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C. Audits <br /> 1. If Subrecipient is a Non-Federal entity as defined in 2 CFR Part 200.69,and expends$750,000 <br /> or more in Federal awards during its fiscal year,then the Subrecipient shall meet the audit <br /> requirements in 2 CFR Part 200 Subpart F.Audit packages are due to the City within nine <br /> months after the close of the Subrecipient's fiscal year. <br /> 2. If the Subrecipient is not subject to the requirements in Paragraph C(1)of this section,the <br /> following apply: <br /> .Entity Type Non-Profit .For Profit <br /> Gross Revenue Gross Revenue Gross Revenue .Gross Revenue Gross Revenue <br /> Under$3M on Over$3M on Under$3M on Over$3M on <br /> average in the average in the average in the average in the <br /> previous three previous three previous three previous three <br /> fiscal years. fiscal years. fiscal years. fiscal years. <br /> .Required • Form 990 within Audited financial • Income tax Audited financial <br /> Documentation 30 days of its statements return; and statements <br /> being filed; and prepared by an . A full set of prepared by an <br /> • _A full set of independent annual internal independent <br /> annual internal Certified Public financial Certified Public <br /> financial Accountant or statements Accountant or <br /> statements Accounting Firm Accounting Firm <br /> Due Date Within 30 calendar Within nine _Within 30 calendar Within nine <br /> days from the months following days from the months following <br /> forms being filed. the close of the forms being filed. the close of the <br /> Contractor's fiscal Contractor's fiscal <br /> year. year. <br /> 3. If the Subrecipient is not subject to the requirements in Paragraph C(1)of this section,the <br /> Subrecipient may, in extraordinary circumstances, request, and in the City's sole discretion be <br /> granted, a waiver of the audit requirements.Such requests are made to the City at:City of <br /> Everett, 2930 Wetmore Ave., Everett,WA 98201,Attn: Tyler Chism for review. If approved <br /> by the City,the Subrecipient may substitute for the above requirements other forms of <br /> financial reporting or fiscal representation certified by the Subrecipient Board of Directors, <br /> provided the Subrecipient meets the following criteria: (a)financial reporting and any <br /> associated management letter show no reportable conditions or internal control issues;and <br /> (b)there has been no turnover in key staff since the beginning of the period for which the <br /> financial reporting was completed. <br /> 4. The Subrecipient must provide the City with notice of any adverse audit findings that relate to <br /> or impact this Agreement. <br /> 5. The City shall be responsible for issuing a management decision for any audit findings that <br /> relate to or impact this Agreement,as provided for under 2 CFR 200.521. <br /> D. Inspections.The records and documents with respect to all matters covered by this Agreement <br /> shall be subject at all time to inspection, review,or audit by the City,the Treasury Office of <br /> Inspector General,the Government Accountability Office,and/or any other federal or state <br /> officials authorized by law during the performance of this Agreement and for six years after <br /> termination hereof, unless a longer retention period is required by law,and all such agencies and <br /> officials may request additional information for the administration of the award, or as may be <br /> EVE R E TT Everett Forward Grant Program Subrecipient Agreement I Page 5 <br /> WASHINGTON <br />