Agmt13 CDBG - Project Sentinel - Laserfiche WebLink

Browse Search

_ __ i _ � Paragraph 2. The reports will be submitted quarterly by the 15th day of the end of the quarter electronically to the website specified by City's CDBG/HOME Program. The final report will be submitted no later than July 15, 2014. If Contractor fails to submit such quarterly reports on a timely basis, City may withhold payment of funds 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. Contractor will make available to City, or the public, upon request, a financial statement and analysis (the "Accounting") setting forth in detail the manner in which, and the specific purposes for which, the funds paid by Contractor pursuant to this Agreement were e�pended to the date of such Accounting. In addition to the foregoing, Contractor will submit to City no later than the end of the Fiscal Year, and upon reasonable written request by the CDBG/HOME Administrator, a copy of the Contractor's Financial Statement and/or Accounting. The Accounting will be submitted with the final report referred to in Paragraph 6. If Contractor receives funding in excess of Five Hundred Thousand Dollars ($500,000) from all sources during the subject Fiscal Year, Contractor will provide City with an independent audit of its activities for the term of this Agreement, conducted in accordance with the Single Audit Act of 1984, as amended, OMB Circular A-110 Uniform Requirements for Grants and Other Agreements, as amended, and generally accepted auditing standards covering financial and compliance audits. Annual audits will be submitted to City with the final 4th quarter progress report referred to in Paragraph 6. REV:10-04-13 VR Page 3 of 15 ATTY/AGR.2013.188/PROJECT SENTINEL CDBG FAIR HOUSING