Common use of Uniform Grant Administrative Requirements and Cost Principles Clause in Contracts

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this contract, the Developer shall comply with the applicable requirements of 2 C.F.R. Part 200, specifically, Standards for Financial Management systems, as follows: (a) Developer is required to relate financial data to performance data and develop unit cost information whenever practical. (b) Developer's financial management systems shall provide for the following: (1) Accurate, current and complete disclosure of the financial results of each federally sponsored project or program in accordance with the reporting requirements set forth in 2 C.F.R. §§ 200.327 and 200.328. Ifa recipient maintains its records on other than an accrual basis, the developer shall not be required to establish an accrual accounting system. The Developer may develop such accrual data for reports on the basis of an analysis of the documentation on hand. (2) Records that identify adequately the source and application of funds for federally sponsored activities. These records shall contain information pertaining to Federal awards, authorizations, obligations, unobligated balances, assets, outlays, income, and interest. (3) Effective control over and accountability for all funds, property, and other assets. The Developer shall adequately safeguard all such assets and assure they are used solely for authorized purposes. (4) Comparison of outlays with budget amounts for each award. Whenever appropriate, financial information should be related to performance and unit cost data. (5) Written procedures to minimize the time elapsing between the transfer of funds to the developer from the City, and the issuance or redemption of checks, warrants or payments by other means for program purposes by the Developer. To the extent that the provisions ofthe Cash Management Improvement Act (hereinafter CMIA) (Pub. L. 101- 453) govern, payment methods ofState agencies, instrumentalities, and fiscal agents shall be consistent with CMIA Treasury-State Agreements or the CMIA default procedures codified at 31 C.F.R. Part 205, "Withdrawal ofCash from the Treasury for Advances under Federal Grant and Other Programs." (6) Written procedures for determining the reasonableness, allocability and allowability ofcosts in accordance with the provisions ofthe applicable Federal cost principles and the terms and conditions ofthe award. (7) Accounting records including cost accounting records that are supported by source documentation. (c) Where the City guarantees or ensures the repayment ofmoney borrowed by the Developer, The City, at its discretion, may require adequate bonding and insurance ifthe bonding and insurance requirements ofthe recipient are not deemed adequate to protect the interest ofthe City. (d) The City may require adequate fidelity bond coverage where the Developer lacks sufficient coverage to protect the City's interest. (e) Where bonds are required in the situations described above, the bonds shall be obtained from companies holding certificates ofauthority as acceptable sureties, as prescribed in 31 C.F.R. Part 223, "Surety Companies Doing Business with the United States."

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this contract, the Developer shall comply with the applicable requirements of 2 C.F.R. Part 200, specifically, Standards for Financial Management systems, as follows: (a) Developer is required to relate financial data to performance data and develop unit cost information whenever practical. (b) Developer's financial management systems shall provide for the following: (1) Accurate, current and complete disclosure of the financial results of each federally sponsored project or program in accordance with the reporting requirements set forth in 2 C.F.R. §§ 200.327 and 200.328. Ifa recipient maintains its records on other than an accrual basis, the developer shall not be required to establish an accrual accounting system. The Developer may develop such accrual data for reports on the basis of an analysis of the documentation on hand. (2) Records that identify adequately the source and application of funds for federally sponsored activities. These records shall contain information pertaining to Federal awards, authorizations, obligations, unobligated balances, assets, outlays, income, and interest. (3) Effective control over and accountability for all funds, property, and other assets. The Developer shall adequately safeguard all such assets and assure they are used solely for authorized purposes. (4) Comparison of outlays with budget amounts for each award. Whenever appropriate, financial information should be related to performance and unit cost data. (5) Written procedures to minimize the time elapsing between the transfer of funds to the developer from the City, and the issuance or redemption of checks, warrants or payments by other means for program purposes by the Developer. To the extent that the provisions ofthe of the Cash Management Improvement Act (hereinafter CMIA) (Pub. L. 101- 453) govern, payment methods ofState of State agencies, instrumentalities, and fiscal agents shall be consistent with CMIA Treasury-State Agreements or the CMIA default procedures codified at 31 C.F.R. Part 205, "Withdrawal ofCash of Cash from the Treasury for Advances under Federal Grant and Other Programs." (6) Written procedures for determining the reasonableness, allocability and allowability ofcosts of costs in accordance with the provisions ofthe of the applicable Federal cost principles and the terms and conditions ofthe of the award. (7) Accounting records including cost accounting records that are supported by source documentation. (c) Where the City guarantees or ensures the repayment ofmoney of money borrowed by the Developer, The City, at its discretion, may require adequate bonding and insurance ifthe if the bonding and insurance requirements ofthe of the recipient are not deemed adequate to protect the interest ofthe of the City. (d) The City may require adequate fidelity bond coverage where the Developer lacks sufficient coverage to protect the City's interest. (e) Where bonds are required in the situations described above, the bonds shall be obtained from companies holding certificates ofauthority of authority as acceptable sureties, as prescribed in 31 C.F.R. Part 223, "Surety Companies Doing Business with the United States."

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this contract, the Developer shall comply with the applicable requirements of 2 C.F.R. Part 200, specifically, Standards for Financial Management systems, as follows: (a) Developer is required to relate financial data to performance data and develop unit cost information whenever practical. (b) Developer's financial management systems shall provide for the following: (1) Accurate, current and complete disclosure of the financial results of each federally sponsored project or program in accordance with the reporting requirements set forth in 2 C.F.R. §§ 200.327 and 200.328. Ifa If a recipient maintains its records on other than an accrual basis, the developer shall not be required to establish an accrual accounting system. The Developer may develop such accrual data for reports on the basis of an analysis of the documentation on hand. (2) Records that identify adequately the source and application of funds for federally sponsored activities. These records shall contain information pertaining to Federal awards, authorizations, obligations, unobligated balances, assets, outlays, income, and interest. (3) Effective control over and accountability for all funds, property, and other assets. The Developer shall adequately safeguard all such assets and assure they are used solely for authorized purposes. (4) Comparison of outlays with budget amounts for each award. Whenever appropriate, financial information should be related to performance and unit cost data. (5) Written procedures to minimize the time elapsing between the transfer of funds to the developer from the City, and the issuance or redemption of checks, warrants or payments by other means for program purposes by the Developer. To the extent that the provisions ofthe of the Cash Management Improvement Act (hereinafter CMIA) (Pub. L. 101- 453) govern, payment methods ofState of State agencies, instrumentalities, and fiscal agents shall be consistent with CMIA Treasury-State Agreements or the CMIA default procedures codified at 31 C.F.R. Part 205, "Withdrawal ofCash of Cash from the Treasury for Advances under Federal Grant and Other Programs." (6) Written procedures for determining the reasonableness, allocability and allowability ofcosts in accordance with the provisions ofthe applicable Federal cost principles and the terms and conditions ofthe of the award. (7) Accounting records including cost accounting records that are supported by source documentation. (c) Where the City guarantees or ensures the repayment ofmoney of money borrowed by the Developer, The City, at its discretion, may require adequate bonding and insurance ifthe if the bonding and insurance requirements ofthe of the recipient are not deemed adequate to protect the interest ofthe of the City. (d) The City may require adequate fidelity bond coverage where the Developer lacks sufficient coverage to protect the City's interest. (e) Where bonds are required in the situations described above, the bonds shall be obtained from companies holding certificates ofauthority of authority as acceptable sureties, as prescribed in 31 C.F.R. Part 223, "Surety Companies Doing Business with the United States."

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this ofthis contract, the Developer shall comply with the applicable requirements of 2 C.F.R. Part 200, specifically, Standards for Financial Management systems, as follows: (a) Developer is required to relate financial data to performance data and develop unit cost information whenever practical. (b) Developer's financial management systems shall provide for the following: (1) Accurate, current and complete disclosure of the financial results of each federally sponsored project or program in accordance with the reporting requirements set forth in 2 C.F.R. §§ 200.327 and 200.328. Ifa If a recipient maintains its records on other than an accrual basis, the developer shall not be required to establish an accrual accounting system. The Developer may develop such accrual data for reports on the basis of an analysis of the documentation on hand. (2) Records that identify adequately the source and application of funds for federally sponsored activities. These records shall contain information pertaining to Federal awards, authorizations, obligations, unobligated balances, assets, outlays, income, and interest. (3) Effective control over and accountability for all funds, property, and other assets. The Developer shall adequately safeguard all such assets and assure they are used solely for authorized purposes. (4) Comparison of outlays with budget amounts for each award. Whenever appropriate, financial information should be related to performance and unit cost data. (5) Written procedures to minimize the time elapsing between the transfer of funds to the developer from the City, and the issuance or redemption of checks, warrants or payments by other means for program purposes by the Developer. To the extent that the provisions ofthe Cash Management Improvement Act (hereinafter CMIA) (Pub. L. 101- 453) govern, payment methods ofState agencies, instrumentalities, and fiscal agents shall be consistent with CMIA Treasury-State Agreements or the CMIA default procedures codified at 31 C.F.R. Part 205, "Withdrawal ofCash from the Treasury for Advances under Federal Grant and arid Other Programs." (6) Written procedures for determining the reasonableness, allocability and allowability ofcosts in accordance with the provisions ofthe applicable Federal cost principles and the terms and conditions ofthe award. (7) Accounting records including cost accounting records that are supported by source documentation. (c) Where the City guarantees or ensures the repayment ofmoney borrowed by the Developer, The City, at its discretion, may require adequate bonding and insurance ifthe bonding and insurance requirements ofthe recipient are not deemed adequate to protect the interest ofthe City. (d) The City may require adequate fidelity bond coverage where the Developer lacks sufficient coverage to protect the City's interest. (e) Where bonds are required in the situations described above, the bonds shall be obtained from companies holding certificates ofauthority as acceptable sureties, as prescribed in 31 C.F.R. Part 223, "Surety Companies Doing Business with the United States."

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this ofthis contract, the Developer shall comply with the applicable requirements of 2 C.F.R. Part 200, specifically, Standards for Financial Management systems, as follows: (a) Developer is required to relate financial data to performance data and develop unit cost information whenever practical. (b) Developer's financial management systems shall provide for the following: (1) Accurate, current and complete disclosure of the financial results of each ofeach federally sponsored project or program in accordance with the reporting requirements set forth in 2 C.F.R. §§ 200.327 and 200.328. Ifa If a recipient maintains its records on other than an accrual basis, the developer shall not be required to establish an accrual accounting system. The Developer may develop such accrual data for reports on the basis of an analysis of the ofthe documentation on hand. (2) Records that identify adequately the source and application of funds for federally sponsored activities. These records shall contain information pertaining to Federal awards, authorizations, obligations, unobligated balances, assets, outlays, income, and interest. (3) Effective control over and accountability for all funds, property, and other assets. The Developer shall adequately safeguard all such assets and assure they are used solely for authorized purposes. (4) Comparison of outlays with budget amounts for each award. Whenever appropriate, financial information should be related to performance and unit cost data. (5) Written procedures to minimize the time elapsing between the transfer of funds to the developer from the City, and the issuance or redemption of checks, warrants or payments by other means for program purposes by the Developer. To the extent that the provisions ofthe Cash Management Improvement Act (hereinafter CMIA) (Pub. L. 101- 453) govern, payment methods ofState agencies, instrumentalities, and fiscal agents shall be consistent with CMIA Treasury-State Agreements or the CMIA default procedures codified at 31 C.F.R. Part 205, "Withdrawal ofCash from the Treasury for Advances under Federal Grant and Other Programs." (6) Written procedures for determining the reasonableness, allocability and allowability ofcosts in accordance with the provisions ofthe applicable Federal cost principles and the terms and conditions ofthe award. (7) Accounting records including cost accounting records that are supported by source documentation. (c) Where the City guarantees or ensures the repayment ofmoney borrowed by the Developer, The City, at its discretion, may require adequate bonding and insurance ifthe bonding and insurance requirements ofthe recipient are not deemed adequate to protect the interest ofthe City. (d) The City may require adequate fidelity bond coverage where the Developer lacks sufficient coverage to protect the City's interest. (e) Where bonds are required in the situations described above, the bonds shall be obtained from companies holding certificates ofauthority as acceptable sureties, as prescribed in 31 C.F.R. Part 223, "Surety Companies Doing Business with the United States."

Uniform Grant Administrative Requirements and Cost Principles. During the administration of this contract, the Developer shall comply with the applicable requirements of 2 C.F.R. Part 200, specifically, Standards for Financial Management systems, as follows: (a) Developer is required to relate financial data to performance data and develop unit cost information whenever practical. (b) Developer's financial management systems shall provide for the following: (1) Accurate, current and complete disclosure of the financial results of each federally sponsored project or program in accordance with the reporting requirements set forth in 2 C.F.R. §§ 200.327 and 200.328. Ifa If a recipient maintains its records on other than an accrual basis, the developer shall not be required to establish an accrual accounting system. The Developer may develop such accrual data for reports on the basis of an analysis of the documentation on hand. (2) Records that identify adequately the source and application of funds for federally sponsored activities. These records shall contain information pertaining to Federal awards, authorizations, obligations, unobligated balances, assets, outlays, income, and interest. (3) Effective control over and accountability for all funds, property, and other assets. The Developer shall adequately safeguard all such assets and assure they are used solely for authorized purposes. (4) Comparison of outlays with budget amounts for each award. Whenever appropriate, financial information should be related to performance and unit cost data. (5) Written procedures to minimize the time elapsing between the transfer of funds to the developer from the City, and the issuance or redemption of checks, warrants or payments by other means for program purposes by the Developer. To the extent that the provisions ofthe Cash Management Improvement Act (hereinafter CMIA) (Pub. L. 101- 453) govern, payment methods ofState agencies, instrumentalities, and fiscal agents shall be consistent with CMIA Treasury-State Agreements or the CMIA default procedures codified at 31 C.F.R. Part 205, "Withdrawal ofCash from the Treasury for Advances under Federal Grant and Other Programs." (6) Written procedures for determining the reasonableness, allocability and allowability ofcosts in accordance with the provisions ofthe applicable Federal cost principles and the terms tenns and conditions ofthe award. (7) Accounting records including cost accounting records that are supported by source documentation. (c) Where the City guarantees or ensures the repayment ofmoney borrowed by the Developer, The City, at its discretion, may require adequate bonding and insurance ifthe bonding and insurance requirements ofthe recipient are not deemed adequate to protect the interest ofthe City. (d) The City may require adequate fidelity bond coverage where the Developer lacks sufficient coverage to protect the City's interest. (e) Where bonds are required in the situations described above, the bonds shall be obtained from companies holding certificates ofauthority as acceptable sureties, as prescribed in 31 C.F.R. Part 223, "Surety Companies Doing Business with the United States."