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City <br /> 22-Mjro� <br /> Page 12 of 26 <br /> 4) 11e12orting/Audits <br /> a) Reporting Requirements <br /> i) Activities funded under this Agreement shall be reported on in the first <br /> expenditure report submitted to HCFC following the disbursement of the <br /> remaining funds. If the Grantee fails to provide such documentation, HCFC <br /> may recapture any portion of the amount authorized by this Agreement with a <br /> 14-day written notification. <br /> ii) Grantee is also required to comply with the reporting requirements in HSC <br /> 50221 and 50223, as applicable <br /> b) Auditing <br /> Agency reserves the right to perform or cause to be performed a financial audit. { <br /> At Agency request, the Grantee shall provide, at its own expense, ra financial 3 <br /> audit prepared by a certified public accountant. HHAP-3 administrative funds <br /> may be used to fund this expense. Should an audit be required, the Grantee shall <br /> adhere to the following conditions'. � <br /> i <br /> i) The audit shall be performed by an independent certified public accountant. <br /> ii) The Grantee shall notify Agency of the auditor's name and address <br /> immediately after the selection has been made. The contract for the audit <br /> shall allow access by Agency to the independent auditor's working papers. <br /> ill) The Grantee is responsible for the completion of audits and all costs of <br /> preparing audits. <br /> 1v) if there are audit findings, the Grantee must submit a detailed response <br /> acceptable to Agency for each audit finding within 90 days from the date of <br /> the audit finding report. <br /> 5) ins ection and Retention of Records <br /> I <br /> a) Record Inspection <br /> HCFC or its designee shall have the right to review, obtain, and copy all records ' <br /> acid supporting documentation pertaining to performance under this Agreement. <br /> The Grantee agrees to provide HCFC, or its designee, with any relevant { <br /> information requested. The Grantee agrees to give HCFC or its designee access i <br /> to its premises, upon reasonable notice and during normal business hours, for <br /> the purpose of Interviewing employees who might reasonably have information <br /> related to such records, and of inspecting and copying such books, records, <br /> accounts, and other materials that may be relevant to <br /> an investigation of compliance with the Homeless Housing, Assistance, and <br /> Prevention Program laws, the HHAP-3 program guidance document published <br /> on the website, and this Agreement. <br /> f <br /> E <br /> i <br /> f <br /> City Council 16 — 156 5/19/2026 E <br /> Initial <br />