Resolution 2016-16 - Laserfiche WebLink

Home Browse Search

If there is real property being acquired or improved under this Agreement with CDBG- DR funds, the Delegate and the City must have reached a prior agreement as to which of the above options will be used and enforced. The option for this Agreement is (A). This paragraph 5 only applies to any funds or real property provided to or acquired by the Delegate under this Agreement. 6. REPORTS, RECORDS, MONITORING AND EVALUATION. The City will monitor, evaluate, and provide guidance, direction, and technical assistance to the Delegate in the conduct of activities listed in this paragraph. The Delegate will provide the following: (A) Quarterly Reports. Within five (5) working days after the end of each quarter (by March 5, June 5, September 5 and December 5), the Delegate shall submit the following: (1) Progress report of the Delegate's activities and accomplishments during the period with emphasis on the objectives of the project specified in Appendix A. (2) Financial statement of CDBG-DR expenditures made by the Delegate during the period, including a comparison of accumulative CDBG-DR expenditures made in the conduct of the project to the specific cost categories and expenditure milestones set forth in the budget in Appendix B. (3) Any special report made necessary by the imposition of the City or HUD, or additional reasonable requirements pursuant to CDBG-DR Program Grant No. B -13 -DS -08- 001. (B) Project Completion Report. Within fifteen (15) days of the earlier of termination or completion of the project, the Delegate shall submit one (1) copy of the project completion report, and one (1) copy of the final financial status report. Electronic submission of these and all reports is encouraged. The project completion report shall contain a certification from the Delegate that the project is complete and all costs for reimbursement have been submitted to the City. (C) Annual Audit. A complete annual audit is not required by federal law if the Delegate is a non-federal entity that expends less than $750,000 in federal funds annually, including funds authorized by this grant. However, all financial and other records must be available for review or audit by appropriate officials of the City, State, HUD, and the General Accounting Office. If the Delegate will expend $750,000 or more in federal funds during the calendar year in which the grant award made under this Agreement is expended, a single or program -specific audit must be submitted to the City for review immediately upon completion. The Delegate will include the activities delegated by the terms of this Agreement in its audit which shall be undertaken in accordance with the provisions of OMB Super Circular Title 2 of the CFR, Subtitle A, Chapter II, Part 200, and which shall include a compliance review as per 24 CFR 44.5. 3 L \FRIEDLAN\My Documents L\CD1302016 CDBG-DR IGA Loumvdle_FINAL.docx 3/15/2016