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77 <br /> own reports to the US Department of Treasury,in accordance with the following schedule,which may be amended <br /> from time to time: <br /> REPORT DEADLINE <br /> [INSERT APPLICABLE REPORT REQUIREMENTS [INSERT APPLICABLE DEADLINES] <br /> HERE] <br /> SEE TREASURY COMPLIANCE AND REPORTING <br /> GUIDANCE,] <br /> This provision shall survive the expiration or termination of this Agreement with respect to any reports which the <br /> Subrecipient is required to submit to County following the expiration or termination of this Agreement. <br /> Section.4.5.Improper Payments.Any item of expenditure by Subrecipient under the terms of this Agreement <br /> which is found by auditors, investigators,and other authorized representatives of the County,the US Department <br /> of Treasury,the NC Department of State Treasurer, or other federal or state instrumentality to be improper, <br /> unallowable, in violation of federal or state law,or the terms of this Agreement,or involving any fraudulent, <br /> deceptive,or misleading representations or activities of Subrecipient,shall become Subrecipient's liability,and <br /> shall be paid solely by Subrecipient, immediately upon notification of such,from funds other than those provided <br /> by County under this Agreement or any other agreements between County and Subrecipient.This provision shall <br /> survive the expiration or termination of this Agreement. <br /> Section.4.6.Audits and Access to Records.Subrecipient certifies compliance with applicable provisions of 2 CFR <br /> 200.501-200.521,and continued compliance with these provisions during the term of this section. If Subrecipient is <br /> not required to have a Single Audit as defined by 200.501, US Department of Treasury requirements,or the Single <br /> Audit Act,then Subrecipient shall have a financial audit performed yearly by an independent Certified Public <br /> Accountant.Subrecipient shall provide notice of the completion of any required audits and will provide access to <br /> such audits and other financial information related to the Agreement upon request.Subrecipient certifies that it <br /> will provide County with notice of any adverse findings which impact this Agreement.This obligation extends for <br /> one year beyond the expiration or termination of this Agreement. <br /> Section.4.7.Closeout. Final payment request(s) under this Agreement must be received by County no later than <br /> thirty(30)days after the earlier of the Expiration Date or the last day of the Agreement Term.County will not <br /> accept a payment request submitted after this date without prior authorization from County. In consideration of <br /> the execution of this Agreement by County,Subrecipient agrees that acceptance of final payment from County <br /> will constitute an agreement by Subrecipient to release and forever discharge County, its agents,employees, <br /> officers, representatives,affiliates,successors and assigns from any and all claims,demands,damages, liabilities, <br /> actions,causes of action or suits of any nature whatsoever,which Subrecipient has at the time of acceptance of <br /> final payment or may thereafter have,arising out of, in connection with or in any way relating to any and all <br /> injuries and damages of any kind as a result of or in any way relating to this Agreement.The Subrecipient's <br /> obligations to County under this Agreement shall not terminate until all closeout requirements are completed to <br /> the satisfaction of County. Such requirements shall include submitting final reports to County and providing any <br /> closeout-related information requested by County by the deadlines specified by County.This provision shall <br /> survive the expiration or termination of this Agreement. <br /> Article V.Compliance with Grant Agreement and Applicable Laws. <br /> Section.5.1.General Compliance.Subrecipient shall perform all Approved Activities funded by this Agreement in <br /> accordance with this Agreement,the award agreement between County and the US Department of Treasury,and <br /> all applicable federal,state and local requirements, including all applicable statutes, rules, regulations,executive <br /> orders, directives or other requirements.Such requirements may be different from Subrecipient's current policies <br /> and practices.County may assist Subrecipient in complying with all applicable requirements. However, <br /> Subrecipient remains responsible for ensuring its compliance with all applicable requirements. <br /> 25 of 39 <br />