Common use of MONITORING AND REPORTING REQUIREMENTS Clause in Contracts

MONITORING AND REPORTING REQUIREMENTS. Reporting is REQUIRED under this SubGrant. Reporting will include but is not necessarily limited to: quarterly and final reporting. Monitoring may consist of quarterly desk reviews of the financials and programmatic reports that may require backup documentation from the SUBRECIPIENT. Reports must be submitted by an authorized agent of the SUBRECIPIENT. Failure to submit timely, accurate and fully executed reports shall constitute an “Event of Default” and will result in a mandate to return any funds already disbursed under this SubGrant, and/or the withholding of current and future payments under this agreement until such time as the reporting irregularities are resolved to the Municipality’s satisfaction, such satisfaction shall not be unreasonably withheld.