11-30-2022 Council Packet - Laserfiche WebLink

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17 C. Grantee must require that the language of this certification be included in the award documents for all subawards at all tiers (including subcontracts, subgrants, and contracts under grants, loans, and cooperative agreements), and that all subrecipients are required to certify and disclose accordingly. PART 3 EVALUATION AND RECORDKEEPING Section 3.1 Evaluation. Grantee agrees to participate with the Authority in any evaluation project or performance report, as designed by the Authority or the appropriate federal agency, and to make available all information required by any such evaluation process. Section 3.2 Audits and Inspections. A. The records and documents with respect to all matters covered by this Grant Agreement shall be subject at all times to inspection, review, or audit by the Authority, and federal or state officials authorized by law during the performance of this Grant Agreement during the period of retention specified in this Part III. B. Grantee, regardless of the amount of funds received from the Authority, is required to obtain at its own expense an annual certified financial and compliance audit. C. All audits must be submitted to the Authority within six months of the close of Grantee’s fiscal year and must be prepared by an independent auditor who meets the independence standards specified in the United States General Accounting Office’s yellow book, “Government Auditing Standards.” D. Grantee is required to submit a copy of the annual financial audited statements with the management compliance letter and the recipient’s response to the management letter, to the Director of Community Development within six months of the end of Grantee’s fiscal year. Section 3.3 Records. As required by HUD Regulations, 24 CFR Part 570, Grantee is required to compile and maintain the following: A. Financial Management. Financial management records that identify adequately the source and application of funds for activities within this Grant Agreement, in accordance with the provisions of the U.S. Office of Management and Budget Circular A-102. These records must contain information pertaining to grant awards and authorizations, obligations, unobligated balances, assets, liabilities, outlays, and income. B. Citizen Participation. Narrative and other documentation that describe the process used to inform citizens concerning the amount of funds available, the ranges of project activities undertaken, and opportunities to participate in funded block grant projects.