REPORTING AND AUDIT REQUIREMENTS Clause Samples

REPORTING AND AUDIT REQUIREMENTS. 7.1 The Agency shall be subject to and shall comply with all applicable requirements of LACMTA, the FTA, and the USDOL regarding Project reporting and audit requirements. The Agency shall use the assigned Federal Grant number (CA-57-XXXX) and MOU number (▇▇▇.▇▇ ) on all correspondence. 7.2 The Agency shall submit the following Reports and Certifications to LACMTA for the duration of the Project: (a) Quarterly Narrative and Financial Report on Project Progress. (b) Annual FTA Compliance Self-Certification. (c) Maintenance records for all vehicles funded with the Federal Funds. (d) Other reports that may be required. 7.3 LACMTA and the FTA and/or their respective designees, in order to fulfill their respective responsibilities as the grantee/designated recipient and grantor of the Federal Grant, shall have the right to conduct audits of the Project, as needed, such as financial and compliance audits and performance audits. The Agency shall establish and maintain proper accounting procedures and cash management records and documents in accordance with Generally Accepted Accounting Principles (GAAP) as applied to governmental agencies. The Agency shall reimburse LACMTA for any expenditure not in compliance with the SOW or other terms and conditions of this Agreement, other applicable requirements of LACMTA or requirements of the Federal Grant, or other applicable requirements of the FTA. LACMTA shall use FAR standards in determining the reasonableness of costs incurred. LACMTA shall have the right to conduct an audit using an outside auditing firm. The findings of that LACMTA audit will be final. 7.4 The Agency shall retain all original records and documents related to the Project for a period of three years after final payment or in accordance with the Federal Grant, whichever time period is greater. 7.5 The Agency shall obtain the services of an independent auditor to conduct a single audit of the Project each year in conformance with the provisions of OMB Circular A-133. The Agency shall submit a copy of each single audit to the LACMTA within 30 days of its completion.

REPORTING AND AUDIT REQUIREMENTS. (a) An Approved Applicant shall provide any information whatsoever that FRIAA requests respecting any Proposal, Project or request for Funds, and this provision shall be a requirement of the Approval. This information may be required to be provided in a form prescribed by FRIAA from time to time. (b) At any time FRIAA may request and shall receive from an Approved Applicant: (i) a report from an independent, qualified accountant, in accordance with the (ii) performance of an audit, or prompt, complete responses to audit inquiries or requests; (iii) financial reports co-ordinated to FRIAA’s fiscal year end for each Project detailing how much has been spent for the specific Project and how much remains by approved cost categories; (iv) the submission of technical reports for each Project, co-ordinated to the Approved Applicant’s fiscal year end for each Project summarizing the Eligible Activities completed and what remains to be done; and (v) an end of Project technical report summarizing the results of the Project including any other information as prescribed by FRIAA from time to time required to support FRIAA’s reporting requirements to the Department. (c) FRIAA has a right to conduct random audits on Projects and shall conduct random sample audits and post-Project audits from time to time as may be considered appropriate or expedient at the sole discretion of FRIAA. (d) ▇▇▇▇▇ has a right to have a third party on site at any time and for any length of time that FRIAA considers appropriate to ensure that quality assurance standards are met and the Project is carried out to FRIAA’s satisfaction. (e) Approved Applicants shall maintain or cause to be maintained full, accurate and complete records of their activities conducted in furtherance of and the results achieved through the conduct of the Project for a period of five (5) years following the Term or termination of the Project and shall upon request provide such records to FRIAA.

REPORTING AND AUDIT REQUIREMENTS. IE shall comply with the reporting requirements and audit rights imposed upon Codexis in the Codex-[*] Agreement with respect to [*] and [*], and upon Shell in the Codexis-Shell US License Agreement, as applicable. Upon notice, IE and Codexis each shall comply with the reporting requirements and audit rights imposed in other Third Party Agreements as may be applicable.

REPORTING AND AUDIT REQUIREMENTS. Construction Manager shall furnish all information and reports required by Governmental Authorities to determine Construction Manager’s compliance with the provisions of this Section 2.5 and Applicable Laws, and shall permit access to its books and records by Owner and/or any such Governmental Authority during regular business hours for purposes of investigation to ascertain compliance with this Section 2.5.

REPORTING AND AUDIT REQUIREMENTS. (a) An Approved Applicant shall provide any information whatsoever that FRIAA requests respecting any Proposal, Project or request for Funds, and this provision shall be a requirement of the Approval. This information may be required to be provided in a form prescribed by FRIAA from time to time. (b) At any time FRIAA may request and shall receive from any Approved Applicant: (i) a report from an independent, qualified accountant, in accordance with the (ii) performance of an audit, or prompt, complete responses to audit inquiries or requests; (iii) financial reports co-ordinated to FRIAA’s fiscal year end for each Project detailing how much has been spent for the specific Project and how much remains by approved cost categories; (iv) the submission of technical reports, co-ordinated to the Approved Applicant’s fiscal year end for each Project summarizing the Eligible Activities completed and what remains to be done; and (v) an end-of-Project technical report summarizing the results of the Project. (c) FRIAA has a right to conduct random audits on Projects and shall conduct random sample audits and post-Project audits from time to time as may be considered appropriate or expedient at the sole discretion of FRIAA.

REPORTING AND AUDIT REQUIREMENTS. A. VCTC shall be subject to and shall comply with all applicable requirements of SCRRA and CalSTA regarding reporting and audit requirements. B. VCTC shall submit together with its invoices, written progress reports to SCRRA as specified to determine if VCTC is performing to expectation, is on schedule, and is within funding cost limitations, to provide communication of interim findings and to afford occasions for airing difficulties respecting special problems encountered so that remedies can be developed. Should VCTC fail to submit a complete invoice or project deliverables in accordance with the SERVICES schedule, SCRRA may elect not to pay VCTC until submittal is fully complete. C. Exhibit B is the CalSTA – SCRRA TIRCP Master Agreement. Progress reporting and expenditure documentation shall be in accordance with CalSTA – SCRRA TIRCP Master Agreement. D. SCRRA shall have the right to conduct audits of this MOU such as financial and compliance audits and performance audits. VCTC shall make available and shall ensure its contractors make available, any records, information, material data and documentation needed by the auditors. VCTC shall establish and maintain proper accounting procedures and cash management records and documents in accordance with Generally Accepted Accounting Principles (GAAP). VCTC shall reimburse SCRRA for any expenditure not in compliance with the SERVICES or other terms and conditions of this MOU, other applicable requirements of SCRRA. The allowability of costs for VCTC’s own expenditures submitted to SCRRA shall be in compliance with the CalSTA – SCRRA TIRCP Master Agreement. The allowability of costs for VCTC’s contractors and consultants expenditures submitted to SCRRA through VCTC’s invoices shall be in compliance with the CalSTA – SCRRA TIRCP Master Agreement. SCRRA shall have the right to conduct a final SCRRA audit. The findings of the SCRRA audit will be final. This section shall survive termination of this MOU. E. VCTC shall certify each invoice by reviewing all costs and maintaining internal control to ensure that all expenditures are allocable, allowable and reasonable and VCTC-SCRRA MOU for Simi Valley Double Track and Station Improvement Project in accordance with the CalSTA – SCRRA TIRCP Master Agreement, and the terms and conditions of this MOU. F. VCTC shall also certify final costs of the SERVICES to ensure that all costs are in compliance with the CalSTA – SCRRA TIRCP Master Agreement, and the terms and conditio...

REPORTING AND AUDIT REQUIREMENTS. 4.1 Agency shall submit the Quarterly Progress/Expenditure Report, in the form attached to this Agreement as Attachment D1, within 60 days after the close of each quarter on the last day of the months November, February, May and August. The Quarterly Expense & Progress Report shall include all appropriate documentation and the status of Project funds obligations and expenditures. If no activity has occurred during a particular quarter, Agency will still submit the Quarterly Expense & Progress Report documenting the reason for no activity. These Reports shall be sent to the LACMTA at the address shown in Part I, Section 8, and said Reports will be reviewed and acted upon within thirty

REPORTING AND AUDIT REQUIREMENTS. With respect to option A procurement services, the Federation must retain the complete original procurement file for audit purposes. Upon request, the Federation can send (uncertified) copies of the procurement file to the NS. All originals shall be kept by the Federation for at least 8 years and may be consulted by the NS at the Federation offices upon request.

REPORTING AND AUDIT REQUIREMENTS. The CNA will provide an annual report to the Department by January 31st of each year to include information related to accomplishments and developments over the year. The report will be available in written and electronic format and in a manner that will allow comprehension by visually impaired individuals. The CNA will be required to perform the following audits and reports, and provide the Department access to these, upon request: a. Externally required audits and reports: o Annual audits of Financial Statements will be conducted by an independent accounting firm in accordance with auditing standards generally accepted in the United States and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. The CNA will comply with State auditing standards. o Annual audits of the Workers’ Compensation policy. o Annual filing of IRS form 990 – Return of Organization Exempt from Income Tax. o Quarterly filing of State Unemployment Tax Return – Form UCT-6 (Florida) and Federal. b. Payroll Tax Return – Form 941. Internally required audits and reports: o Monthly and Quarterly Sales reports for the CNA by commodity/service, by Customer and by the Employment Center. o Monthly Financial Statements which include, at a minimum, cumulative actual and pro-forma, comparatives, and projections. o Monthly and Quarterly Aged Receivable Reports. o Monthly and Quarterly Aged Payable Reports. o Annual Assessment of Sales report to review CNA fee based on volume of sales. c. The CNA shall report annual performance activity on the following measures: o Achieve an average rating of 90% on Annual Employee satisfaction surveys. o Provide annual training for all Employment Centers on health and safety issues. o Ensure that 75% of CNA staff attend MFMP university courses annually. o Increase the average hourly wage of individuals served to meet or exceed Florida’s minimum wage. o Increase the number of Direct Labor hours performed annually by 3%. In addition to the reporting and audit requirements, above, the CNA must maintain records of all CNA employees. These records must be made available to the Department, upon request.