Laserfiche WebLink
4 . Grant Funds and Payment The approved Grant for the Grant Period is Fifteen <br /> Thousand Dollars ($ 15 , 000 ) . The County agrees to reimburse the Recipient from <br /> such Grant funds for actual documented costs incurred for Grant Purposes provided in <br /> accordance with this Contract . Reimbursement requests may be made no more <br /> frequently than monthly. Each reimbursement request shall contain the information , at <br /> a minimum , that is set forth in Exhibit "B" attached hereto and incorporated herein by <br /> this reference . All reimbursement requests are subject to audit by the County . In <br /> addition , the County may require additional documentation of expenditures , as it <br /> deems appropriate . <br /> 5 . Additional Obligations of Recipient . <br /> 5 . 1 Records . The Recipient shall maintain adequate internal controls in order to <br /> safeguard the Grant . In addition , the Recipient shall maintain adequate records fully <br /> to document the use of the Grant funds for at least three (3 ) years after the expiration <br /> of the Grant Period . The County shall have access to all books , records , and <br /> documents as required in this Section for the purpose of inspection or audit during <br /> normal business hours at the County's expense , upon five (5 ) days prior written <br /> notice . <br /> 5 . 2 Compliance with Laws . The Recipient shall comply at all times with all applicable <br /> federal , state , and local laws , rules , and regulations . <br /> 5 . 3 Quarterly Performance Reports . The Recipient shall submit Quarterly Performance <br /> Reports to the Human Services Department of the County within fifteen ( 15 ) business <br /> days following : December 31 , March 31 , June 30 , and September 30 . <br /> 5 .4 Audit Requirements . If Recipient receives $25 , 000 or more in the aggregate from <br /> all Indian River County government funding sources , the Recipient is required to have <br /> an 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 a 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 <br /> qualified opinion from its independent auditor, such qualified opinion shall <br /> immediately be provided to the Indian River County Office of Management and <br /> Budget . The qualified opinion shall thereupon be reported to the Board of <br /> Commissioners and funding under this Contract will cease immediately. The <br /> foregoing termination right is in addition to any other right of the County to <br /> terminate this Contract . <br /> 5 .4 . 2 The Indian River County Office of Management and Budget reserves <br /> the right at any time to send a letter to the Recipient requesting clarification if <br /> there are any questions regarding a part of the financial statements , audit <br /> comments , or notes . <br /> 5 . 5 Insurance Requirements . Recipient shall , no later than September 23 , 2003 , <br /> provide to the Indian River County Risk Management Division a certificate or <br /> certificates issued by an insurer or insurers authorized to conduct business in Florida <br /> - 2 - <br />