Common use of FINANCIAL STATUS REPORTING Clause in Contracts

FINANCIAL STATUS REPORTING. i. Subrecipient is subject to the OMB guidance in subparts A through F of 2 CFR Part 200, as adopted and supplemented by the USDA in 2 CFR Part 400 and must follow the regulations found in 2 CFR 200.331 through 2 CFR 200.333. ii. All subawards $30,000 or more must be reported at ▇▇▇▇.▇▇▇ in compliance with 2 CFR 170. See Attachment for full text. iii. All financial and programmatic records and supporting documents pertinent to this award must be kept for a period of three years from the date of submission of the final financial statement report including expenditures from this award, per federal regulations. These records may be subject to an audit by the federal donor agency, GreenLatinos and/or their representatives. All records are to be maintained for the additional duration necessary to complete an audit and/or resolve all questions concerning expenditures, unless approval has been provided from GreenLatinos to dispose of records. iv. If any litigation, claim or audit is started before the expiration of the three-year period, the records shall be retained until litigation, claims or audit findings involving the records has been resolved. v. Subrecipient is expected to take reasonable care that systems are in place to ensure funds expended under this award are used for the purposes described in the subaward and can be properly accounted for.

FINANCIAL STATUS REPORTING. i. Subrecipient is subject to the OMB guidance in subparts A through F of 2 CFR Part 200, as adopted and supplemented by the USDA in 2 CFR Part 400 and must follow the regulations found in 2 CFR 200.331 through 2 CFR 200.333. ii. All subawards $30,000 or more must be reported at ▇▇▇▇.▇▇▇ in compliance with 2 CFR 170. See Attachment for full text. iii. All financial financial and programmatic records and supporting documents pertinent to this award must be kept for a period of three years from the date of submission of the final financial final financial statement report including expenditures from this award, per federal regulations. These records may be subject to an audit by the federal donor agency, GreenLatinos and/or their representatives. All records are to be maintained for the additional duration necessary to complete an audit and/or resolve all questions concerning expenditures, unless approval has been provided from GreenLatinos to dispose of records. iv. If any litigation, claim or audit is started before the expiration of the three-year period, the records shall be retained until litigation, claims or audit findings findings involving the records has been resolved. v. Subrecipient is expected to take reasonable care that systems are in place to ensure funds expended under this award are used for the purposes described in the subaward and can be properly accounted for.