards by officers , <br /> employees , or agents of the recipient . <br /> 25 <br />