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5 <br /> Department of Treasury and the reports required in accordance with the following <br /> schedule: <br /> i. Payment validations (monthly) <br /> ii. Performance Report reviews (quarterly) <br /> iii. Undergo Desk reviews (at least once per year and more frequently if requested <br /> by County or subrecipient) <br /> iv. Undergo Onsite reviews (upon request of County or subrecipient) <br /> V. Undergo Audit review (yearly) <br /> This provision shall survive the expiration or termination of this Agreement with <br /> respect to any reports which the Subrecipient is required to submit to the County <br /> following the expiration or termination of this Agreement. <br /> e. Improper Payments. Any item of expenditure by the Subrecipient under the terms of <br /> this Agreement which is found by auditors, investigators, and other authorized <br /> representatives of the County, the Department of Treasury, or other federal <br /> instrumentality to be improper,unallowable, in violation of federal or state law, or the <br /> terms of this Agreement, or involving any fraudulent, deceptive, or misleading <br /> representations or activities of the Subrecipient, shall become the Subrecipient's <br /> liability,to be paid by Subrecipient from funds other than those provided by the County <br /> under this Agreement or any other agreements between the County and the <br /> Subrecipient. This provision shall survive the expiration or termination of this <br /> Agreement. <br /> f. Audited Financial Statements. In any fiscal year in which Subrecipient expends <br /> $750,000 or more in federal awards during such fiscal year, including awards received <br /> as a Subrecipient, the Subrecipient must comply with the federal audit requirements <br /> contained in the Uniform Guidance, 2 CFR Part 200, including the preparation of an <br /> audit by an independent Certified Public Accountant in accordance with the 31 U.S.C. <br /> §§ 7501 et seq., and with Generally Accepted Accounting Principles. If the <br /> Subrecipient expends less than $750,000 in federal awards in any fiscal year, it is <br /> exempt from federal audit requirements,but its records must be available for review by <br /> the County and appropriate officials of the Federal Government, and it must still have <br /> a financial audit performed for that year by an independent Certified Public <br /> Accountant. The Subrecipient shall provide the County with a copy of Subrecipient's <br /> most recent audited financial statements, federal Single Audit report, if applicable <br /> (including financial statements, schedule of expenditures of federal awards, schedule <br /> of findings and questioned costs, summary of prior audit findings,and corrective action <br /> plan, if applicable), and management letter within thirty (30) days after execution of <br /> this Agreement and thereafter within nine (9) months following the end of the <br /> Subrecipient's most recently ended fiscal year. <br /> g. Program Income. The Subrecipient shall report monthly all program income as defined <br /> in 2 CFR 200.80 generated by activities carried out with ARPA Funds made available <br /> under this Agreement. The use of program income by the Subrecipient shall comply <br /> with the requirements set forth in 2 CFR 200.307. By way of further limitations, the <br /> Subrecipient may use such income during the Agreement period for activities permitted <br /> 4 <br />