Inspections and Monitoring Clause Samples

Inspections and Monitoring. (a) Subrecipient shall cooperate and comply DEO, HUD, and auditors with any inspections and will immediately provide access to records and financial statements as deemed necessary by DEO, HUD, and their respective auditors at least in accordance with requirements of 2 CFR part 200 and 24 CFR 570.489. (b) Subrecipient shall cooperate and comply with monitoring of its activities as deemed necessary to ensure that the subaward is used for authorized purposes in compliance with federal statutes, regulations, of this Agreement. (c) Without limiting the actions DEO, HUD, or their respective investigators may take, monitoring procedures will include at a minimum: (1) reviewing financial and performance reports required by the Grantee, (2) following-up and ensuring that Subrecipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to Subrecipient from the Grantee as detected through audits, on-site reviews and other means, and (3) issuing a management decision for audit findings pertaining to this Federal award provided to Subrecipient from the Grantee as required by 2 CFR §200.521. (d) Corrective Actions: DEO may issue management decisions and may consider taking enforcement actions if noncompliance is detected during audits DEO may require Subrecipient to take timely and appropriate action on all deficiencies pertaining to the Federal award provided to Subrecipient from the pass-through entity as detected through audits, on-site reviews and other means. In response to audit deficiencies or other findings of noncompliance with this agreement, DEO may in its sole discretion and without advance notice, impose additional conditions on the use of the CDBG-DR funds to ensure future compliance or provide training and technical assistance as needed to correct noncompliance. DEO may also take other action as stated in Paragraph (12) Remedies or otherwise allowable by law.

Inspections and Monitoring. The Subrecipient shall permit DEO and auditors to have access to the Subrecipient's records and financial statements as necessary for DEO to meet the requirements of 2 CFR part 200. The Subrecipient must submit to monitoring of its activities by DEO as necessary to ensure that the subaward is used for authorized purposes, in compliance with Federal statutes, regulations, and the terms and conditions of this agreement. This review must include: (1) Reviewing financial and performance reports required by DEO; (2) Following up and ensuring that the Subrecipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to the Subrecipient from DEO detected through audits, on-site reviews, and other means; and (3) Issuing a management decision for audit findings pertaining to this Federal award provided to the Subrecipient from DEO as required by 2 CFR §200.521.

Inspections and Monitoring. Subrecipients must constantly monitor performance to ensure that time schedules are being met, projected milestones are being accomplished, and other performance goals are being achieved in accordance with the approved application. In addition, all activities must be conducted in compliance with federal and state requirements. Problems, delays, or adverse conditions affecting the Subrecipient's ability to meet grant objectives or time schedules should be reported to OHCS. The Subrecipient may report these matters via the monthly Performance Report or may contact OHCS, as appropriate, at any other time. The Subrecipient shall permit OHCS and auditors to have access to the Subrecipient's records and financial statements as necessary for OHCS to meet the requirements of 2 C.F.R. Part 200.

Inspections and Monitoring. (a) Subrecipient shall cooperate and comply with DEO, HUD, and auditors with any inspections and will immediately provide access to records and financial statements as deemed necessary by ▇▇▇, HUD, and their respective auditors at least in accordance with requirements of 2 CFR part 200 and 24 CFR 570.489. (b) Subrecipient shall cooperate and comply with monitoring of its activities as deemed necessary by DEO to ensure that the subaward is used for authorized purposes in compliance with federal statutes, regulations, and this Agreement. (c) Without limiting the actions DEO, HUD, or their respective investigators may take, monitoring procedures will include at a minimum: (1) reviewing financial and performance reports required by ▇▇▇;

Inspections and Monitoring. (a) Subrecipient shall cooperate and comply with DEO, HUD, and auditors with any inspections and will immediately provide access to records and financial statements as deemed necessary by ▇▇▇, HUD, and their respective auditors at least in accordance with requirements of 2 CFR part 200 and 24 CFR 570.489. (b) Subrecipient shall cooperate and comply with monitoring of its activities as deemed necessary by DEO to ensure that the subaward is used for authorized purposes in compliance with federal statutes, regulations, and this Agreement. (c) Without limiting the actions DEO, HUD, or their respective investigators may take, monitoring procedures will include at a minimum: (1) reviewing financial and performance reports required by the Grantee, (2) following-up and ensuring that Subrecipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to Subrecipient from the Grantee as detected through audits, on-site reviews and other means, and (3) issuing a management decision for audit findings pertaining to this Federal award provided to Subrecipient from the Grantee as required by 2 CFR §200.521.

Inspections and Monitoring. The Subrecipient shall permit the Grantee, HUD, WVDED, WV State Auditor, and auditors to have access to the Subrecipient's records and financial statements as necessary for the Grantee to meet the requirements of 2 CFR Part 200. This access will also include the WVDED Internal Auditor which is required by the CDBG-MIT Federal Registers. The Subrecipient must submit to monitoring of its activities by the Grantee as necessary to ensure that the Subaward is used for authorized purposes, in compliance with Federal statutes, regulations, and the terms and conditions of this Agreement. This review must include: (1) reviewing financial and performance reports required by the Grantee; (2) following-up and ensuring that the Subrecipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to the Subrecipient from the Grantee detected through audits, on-site reviews, and other means; and (3) issuing a management decision for audit findings pertaining to this Federal award provided to the Subrecipient from the Grantee as required by 2 CFR 200.521.

Inspections and Monitoring. 1. During normal business hours, all of the GRANTEE’s records relating to this Agreement shall be made available for examination by the City Council, any Committee of the City Council, the CITY and/or their representatives. 2. The GRANTEE will permit the CITY to audit, examine, and make excerpts and transcripts from such books and records, and to make audits of all payment requests, invoices, materials, payrolls, records or personnel and other data related to all other matters covered by this Agreement. The GRANTEE shall maintain such data and records in an accessible location and condition for a period of not less than six (6) years after final payment under this Grant or until after final audit has been resolved, whichever is later. The CITY acknowledges that the documents and records presented for inspection may be the GRANTEE’s confidential information. 3. The books, records, and documents shall be subject at all reasonable times to inspection, review, or audit by the CITY, or any duly authorized agent or representative of the CITY. The CITY acknowledges that the documents and records presented for inspection may be the GRANTEE's confidential information and will adhere to the CITY’s policy regarding the handling of and access to such information, if provided to the CITY by the GRANTEE. 4. The GRANTEE shall monitor the performance of all activities undertaken pursuant to this Agreement to assure that time schedules are being met, projected outcomes are being accomplished and other performance goals, as defined in the approved Grant Proposal, attached hereto and made a part hereof which is part of this Agreement, are being achieved. 5. The GRANTEE shall inform the DCS Director, in writing, of all conditions that may negatively affect or are negatively affecting program objectives or performance as soon as they are known. These conditions include but are not limited to circumstances and problems that prevent the meeting of time schedules and goals or preclude the attainment of projected outcomes within established time periods. The disclosure shall be accompanied by a statement of the action taken or contemplated by the GRANTEE to correct the problems and the time frame within which corrective action will be taken. 6. The CITY may, at any reasonable time, make site visits to: A. Review program accomplishments and management and financial control systems; or B. Provide technical assistance. 7. On a monthly basis until the final report for this CITY funded...

Inspections and Monitoring. To monitor the collateral base and to assist in calculating the Maximum AlIowabIe Funding, Borrower shall provide to Bank monthly a report of construction completion status on the Bank's form, or other form approved by Bank, for all units financed under the Loans. Inspection fees under the Loans will be $125 per unit, irrespective of the number of times Bank elects to inspect. 7. Paragraph 5.9 of the Loan Agreement is amended as follows: Title insurance coverage for the Loan under a loan policy or policies of title insurance with revolving credit endorsement shall continue to insure advances under the Loan. 8. Paragraph 5.11 of the Loan Agreement is amended as follows: Borrower will provide Bank with (a) quarterly 10-Q filings for International American Homes, Inc., including internally prepared consolidating financial information for wholly-owned subsidiaries, within 90 days of the end of each quarter; (b) annual 10-K for International American Homes, Inc., including consolidating financial information for wholly-owned subsidiaries, within 120 days of fiscal year end, and (c) annual and quarterly inventory and sales reports. 9. Paragraph 5.18 of the Loan Agreement is amended as follows: (a) Bank will fund under the Loan up to but not in excess of an amount, referred to here as the Aggregate Maximum Allowable Funding, which is from time to time the aggregate sum of the Maximum Allowable Funding amount for all units and lots subject to the Loan. In calculating the Maximum Allowable Funding, the amount which has been advanced or which is eligible to be advanced on account of the underlying land lot is referred to herein as the Lot Advance. The Maximum Allowable Funding amount for a pre-sold unit will be the sum of (1) the Lot Advance, plus (2) the product of (a) the then current percentage of completion of the unit, times (b) an amount which does not exceed 100% of the unit cost breakdown (not including the Lot Advance) submitted by Borrower and approved by Bank, nor the lesser of 1) 80% of the completed value of each unit, which amount shall be determined by a valuation acceptable to Bank, less the Lot Advance, or 2) 80% of the contracted purchase price of the unit, less the Lot Advance. The Maximum Allowable Funding amount for a model or spec unit will be the sum of (1) the Lot Advance, plus (2) the product of (a) the then current percentage of completion of the unit, times (b) an amount which does not exceed 100% of the unit cost breakdown submitted by Bo...

Inspections and Monitoring. The Foundation or its representative may conduct reasonable inspections and monitor the Grantee's performance under this Agreement. The Foundation shall review ▇▇▇▇▇▇▇'s performance of activities and services, funding, execution, and documentation of expenditures on a continuing basis.