ALLOWABLE COSTS AND AUDIT REQUIREMENTS Clause Samples

ALLOWABLE COSTS AND AUDIT REQUIREMENTS. 9 4.1 Allowable Costs. 9 4.2 Audits and Financial Statements 10 4.3 Submission of Audits and Financial Statements 11
View SourceView Similar (597)
ALLOWABLE COSTS AND AUDIT REQUIREMENTS. 11 4.1 Allowable Costs 11 4.2 Audits and Financial Statements 11 4.3 Submission of Audits and Financial Statements 12 ARTICLE V. WARRANTY, AFFIRMATIONS, ASSURANCES AND CERTIFICATIONS 12 5.1 Warranty 12 5.2 General Affirmations 13 5.3 Federal Assurances 13 5.4 Federal Certifications 13 5.5 State Assurances 13 ARTICLE VI. INTELLECTUAL PROPERTY 13 6.1 Ownership of Work Product 13 6.2 Grantee’s Pre-Existing Works 14 6.4 Agreements with Employees and Subcontractors 14 6.5 Delivery upon Termination or Expiration 15 6.6 Survival 15 6.7 System Agency Data 15 ARTICLE VII. PROPERTY 15 7.1 Use of State Property 15 7.2 Damage to State Property 16
View SourceView Similar (250)
ALLOWABLE COSTS AND AUDIT REQUIREMENTS. 11 4.1 Allowable Costs 11 4.2 Audits and Financial Statements 11 4.3 Submission of Audits and Financial Statements 12 ARTICLE V. WARRANTY, AFFIRMATIONS, ASSURANCES AND CERTIFICATIONS 12 5.1 Warranty 12 5.2 General Affirmations 13 5.3 Federal Assurances 13 5.4 Federal Certifications 13 5.5 State Assurances 13 ARTICLE VI. INTELLECTUAL PROPERTY 13 6.1 Ownership of Work Product 13 6.2 Grantee’s Pre-Existing Works 14 6.4 Agreements with Employees and Subcontractors 14 6.5 Delivery upon Termination or Expiration 14 6.6 Survival 15 6.7 System Agency Data 15 ARTICLE VII. PROPERTY 15 7.1 Use of State Property 15 7.2 Damage to State Property 16 7.3 Property Rights upon Termination or Expiration of Contract 16 7.4 Equipment and Property 16 ARTICLE VIII. RECORD RETENTION, AUDIT, AND CONFIDENTIALITY 17 8.1 Record Maintenance and Retention 17 8.2 Agency’s Right to Audit 17 8.3 Response/Compliance with Audit or Inspection Findings 18 8.4 State Auditor’s Right to Audit 18 8.5 Confidentiality 18 ARTICLE IX. GRANT REMEDIES, TERMINATION AND PROHIBITED ACTIVITIES 18 9.2 Termination for Convenience 19 9.3 Termination for Cause 19 9.4 Grantee Responsibility for System Agency’s Termination Costs 20 9.5 Inherently Religious Activities 20 9.6 Political Activities 20 ARTICLE X. INDEMNITY 21 10.1 General Indemnity 21 10.2 Intellectual Property 21 10.3 Additional Indemnity Provisions 21 ARTICLE XI. GENERAL PROVISIONS 22 11.2 No Quantity Guarantees 22 11.3 Child Abuse Reporting Requirements 22 11.4 Certification of Meeting or Exceeding Tobacco-Free Workplace Policy Minimum Standards 22 11.5 Insurance and Bonds 23 11.6 Limitation on Authority 23 11.7 Change in Laws and Compliance with Laws 24 11.8 Subcontractors 24 11.9 Permitting and Licensure 24 11.10 Independent Contractor 24 11.11 Governing Law and Venue 25 11.13 Survivability 25 11.14 Force Majeure 25 11.15 No Implied Waiver of Provisions 25 11.16 Funding Disclaimers and Labeling 25 11.17 Media Releases 26 11.18 Prohibition on Non-Compete Restrictions 26 11.19 Sovereign Immunity 26 11.20 Entire Contract and Modification 27 11.21 Counterparts 27 11.22 Proper Authority 27 11.23 E-Verify Program 27 11.24 Civil Rights 27 11.25 Enterprise Information Management Standards 28 11.26 Disclosure of Litigation 28 11.27 No Third Party Beneficiaries 29 11.28 Binding Effect 29
View SourceView Similar (19)
ALLOWABLE COSTS AND AUDIT REQUIREMENTS. 11 4.1 Allowable Costs 11 4.2 Audits and Financial Statements 11 4.3 Submission of Audits and Financial Statements 12 ARTICLE V. WARRANTY, AFFIRMATIONS, ASSURANCES AND CERTIFICATIONS 12 5.1 WARRANTY 12 5.2 General Affirmations 13 5.3 Federal Assurances 13 5.4 Federal Certifications 13 5.5 State Assurances 13 ARTICLE VI. INTELLECTUAL PROPERTY 13
View SourceView Similar (6)
ALLOWABLE COSTS AND AUDIT REQUIREMENTS. 4 3.01 Allowable Costs 4 3.02 Purchases with Contract Funds 5 3.03 Administrative Costs 5 3.04 Disallowance of Costs 5 3.05 Independent Audit 5 3.06 Interest Earned 6 4.01 Compliance 6 4.02 CARE Entry 6
View SourceView Similar (4)
ALLOWABLE COSTS AND AUDIT REQUIREMENTS. 10 4.1 Allowable Costs 10
View Source
ALLOWABLE COSTS AND AUDIT REQUIREMENTS 
View SourceView Similar (456)

Related to ALLOWABLE COSTS AND AUDIT REQUIREMENTS

  • Single Audit Requirements 11.1. If a Subrecipient expends $750,000 or more in Federal Awards during the Subrecipient’s fiscal year, the Subrecipient shall procure or arrange for a single or program-specific audit conducted for that year in accordance with the provisions of Subpart F-Audit Requirements of the Uniform Guidance, issued pursuant to the Single Audit Act Amendments of 1996, (31 U.S.C. 7501-7507). 2 CFR 200.501.

  • Audit Requirements A. Unless waived by the Agency, the Contractor shall submit an annual audit to the Agency if the total amount of annual (i.e., calendar year) funding provided by the Agency, and all its Counties or Divisions taken collectively, is $100,000.00 or more. In determining the amount of annual funding provided to the Contractor, the Contractor shall consider both: (1) funds provided through direct contracts with the Agency and (2) funds from another Agency, which has one or more contracts with the Contractor.

  • Audit Requirement If the City expend(s) seven hundred fifty thousand dollars ($750,000) or more in a year in federal financial assistance it is required to have an independent annual audit conducted in accordance with 2 CFR Part 200. A copy of the audit report shall be submitted to MoDOT within the earlier of thirty (30) days after receipt of the auditor's report(s), or nine (9) months after the end of the audit period. Subject to the requirements of 2 CFR Part 200, if the City expend(s) less than seven hundred fifty thousand dollars ($750,000) a year, the City may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.

  • Allowable Costs A. Allowable Costs are restricted to costs that are authorized under Texas Uniform Grant Management Standards (TxGMS) and applicable state and federal rules and laws. This Grant Agreement is subject to all applicable requirements of TxGMS, including the criteria for Allowable Costs. Additional federal requirements apply if this Grant Agreement is funded, in whole or in part, with federal funds. B. System Agency will reimburse Grantee for actual, allowable, and allocable costs incurred by Grantee in performing the Project, provided the costs are sufficiently documented. Grantee must have incurred a cost prior to claiming reimbursement and within the applicable term to be eligible for reimbursement under this Grant Agreement. At its sole discretion, the System Agency will determine whether costs submitted by Grantee are allowable and eligible for reimbursement. The System Agency may take repayment (recoup) from remaining funds available under this Grant Agreement in amounts necessary to fulfill Grantee’s repayment obligations. Grantee and all payments received by Grantee under this Grant Agreement are subject to applicable cost principles, audit requirements, and administrative requirements including applicable provisions under 2 CFR 200, 48 CFR Part 31, and TxGMS. C. OMB Circulars will be applied with the modifications prescribed by TxGMS with effect given to whichever provision imposes the more stringent requirement in the event of a conflict.