Accounting and Records. The Grantee agrees to accurately and completely establish and maintain detailed accounts and records relating to the receipt and expenditure of all Grant funds received under this Agreement. Such accounts and records shall be kept and maintained by the Grantee for a period of six (6) years following the Grant Release Date. Such financial records shall sufficiently evidence the nature and expenditure of all Match Funds required. Accounting methods shall be in accordance with generally accepted accounting principles.
Appears in 6 contracts
Samples: City of Perham Opportunity Grant Agreement, City of Perham Opportunity Grant Agreement, City of Perham Opportunity Grant Agreement
Accounting and Records. The Grantee agrees to accurately and completely establish and maintain detailed accounts and records relating to the receipt and expenditure distribution of all Grant funds received under this Agreement. Such accounts and records shall be kept and maintained by the Grantee for a period of six (6) years following the Grant Release Date. Such financial records shall sufficiently evidence the nature and expenditure of all Match Funds required. Accounting methods shall be in accordance with generally accepted accounting principles.
Appears in 1 contract
Samples: Development Grant Agreement
