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2003-146
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2003-146
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Last modified
10/21/2016 2:23:04 PM
Creation date
9/30/2015 6:36:45 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
06/24/2003
Control Number
2003-146
Agenda Item Number
11.B.2.
Entity Name
University of South Florida Board of Trustees
Subject
Federally funded subgrant agreement for plan developement
Archived Roll/Disk#
3161
Supplemental fields
SmeadsoftID
3280
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04 / 16 / 2003 13 : 17 5617705017 NATHAN MCCOLLUM PAGE 14 <br /> reporting package was delivered to the Recipient in correspondence accompanying the reporting <br /> package . <br /> (i) The Recipient shall retain sufficient records demonstrating its compliance with the <br /> terms of this agreement for a period of five years from the date the audit report is issued , and shall allow <br /> the Department , or its designee , the Comptroller , or Auditor General access to such records upon request . <br /> The recipient shall ensure that audit working papers are made available to the Department , or its <br /> designee , the Comptroller, or Auditor General upon request for a period of five years from the date the <br /> audit report is issued , unless extended in writing by the Department . <br /> 0 ) In the event the audit shows that the entire funds disbursed hereunder , or any portion <br /> thereof, were not spent in accordance with the conditions of this Agreement , the Recipient shall be held <br /> liable for reimbursement to the Department of all funds not spent in accordance with these applicable <br /> regulations and Agreement provisions within thirty (30 ) days after the Department has notified the <br /> Recipient of such non - compliance , <br /> ( k) The Recipient shall retain all financial records , supporting documents , statistical <br /> records , and any other documents pertinent to this contract for a period of five years after the date of <br /> submission of the final expenditures report. However , if litigation or an audit has been initiated prior to the <br /> expiration of the five-year period , the records shall be retained until the litigation or audit findings have <br /> been resolved . <br /> (1 ) The Recipient shall have all audits completed by an independent certified public <br /> accountant ( IPA ) who shall either be a certified public accountant or a public accountant licensed under <br /> Chapter 473 , Fla , Stat . The IPA shall state that the audit complied with the applicable provisions noted <br /> above . <br /> ( 13 ) SUBCONTRACTS . <br /> (a) If the Recipient subcontracts any or all of the work required under this Agreement , a <br /> copy of the executed subcontract must be forwarded to the Department within thirty ( 30 ) days after <br /> execution of the subcontract , The Recipient agrees to include in the subcontract that ( i ) the subcontractor <br /> Is bound by all applicable state and federal laws and regulations , and (ii ) the subcontractor shall hold the <br /> 13 <br />
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