2017-653 DSS - Regional Consolidated Services WIOA Adult and Dislocated Workers Program

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The Contractor shall use accounting and record keeping procedures that assure proper accounting of funds and permit accessibility in monitoring, performance evaluation and audit. The Contractor shall comply with applicable directives from the LA and the State regarding accounting and audit procedures under this Contract Agreement and shall, in all respects, comply with the Office of Management and Budget Circular applicable to the Contractor's organizational structure. The Contractor shall submit budgets, invoices, and monthly reports to the LA no later than the tenth (10) working day of the month. Modifications of budgeted cost categories may only be made as permitted by the LA. Monthly financial reports not submitted in a timely manner for processing, will not receive reimbursement funds for the month requested until the following month and the appropriate financial report has been received by the LA. The Contractor must provide the following information: Name, Title, telephone number of financial contact tf-or your Ragency: (,please type or print) \' ` CY�n� nt`A / t''0,` 1\Q,S�G �C�1 q� 1� a� j • �� Name/Title Telephone Number The Contractor shall also prepare and file with the LA on a timely basis such information and reports as the LA, the State, or the USDOL may require. In addition, the Contractor shall immediately notify the LA, the State, and the Secretary of the USDOL of all allegations of information creating suspicion and /or for instances of criminal misconduct, fraud, or willful or gross misconduct in connection with the program or the administering agency. Within thirty (30) days after (a) completion or termination of this Contract, or (b) the expenditure of the maximum amount of funds provided hereunder, whichever comes first, the Contractor shall submit to the LA a signed closeout statement containing such information as required by the LA. The Contractor releases the LA from any obligation to pay any claim for costs incurred under the Contract that are not submitted with the closeout statement. Within the thirty (30) day closeout period, the Contractor will reimburse to the LA any funds that had been received in excess of actual expenditures and any funds expended in excess of allowable amounts in any budget line item. The filing of a petition in bankruptcy of insolvency by or against the Contractor or the filing of any foreclosure action, eviction proceeding or litigation that could threaten the ability of the Contractor or its subcontractor(s) to perform the duties hereunder shall be reported immediately to the LA and may be cause for suspension of payments or conditional continuation of funding, including conditional designation of an alternate administering agency for the Contractor. The Contractor shall not assign or transfer any interest in this Contract without the prior written approval of the LA. Regional Partnership Workforce Development Board (Rev. 6/7/17) Page 5