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CITY or other authorized citing agency. SUBRECIPIENT shall notify CITY immediately of any pending <br />violations. Failure to notify CITY of pending violations. or to remedy such known violation(s) shall result in <br />termination of grant funding hereunder. SUBRECIPIENT must make all corrections required to bring the <br />facility/property into compliance with the law w ithin sixty (60) days of notification of the violation(s); failure <br />to gain compliance within such time shalt result in termination of grant finding hereunder. <br />G. Scoa[ation ofA€counts. All Rands received by SUBRECIPIENT from CITY pursuant to this <br />Agreement shall be maintained in an account in a federal]) insured banking or sasings and loan institution <br />with record keeping of such accounts maintained pursuant to applicable 2 CFR 200.302 requirements. <br />SUBRECIPIENT is not required to maintain separate depositor) accounts for CDBG-CV FUNDS; provided <br />however, the SUBRECIPIENT must be able to account for receipt, obligation and expenditure of CDBG-CV <br />FUNDS pursuant to applicable 2 CFR 200.302 requirements. <br />H. AtIit Report Re uuir€ments. SUBRECIPIENT agrees that if SUBRECIPIENT expends <br />Seven Hundred Fitly Thousand Dollars ($750,000) or more in federal funds. SUBRECIPIENT shall have an <br />annual audit conducted by a certified public accountant in accordance with the standards as set forth and <br />published by the United States Office of Management and Budget. SUBRECIPIENT shall provide CITY <br />with a copy of said audit by April I of the year following the program )car in which this Agreement is <br />executed. <br />I. Record Keepin&ReDgnina. SUBRECIPIENT shall keep and maintain complete and <br />adequate records and reports on program participants to determine their initial and continuing eligibility for <br />the program services being provided to assist CITY in meeting and maintaining its record keeping <br />responsibilities under the CDBG BEGS, including the following: <br />(I) Records <br />a. Documentation evidencing program income requirennents in conformity with 24 CFR <br />570.504(bx2)(i), (0) and 24 CFR 570.503(b)(3) and 24 CFR 570 208(a)(2)(B) of the income level <br />of persons and/or families participating in or benefiting by the SUBRECIPIENT program. <br />b. Documentation of the number of persons and/or families participating in or benefiting <br />by the SUBRECIPIENT program. <br />c. Household information shall include number of persons, identification of head of <br />household, race/ethnicity, and income verification oral] household members ages 18 and over. <br />d. Documentation ofall CDBG-CV FUNDS received from CITY, <br />e. Documentation of expenses as identified in the Budget Proposal, including evidence of <br />incurring the expense, invoices for goods or services, copies of any and all contracts or <br />documentation pertaining to costs for subcontractors, plus all other invoices and proof of payment for <br />which CDBG-CV FUNDS were expended, and any payments therefor. <br />f. Any such other related records as CITY shall reasonably require or as required to be <br />maintained pursuant to the CDBG BEGS. <br />(2) Rel2orts <br />