Accounting and Deposit of Grant Funding. A. Separate Accounting of Funding Disbursements: Recipient shall account for the money disbursed pursuant to this Agreement separately from all other Recipient funds. Recipient shall maintain audit and accounting procedures that are in accordance with generally accepted accounting principles and practices, consistently applied. Recipient shall keep complete and accurate records of all receipts and disbursements. Recipient shall require its Subgrantees to maintain books, records, and other documents pertinent to their work in accordance with generally accepted accounting principles and practices. Records are subject to inspection by GRANTOR during regular business hours.
Appears in 5 contracts
Samples: Grant Agreement, Grant Agreement, Grant Agreement
