Agmt17 CDBG Center for Independence of Individuals with Disabilities

Browse Search

hereunder until all such delinquent reports have been submitted. The reports will include the total number of direct beneficiaries of the Project with demographic information regarding income, household composition, ethnicity, age and other data as required by City or the United States Department of Housing and Urban Development. 7. FINANCIAL STATEMENT/ANALYSIS: INDEPENDENT AUDIT. All Contractor records with respect to any matters covered by this Agreement shall be made available to the City and the Comptroller General of the United States or any of their authorized representatives, at any time during normal business hours, as often as deemed necessary, to audit, examine, and make excerpts or transcripts of all relevant data. Any deficiencies noted in audit reports must be fully cleared by the Contractor within 30 days after receipt by the Contractor. Failure of the Contractor to comply with the above audit requirements will constitute a violation of this Agreement and may result in the withholding of future payments. Contractor shall provide City with any audits required by OMB's "Uniform Administrative Requirements, Cost Principles, and Audi Requirements for Federal Awards," codified at 2 CFR Part 200. Annual audits will be submitted to City no later than December 31 of each year. 8. CITY AUDIT: MONITORING. City may audit the records and accounts of Contractor for the purpose of verifying expenditures by Contractor of funds provided by City pursuant to this Agreement or verifying statements or analyses made or provided by Contractor under this Agreement. Contractor will promptly respond to, and comply with, any audit exception made or taken by City or appropriate federal agencies relating to Contractor's performance or failure to perform under this Agreement. Contractor will, upon demand by City, pay City the full amount owing to City or to the United States Government as a result of any such audit exception. REV: 11-06-17 JS Page 3 of 15 ATTY/AGR.2017.258/CENTER FOR INDEPENDENCE - CDBG