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4 <br /> <br />Department of Treasury and the reports required in accordance with the following <br />schedule: <br /> <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 /> <br /> <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 /> <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 /> <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 /> <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 />DocuSign Envelope ID: E9696229-2C10-4E21-876A-3D5C1D00DF70