Agenda - 08-06-1990 - Laserfiche WebLink

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organization structure. "_'his audit is to be performed vithin six (o) onths of the close of the c ontract ceriod and cover the period of Contract. If the Agency's fiscal 17ear is different -han the period July ' co J,ne 30, a coov of both audit rayons co,- ^ring the period ;u',-, _ to June 30 must be provided. I. acdition to the audit report, the Agency shall submit a completed Chit Cos;. Worksheet (Exhibit 7 (e)) which reflects actual cost and revenue data for fiscal year Fy 1991 by July 31, 1991. The audit shall be performed by an independent fi_:n of Certified Public Accountants. Revenues and expenditures for this program must be clearly and separately stated within the audit report. Upon completion of the audit, the Agency shall deliver to the =G a copy of- the audit report and anv management letter. The Agency agrees to submit to antr additional review of the audit as deemed necessary by the COG, the State of North Carolina, or the Federal Government. The Agency agrees to permit monitoring by the COG, its staff and anpropriate representatives, and to comply with such reporting procedures as may be established by COG. The Agency further agrees that all pertinent financial records shall be made available for copying upon request by the State or Federal Government, or their agents. 17. Audit /Assessment Resolutions and Disallowed Cost. It �s further understood that the Agency is responsible to the C:�G for clarifying any audit exceptions that may arise from anv COG assessment, Agency's single/ financial audit, or audita conducted by the State or Federal Government. In the event that the COG or the Department of Human Resources disallows any expenditure made by the Agency for any reason, the Agency shall promptly repay such funds to the COG pending the resolution of any appeal that the Agency may file in accordance with paragraph (32). 13. Compliance with Requirements of the _COGS_ United States Department of Health and Human Services, State of North Carolina and North Division of Aging. The Agency agrees that it is fully cognizant of the rules and regulations promulgated pursuant to Title III of the Older Americans Act of 1965, as amended, and /or applicable State Law, and that all services will be performed in strict conformity to such existing regulations and any such regulations validly promulgated subsequent to the execution of this agreement. The Agency shall be bound by the applicable terms and conditions of the Notification of Grant Award executed by the COG and the Concerned Funding Agency. Said Notification of Grant Award is on file in the office of the •COG, and is hereby made a part of this agreement as fully as if the same were attached hereto. The Agency further agrees to comply with any and all applicable standards for services which are or may be specified by the Concerned Funding Agency and which are made a part hereof.