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4 . Grant Funds and Payment. The approved Grant for the Grant Period is : THIRTY SIX <br /> THOUSAND , DOLLARS ( $ 36 , 000 ) . The County agrees to reimburse the Recipient from such <br /> Grant funds for actual documented costs incurred for the Grant Purposes provided in <br /> accordance with this Contract. Reimbursement requests may be made no more frequently <br /> than monthly . Each reimbursement request shall contain the information , at a minimum , that <br /> is set forth in Exhibit " B " , attached hereto and incorporated herein by this reference . <br /> All <br /> reimbursement requests are subject to audit by the County . In addition , the County may <br /> require additional documentation of expenditures , as it deems appropriate . <br /> 5 . Additional Obligation of Recipient <br /> 5 . 1 . Records . The Recipient shall maintain adequate internal controls in order to safeguard <br /> the Grant . In addition , the Recipient shall maintain adequate records fully to document <br /> the use of the Grant funds for at least three ( 3 ) years after the expiration of the Grant <br /> Period , The County shall have access to all books , records , and documents as required <br /> in this Section for the purpose of inspection or audit during normal business hours at the <br /> County ' s expense , upon five ( 5 ) days prior to written notice . <br /> 5 . 2 . Compliance with Laws The Recipient shall comply at all times with all applicable <br /> federal , state , and local laws and regulations . <br /> 5 . 3 . Quarterly Performance Reports The Recipient shall submit quarterly , cumulative , <br /> Performance Reports to the Human Services Department of the County , within fifteen <br /> ( 15 ) business days following : December 31 , March 31 , June 30 and September 30 . <br /> 5 . 4 . Audit Requirements If Recipient receives $25 , 000 , or more in aggregate , from all <br /> Indian River County government funding sources , the Recipient is required to have an <br /> audit completed by an independent certified public accountant at the end of the <br /> Recipient ' s fiscal year. Within 120 days of the end of the Recipient' s fiscal year, the <br /> Recipient shall submit the audit to the Indian River County Office of Management and <br /> Budget. The fiscal year will be as reported on the application for funding , and the <br /> Recipient agrees to notify the County prior to any change in the fiscal period of <br /> Recipient . The Recipient acknowledges that the County may deny funding to any <br /> Recipient if an audit required by this Contract for the prior fiscal year is past due and has <br /> not been submitted by May 1 . <br /> 5 . 4 . 1 . The Recipient further acknowledges that , promptly upon receipt of a qualified <br /> opinion from its independent auditor, such qualified opinion shall immediately be <br /> provided to the Indian River County Office of Management and Budget . The <br /> qualified opinion shall thereupon be reported to the Board of Commissioners and <br /> funding under this Contract will cease immediately . The foregoing termination right <br /> is in addition to any other right of the County to terminate the Contract . <br /> 5 . 4 . 27he Indian River County Office of Management and Budget reserves the right at <br /> any time to send a letter to the Recipient requesting clarification if there are any <br /> questions regarding a part of the financial statements , audit comments , or notes . <br /> 5 . 5 . Insurance Requirements . Recipient shall , no later than October 21 , 2008 provide to <br /> Indian River County Risk Management Division a certificate , or certificates , issued by an <br /> insurer, or insurers , authorized to conduct business in Florida that is rated not- less-than <br /> 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 <br /> - 2 - <br />