2005-05-25 CC Agenda - Laserfiche WebLink

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(i) Section 84.22, "Payment Requirements." Grantees shall follow the standards of SS 85.20 (b) (7) and 85.21 in making payments to subrecipients; (ii) Section 84.23, "Cost Sharing and Matching"; (iii) Section 84.24, "Program Income.' In lieu of S 84.24, COBG subrecipients shall follow S 570.504; (iv) Seelion 84.25, "Revision of Budget and Program Plans"; (v) Section 84.32, "Real Property.' In lieu of S 84.32, COBG subrecipients shall follow S 570.505; (vi) Section 84.34(g), "Equipment." in lieu of the disposition provisions of S 84.34(g))he following applies: (A) In all cases in which equipment is sold, the proceeds shall be program income (prorated to refiect the extent to which COBG funds were used to acquire the equipment); and (B) Equipment not needed by the subrecipient for COSG activities shall be transferred to the recipient for the COSG program or shall be retained after compensating the recipient; (vii) Section 84.51 (b), (c), (d), (e), (Q, (g), and (h), "Monitoring and Reporting Program Performance"; (viii) Section 84.52, 'Financial Reporting'; (ix) Section 84.53(b), 'Retention and access requirements for records.' Section 84.53(b) applies with the following exceptions: (A) See the retention period referenced in S 84.53(b) pertaining to individual COBG activities; and (B) The retention period starts from the date of submission of the annual performance and evaluation report, as prescribed in 24 CFR 91.520, in which the specific activity is reported on for the final time rather than from the date of submission of the final expenditure report for the award; (x) Section 84.61, 'Termination.' In lieu of the provisions of S84.61 , COBG subrecipients shall comply with S 570.503(b)(7); and (4) Subpa,rt 0 - 'After-the-Award Requirements,' except for S84.71, 'Close-out Procedures." PART III. EVALUATION AND RECORD KEEPING 1. EVALUATION The Agency agrees to participate with the County in any evaluation project or performance report, as designed by the County or the appropriate Federal agency, and to make available all information required by any such evaluation process. Accomplishment data verifying the project's benefit to its designated target population must be- gathered and maintained by the Agency. Projects unable to document the accomplishment of designated benefits and goals will be required to submit a written explanation for why those goals/benefits were not met. If the project fails to meet the designated National Objeelive or Benefit, the Agency may be required to reimburse allocated funds to HUO. 2. AUDITS AND INSPECTIONS The Agency shall obtain an independent audit for any calendar year during which the agency expended at least $500,000 of Federal funds. Qualified individuals who are sufficiently independent of those who authorize the expenditure of Federal funds shall make such audit. The audit report shall state that the audit was performed in accordance with the generally accepted governmental audit standards for financial and compliance audits of the U. S. General Accounting Office Standards for Audit of Governmental Organizations. Programs. Activities. and Functions, and the provisions of OMB A-110. When applicable, the Agency shall also comply with the audit requirements of revised OMB Circular A-133 dated June 24, 1997. -12-