Laserfiche WebLink
6/10 <br />violation(s); failure to gain compliance within such time shall result in termination of grant funding <br />hereunder. <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 of 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 No monies shall be withdrawn from such account except 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 />H. Audit Report Requirements. SUBRECIPIENT agrees that if SUBRECIPIENT <br />receives Five Hundred Thousand Dollars ($500,000.00) 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 Regs. <br />I. Record Keeping /Reporting. SUBRECIPIENT shall keep and maintain complete <br />and adequate records and reports to assist CITY in meeting and maintaining its record keeping <br />responsibilities under the ESG REGS, Title X, and the LBP Regs, including the following: <br />(1) 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. 1 1374(a)(4) <br />and 24 CFR 576.21. <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 FUNDS were expended, and payment therefor. <br />9 <br />