HomeMy WebLinkAboutUNITED WAY OF LARIMER COUNTY - CONTRACT - CONTRACT - UNITED WAY OF LARIMER COUNTY 2005 (2)financial records pertaining to this Contract upon
completion shall remain the property of the City.
C. If Subrecipient expends $500,000 or more of federal awards
(including, but not limited to funds received from the City
pursuant to this Agreement), within any of its fiscal years
during which this Agreement is in force, Subrecipient agrees
to have a Single Audit performed, at no cost to the City, in
accordance with the Single Audit Act Amendments of 1996
and OMB Circular A-133• In the event that the expenditures
of $500,000 or more indicated above are all pursuant to this
Agreement, Subrecipient may elect to have a program -
specific audit conducted in accordance with said Act and
Circular. Said audit shall be submitted to the City's
Accounting and Finance Reporting Manager within nine (9)
months after the end of Subrecipient's fiscal year for which
the audit is performed.
C. Monitoring and Evaluation.
The City reserves the right to monitor and evaluate the progress and
performance of the Subrecipient to assure that the terms of this Contract
are being satisfactorily met in accordance with City and other applicable
monitoring and evaluating criteria and standards. Subrecipient shall
cooperate with City relating to such monitoring and evaluation, and make
available to the City any documents or other information requested by the
City or relevant to the City's monitoring and evacuation.
D. Reporting and Payment Procedures.
1. Budgets.
A detailed contract budget for Subrecipient's proposed project, as
described in Exhibit B, Project Budget, and the specific use of the
funds provided to Subrecipient under this and other City grant
programs, is included as Exhibit A, Scope of Services attached
hereto and incorporated herein by this reference. The City and the
Subrecipient may revise the budget from time to time in
accordance with existing City policies, by amendment of this
Agreement.
2. Program Income.
The Subrecipient shall report yearly all program income, as defined
at 24 CFR 570.500(a) generated by activities carried out with CDBG
funds made available under this Contract, including, but not
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