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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. 1 <br /> C. Accounting for Funds 1 <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 /> in 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 /> { <br /> C-2 <br />