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1 <br />2 <br />1 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />2S <br />26 <br />27 <br />28 <br />21.5 CONTRACTOR shall not spend any of the proposed Program Income <br />unless or until such time as ADMINISTRATOR obtains authorization far the use <br />of the Program Income from the responsible State and/or Federal agency and <br />provides CONTRACTOR a~ith prior written approval for the use of the funds. <br />21.6 ADMINISTRATOR may, in its sole discretion, issue future policy <br />statements and/or instructions with respect to Program Income. CONTRACTOR <br />shall immediately comply with such policy statements and/or instructions <br />22. FINAL REPORT <br />CONTRACTOR shall complete and submit to ADMINISTRATOR a final report <br />within sixty (60) days after the termination of this Agreement, which shall <br />summarize the activities and services provided by CONTRACTOR during the term <br />of this Agreement. CONTRACTOR and ADMINISTRATOR may mutually agree in writing <br />to modify the date upon which the final report must be submitted. <br />23. INDEPENDENT AUDIT <br />23.1 CONTRACTOR shall employ a licensed certified public accountant, <br />who shall prepare and file with ADMINISTRATOR, an annual organization-wide <br />audit of related expenditures during the term of this Agreement in compliance <br />with the Office of Management and Budget (OMB) Circular A-133, Audits of <br />States. Local Governments, and Non-Profit Organizations. The audit must be <br />performed in accordance with Generally Accepted Government Auditing Standards <br />(GALAS) and OMB Circular A-87. CONTRACTOR shall cooperate with County, State <br />and/or Federal agencies to ensure that corrective action is taken within six <br />(6) months after issuance of all audit reports with regard to audit <br />exceptions. <br />23.2 CONTRACTOR agrees to provide ADMINISTRATOR with a copy of its <br />organization-wide audit for the period ending June 30 within sixty (6Q) days <br />after the end of its fiscal year. Failure to comply with this paragraph shall <br />be sufficient cause for ADMINISTRATOR, in its sole discretion, to deny payment <br />{4lBC0607) <br />29 Of 40 (April 9. 2007) <br />