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6'IU <br />vIoIalloWS): IalILIre to garn conlpIIance wIthln such lime shall TC',Sldt In term InatIon of grant funding <br />]XI- CLllIdef. <br />G. Separation of Accounts. All funds received by SUBRECIPIENT from CITY <br />pursuant to this Agreement shall be maintained separate and apart from any other funds of <br />SUBRECIPIENT, or of any principal or member ol' SUBRECIPIENT, in an account in a federally <br />insured banking or savings and loan institution with record keeping of such accounts maintained <br />pursuant to applicable legal requirements. No monies shall be withdrawn from Such account except <br />for expenditures relating to essential services, homeless prevention and /or operations costs, as <br />authorized hereunder. <br />11, Audit Report Requirements. SUBKh,CIPIENT agrees that if SUBRECIPIENT <br />receives Five Hundred Thousand Dollars ($00,000.00) or more in federal funds, SUBRECIPIENT <br />shall have an annual audit conducted by a certified public accountant in accordance with the <br />standards as set forth and published by the United States Office of Management and Budget. <br />SUBRECIPIENT shall provide CITY with a copy of said audit by October- 1 of the year following <br />the program year in which this Agreement is executed. Further, SUBRECIPIENT shall comply <br />and /or cause compliance with audit report(s) required by applicable provisions of Title X and the <br />LBP Reus. <br />I. Record Keeping /Reporting. SUBRECIPIENT shall keep and maintain complete <br />and adequate records and reports to assist C'[TY in meeting and maintaining its record keeping; <br />responsibilities under the ESG REGS, Title X. and the LBP Regs, including the following: <br />( l j Records <br />a. Documentation evidencing income level of persons and /or families par- <br />ticipating in or benefiting by the SUBRECIPIENT program. <br />b. Documentation of the number of persons and /or families participating in <br />or benefiting by the SUBRECIPIENT program. <br />c. Household information shall include number of persons, identification <br />of head of household, race /ethnicity, age of children, seniors, income <br />verification. <br />d. Documentation of homelessness pursuant to 42 U.S.C. 11374(x)(4) <br />and 24 CFR X7621. <br />e. Documentation of all ESG FUNDS received from CITY. <br />f. Documentation of expenses as identified in the Budget Proposal, in- <br />cluding evidence of incurring the expense, invoices for goods or services, copies of <br />any and all contracts or documentation pertaining to costs for subcontractors. plus <br />all other invoices for which ESG Ft1NDS were expended, and payment therefor. <br />M <br />