Audit Requirements/Financial Management Procedures. STIF Discretionary Funds disbursed by this Agreement shall be specifically addressed in Subrecipient's annual audits, and the terms of Exhibit A shall apply. TriMet may request additional information including, but not limited to, audits of specific projects or services. Subrecipient will adhere to financial management procedures in accordance with Oregon and other applicable laws, and specifically as provided by ORS 184.751 through 184.766 and OAR Chapter 732 in addition to the requirements set forth in Exhibit A. Subrecipient shall comply with applicable federal, state and local laws as well as generally accepted accounting principles (GAAP) for accounting, billing and reporting requirements with STIF Discretionary Funds. Subrecipient shall document the expense of all funds disbursed by TriMet under this Agreement.
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Samples: Subrecipient Agreement, Subrecipient Agreement, www.portland.gov
