Laserfiche WebLink
3) The AGENCY shall require that the language of this <br />certification be included in the award documents for all <br />subawards at all tiers (including subcontracts, <br />subgrants, and contracts under grants, loans, and <br />cooperative agreements) and that all subrecipients shall <br />certify and disclose accordingly. <br />PART III. EVALUATION AND RECORD KEEPING <br />1. EVALUATION <br />The AGENCY agrees to participate with the AUTHORITY in any <br />evaluation project or performance report, as designed by the <br />AUTHORITY or the appropriate federal agency, and to make <br />available all information required by any such evaluation <br />process. <br />2. AUDITS AND INSPECTIONS <br />The records and documents with respect to all matters covered by <br />this contract shall be subject at all times to inspection, review <br />or audit by the AUTHORITY, federal or state officials so <br />authorized by law during the performance of this contract during <br />the period of retention specified in this Part III. <br />The AGENCY, regardless of the amount of CDBG funds received from <br />the AUTHORITY, shall obtain at its own expense an annual <br />certified financial and compliance audit made in accordance with <br />OMB Circular A -128 or A -110. Non - profit institutions shall <br />substitute OMB Circular A -133 for A -110, Attachment F, paragraph <br />2h, at such time as this proposed revision is implemented by the <br />U.S. Department of Housing and Urban Development. <br />All audits shall be submitted to the AUTHORITY within six months <br />of the close of the AGENCY'S fiscal year and shall be prepared by <br />an independent auditor who meets the independence standards <br />specified in the General Accounting Office's yellow book, <br />"Government Auditing Standards ". <br />The AGENCY shall submit a copy of the annual financial audited <br />statements-with the management compliance letter as such letter <br />pertains to the Project in which C.D.B.G. funds are utilized. <br />Such audit statements shall be submitted to the Director of <br />Community Development within six months of the end of the <br />AGENCY's fiscal year. <br />3. RECORDS <br />As required by H.U.D. Regulations, 24 C.F.R. Part 570, the AGENCY <br />shall compile and maintain the following records: <br />A. Financial Management. Such records shall identify adequately <br />the source and application of funds for activities within <br />this Agreement, in accordance with the provisions of Appendix <br />-16- Page 34 <br />