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4 GENERAL TERMS AND CONDITIONS <br /> GENERAL GRANT • <br /> FEDERAL FUNDS <br /> 6. ASSIGNMENT <br /> Neither this Grant, nor any claim arising under this Grant,shall be transferred or assigned by the <br /> Grantee without prior written consent of COMMERCE. <br /> 7. ATTORNEYS' FEES <br /> Unless expressly permitted under another provision of the Grant,in the event of litigation or other <br /> action brought to enforce Grant terms,each party agrees to bear its own attorneys fees and costs. <br /> 8. AUDIT <br /> A. General Requirements <br /> Grantees are to procure audit services based on the following guidelines. <br /> The Grantee shall maintain its records and accounts so as to facilitate the audit requirement and <br /> shall ensure that Subgrantees also maintain auditable records. <br /> The Grantee is responsible for any audit exceptions incurred by its own organization or that of its <br /> Subgrantees. <br /> COMMERCE reserves the right to recover from the Grantee all disallowed costs resulting from <br /> the audit. <br /> As applicable, Grantee's required to have an audit must ensure the audits are performed in <br /> accordance with Generally Accepted Auditing Standards(GAAS); Government Auditing <br /> Standards(the Revised Yellow Book)developed by the Comptroller General. <br /> Responses to any unresolved management findings and disallowed or questioned costs shall be <br /> included with the audit report. The Grantee must respond to COMMERCE requests for <br /> information or corrective action concerning audit issues within thirty(30)days of the date of <br /> request. <br /> B. Federal Funds Requirements-OMB Circular A-133 Audits of States, Local Governments <br /> and Non-Profit Organizations <br /> Grantees expending $500,000 or more in a fiscal year in federal funds from all sources,direct <br /> and indirect, are required to have an audit conducted in accordance with Office of Management <br /> and Budget(OMB) Revised Circular A-133"Audits of States, Local Governments,and Non-Profit <br /> Organizations." Revised OMB A-133 requires the Grantees to provide the auditor with a <br /> schedule of Federal Expenditure for the fiscal year(s)being audited. When state funds are also <br /> to be paid under this Agreement a Schedule of State Financial Assistance must also be included. <br /> Both schedules include: <br /> Grantor agency name <br /> Federal agency <br /> Federal program name <br /> Other identifying grant numbers <br /> Catalog of Federal Domestic Assistance(CFDA)number(if applicable) <br /> Grantor grant number <br /> Total award amount including amendments(total grant award) <br /> Beginning balance <br /> Current year revenues <br /> Current year expenditures <br /> Ending balance <br /> Program total <br /> Governmental-VAWA 5 8 8 <br />