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This exhibit is being provided for informational purposes to provide the applicant the <br />ability for internal review prior to receipt of their std. agreement for executionEX H I B IT 2 <br />Applicant Name <br />20-PLHA-XXXX <br />Page 5 of 9 <br />EXHIBIT D <br />2) Amounts awarded to Subrecipients with the activity(ies) identified; <br />3) Identification of the Eligible Activities upon which the Contractor <br />expended program funds, and the income levels of households assisted <br />and the affordability level for any units assisted; and, <br />4) Close out report for contracts that were fully expended and in which all <br />activities funded were completed during the fiscal year. <br />C. The Department may request additional information as needed to meet other <br />applicable reporting or audit requirements. <br />D. The Contractor is responsible for the completion of audits and all costs of <br />preparing audits. <br />E. The Department reserves the right to perform or cause to be performed a <br />financial audit. At the Department's request, the Contractor shall provide, at its <br />own expense, a financial audit prepared by a certified public accountant. <br />F. If a financial audit is required by the Department, the audit shall be performed by <br />an independent certified public accountant. Selection of an independent audit <br />firm shall be consistent with procurement standards contained in 24 CFR 85.36. <br />1) The Contractor shall notify the Department of the auditor's name and <br />address immediately after the selection has been made. The contract for <br />the audit shall allow access by the Department to the independent <br />auditor's working papers. <br />2) The Contractor is responsible for the completion of audits and all costs of <br />preparing audits. <br />3) If there are audit findings, the Contractor must submit a detailed response <br />acceptable to the Department for each audit finding within ninety (90) days <br />from the date of the audit finding report. <br />8. Retention and Inspection of Records <br />A. The Contractor is responsible for maintaining records, which fully disclose the <br />activities funded by the Grant. Adequate documentation of each transaction shall <br />be maintained to permit the determination, through an audit if requested by the <br />State, of the accuracy of the records and the allowability of expenditures charged <br />to Grant funds. <br />Permanent Local Housing Allocation (PLHA) Program — Grant <br />NOFA Date: 02/26/2020 <br />Approved Date: 10/05/2020 <br />Prep. Date: To be entered when SA is cre2l_16 <br />