Common use of Reporting and Auditing Requirements Clause in Contracts

Reporting and Auditing Requirements. As well as conferring with the DNR Grant Supervisor, the Grantee will maintain financial and progress reports. Reports will be accompanied by documentation showing that the charges are for allowable purposes and that the expenditure listings are accurate and suitable for audit. In addition to the summary documentation submitted to the DNR, (listed in Section 2) the Grantee will keep complete financial records such that all charges, whether paid from grant funds or from the Grantee's matching funds, can be readily traced to their origins. Basic documents required to be maintained for audit include but are not limited to the landowner ▇▇▇▇▇▇▇▇ and receivable and vouchers authorizing payments charged to this program. The Grantee's report(s) will be submitted on forms supplied by the DNR. The project and related reports are subject to audit by both the DNR and the USDA Forest Service. This may include both financial and program audits. Grantees receiving $750,000 or more of federal assistance in one year must comply with the Single Audit Act of 1984, which includes an audit prepared by a recognized independent certified public accountant. A copy of this report must be submitted to the DNR.

Reporting and Auditing Requirements. As well as conferring with the DNR Grant Supervisor, the Grantee will maintain financial and progress reports. Reports will be accompanied by documentation showing that the charges are for allowable purposes and that the expenditure listings are accurate and suitable for audit. In addition to the summary documentation submitted to the DNR, (listed in Section 2) the Grantee will keep complete financial records such that all charges, whether paid from grant funds or from the Grantee's matching funds, can be readily traced to their origins. Basic documents required to be maintained for audit include but are not limited to the landowner ▇▇▇▇▇▇▇▇ and receivable and vouchers authorizing payments charged to this program. The Grantee's report(s) will be submitted on forms supplied by the DNR. The project and related reports are subject to audit by both the DNR and the USDA Forest Service. This may include both financial and program audits. Grantees receiving $750,000 300,000 or more of federal assistance in one year must comply with the Single Audit Act of 1984, which includes an audit prepared by a recognized independent certified public accountant. A copy of this report must be submitted to the DNR.