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5105 vi of ation(s); fa I ure to ger n comp) i ance withi n such ti me shat I result i n termi nati on of grant fundi ng hereunder. G. Separation of Accounts All funds received by SUBRECIRENT from CITY pursuant to this Agreement shall be mai ntal ned separate and apart from any other funds of SUBRECI R ENT, or of any pri na pal or member of SU BRECI R ENT, in an aocount in a federally i nsured banki ng or savi rigs and I can i nstituti on wi th record keepi ng of such accounts mai ntai ned pursuant to appl icabl a legal requi remelts No monies shat I be wi thdranm from such account except for expendi tures rel ati ng to essenti al cervi oes, homel ess preventi on an&or operati ons costs, as authorized hereunder. H. Audit Report Requirements SUBRECI R ENT agrees that if SUBRECI R ENT receives Three Hundred Thousand Dollars ($300,000.00) or more in federal funds, SU BRECI R ENT shall have an annual audit conducted by a certified public accountant in accordance with the standards as set forth and publ ished by the United States Office of Management and Budget. SUBRECIRENT shall provide CITY with a copy of said audit by October 1 of the year fol lowi ng the program year in which this Agreement is executed. Further, SUBRECI RENT shall comply and/or cause compliance with audit report(s) required by appl i cable provi si ons of Title X and the LBP Regs I . Record Kpgp ng/Reporti ng. SU BRECI R ENT shat I keep and mai nta n complete and adequate records and reports to assi st CI TY i n meet ng and mai ntal ni ng i is record keepi ng responsi bi I ities under the ESG REGS, Title X, and the LBP Regs, i nd udi ng the fol I owi ng: (1) Records a Documentati on evi denci ng i ncome level of persons and/or fami I ies Par- ti ci pati ng i n or benef i ti ng by the SU BRECI R ENT program. b. Documentati on of the number of persons and/or fami I ies parti d pati ng i n or beneFi ti ng by the SU BRECI R ENT program. c. Household information shall i nd ude number of persons, identification of head of household, raoe%thni a ty, age of chi I dren, Beni ors, i ncome veri fi cati on. d. Documentation of homelessness pursuant to 42 U.S.C. 11374(a)(4) and 24 CFR 576.21. e. Documentati on of al I ESG FU NDS recei ved from CI TY. f. Documentation of expenses as identified in the Budget Proposal, in- cluding n- duding evidence of incurring the expense, invoices for goods or services, copies of any and al I contracts or documentation pertaining to costs for subcontractors, plus al I other i nvoi ces for whi ch ESG FU N DS were expended, and payment therefor.