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use adequate internal controls, and to maintain necessary source documentation for all <br />costs incurred. <br />B. Audit and Recovery <br />All disbursements of funds to the City under this Agreement shall be subject to audit <br />and recovery of disallowed costs from the City. <br />C. Accounting for Funds <br />In order to ensure and to provide documentation that the funds are used only as <br />provided in this Agreement, the City shall account for all funds under this Agreement <br />m a separate account or fund. <br />D. Repayment of Funds to County <br />The City shall return funds disbursed to it by the County under this Agreement for <br />return by the County to the U.S. Department of the Treasury, upon the occurrence of <br />any of the following events• <br />1. If overpayments are made; or <br />2 If an audit of the Project by the U.S. Department of the Treasury or the County <br />determines that the funds have been expended for purposes not permitted by the <br />CARES Act, the U.S. Department of the Treasury, the County, or this Agreement <br />In either case, the County shall make a written demand upon the City for repayment, <br />the City shall be obligated to repay to the County the funds demanded within sixty <br />(60) calendar days of the demand. No exercise of the County of the right to demand <br />repayment of funds by the City shall foreclose the County from making an additional <br />demand for repayment if a return of additional funds is required by the U.S. <br />Department of the Treasury; the County's right to demand repayment from the City <br />may be exercised as often as necessary to recoup from the City all funds required to <br />be returned by the County to the U.S. Department of the Treasury. <br />The City is solely responsible for seeking repayment from any subcontractor in <br />conformance with its debt collection policy. <br />E Cost Principles <br />The City shall administer its Project in conformance with OMB Uniform Guidance <br />and 2 CFR part 200.303 regarding internal controls, 2 CFR part 200.330 through <br />200.33 regarding subrecipient monitoring and management and subpart F regarding <br />audit requirements These principles shall be applied for all direct costs. <br />C-2 <br />