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Awards," codified at 2 CFR Part 200. Annual audits will be submitted to City no later <br />than December 31 of each year. <br />8. CITY AUDIT: MONITORING. City may audit the records and accounts of <br />Subrecipient for the purpose of verifying expenditures by Subrecipient of funds provided <br />by City pursuant to this Agreement or verifying statements or analyses made or <br />provided by Subrecipient under this Agreement. Subrecipient will promptly respond to, <br />and comply with, any audit exception made or taken by City or appropriate federal <br />agencies relating to Subrecipient's performance or failure to perform under this <br />Agreement. Subrecipient will, upon demand by City, pay City the full amount owing to <br />City or to the United States Government as a result of any such audit exception. <br />City will monitor Subrecipient's Project and expenditures made pursuant to this <br />Agreement quarterly to verify Subrecipient's compliance with this Agreement and local <br />and federal contract requirements. Subrecipient will cooperate with City and provide all <br />documents and information requested by City in a timely and accurate fashion. <br />9. DOCUMENTATION AND RECORD-KEEPING. <br />A. Records to be Maintained. The Subrecipient will maintain all records <br />required by the federal regulations specified in 24 CFR Section 570.506, and that are <br />pertinent to the activities to be funded under this Agreement. Such records include, but <br />are not limited to: (i) Records providing a full description of each activity undertaken; (ii) <br />Records demonstrating that each activity undertaken meets a National Objective of the <br />CDBG Program; (iii) Records required to determine the eligibility of activities; (vi) <br />Records required to document the acquisition, improvement, use or disposition of real <br />property acquired or improved with CDBG assistance; (v) Records documenting <br />compliance with the fair housing and equal opportunity component of the CDBG <br />Program; (vi) Financial records as required by 24 CFR Section 570.502, and OMB <br />Circular A-110; or (vii) Other records necessary to document compliance with Subpart K <br />of 24 CFR Part 570. <br />REV: 0"7-18 DZ <br />Page 4 of 17 <br />ATTY/AGR.2018.180/REBUILDING TOGETHER NRD - CDBG <br />