Common use of Audits and Financial Statements Clause in Contracts

Audits and Financial Statements. (a) Ministry shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry shall prepare financial statements and a schedule of expenditures of federal awards. Ministry shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annually. Ministry shall submit its annual audit to the City and within one hundred twenty (120) days of the end of Ministry’s fiscal year. Ministry must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry of such non-compliance. Any reimbursement by Ministry shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request.

Audits and Financial Statements. (a) Ministry JFS shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry JFS shall prepare financial statements and a schedule of expenditures of federal awards. Ministry JFS shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry JFS shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annually. Ministry JFS shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryJFS’s fiscal year. Ministry JFS must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry JFS shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry JFS of such non-non- compliance. Any reimbursement by Ministry JFS shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry JFS expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry JFS also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request.

Audits and Financial Statements. (a) Ministry Primrose shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry Primrose shall prepare financial statements and a schedule of expenditures of federal awards. Ministry Primrose shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry Primrose shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annuallyannually and in accordance with procurement standards at 2 CFR §200.317 -200.36. Ministry The request for proposal for audit services must clearly state the objectives and scope of the audit and request a copy of the audit organization’s peer review report required under GAGAS. Factors to be considered in evaluating the proposal for audit services include the responsiveness to the request for proposal, relevant experience, availability of staff with professional qualifications and technical abilities, the results of peer and external control reviews, and price. Primrose also must make positive efforts to utilize small businesses, minority owned firms, and women’s business enterprises in procuring audit services as stated in 200.321. Primrose shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryPrimrose’s fiscal year. Ministry Primrose must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry Primrose shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry Primrose of such non-compliance. Any reimbursement by Ministry Primrose shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry Primrose expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry Primrose also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request. This paragraph 7 shall survive termination of this Agreement.

Audits and Financial Statements. (a) Ministry Coalition shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry Coalition shall prepare financial statements and a schedule of expenditures of federal awards. Ministry Coalition shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry Coalition shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annuallyannually and in accordance with procurement standards at 2 CFR §200.317 -200.36. Ministry The request for proposal for audit services must clearly state the objectives and scope of the audit and request a copy of the audit organization’s peer review report required under GAGAS. Factors to be considered in evaluating the proposal for audit services include the responsiveness to the request for proposal, relevant experience, availability of staff with professional qualifications and technical abilities, the results of peer and external control reviews, and price. Coalition also must make positive efforts to utilize small businesses, minority owned firms, and women’s business enterprises in procuring audit services as stated in 200.321. Coalition shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryCoalition’s fiscal year. Ministry Coalition must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry Coalition shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry Coalition of such non-compliance. Any reimbursement by Ministry Coalition shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry Coalition expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry Coalition also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request. This paragraph 7 shall survive termination of this Agreement.

Audits and Financial Statements. (a) Ministry JFS shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry JFS shall prepare financial statements and a schedule of expenditures of federal awards. Ministry JFS shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry JFS shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annuallyannually and in accordance with procurement standards at 2 CFR §200.317 -200.36. Ministry The request for proposal for audit services must clearly state the objectives and scope of the audit and request a copy of the audit organization’s peer review report required under GAGAS. Factors to be considered in evaluating the proposal for audit services include the responsiveness to the request for proposal, relevant experience, availability of staff with professional qualifications and technical abilities, the results of peer and external control reviews, and price. JFS also must make positive efforts to utilize small businesses, minority owned firms, and women’s business enterprises in procuring audit services as stated in 200.321. JFS shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryJFS’s fiscal year. Ministry JFS must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry JFS shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry JFS of such non-non- compliance. Any reimbursement by Ministry JFS shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry JFS expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry JFS also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request. This paragraph 7 shall survive termination of this Agreement.

Audits and Financial Statements. (a) Ministry Primrose shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry Primrose shall prepare financial statements and a schedule of expenditures of federal awards. Ministry Primrose shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry Primrose shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annually. Ministry Primrose shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryXxxxxxxx’s fiscal year. Ministry Primrose must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry Primrose shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry Primrose of such non-compliance. Any reimbursement by Ministry Xxxxxxxx shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry Primrose expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry Xxxxxxxx also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request.

Audits and Financial Statements. (a) Ministry FPGO shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry FPGO shall prepare financial statements and a schedule of expenditures of federal awards. Ministry FPGO shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry FPGO shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annuallyannually and in accordance with procurement standards at 2 CFR §200.317 -200.36. Ministry The request for proposal for audit services must clearly state the objectives and scope of the audit and request a copy of the audit organization’s peer review report required under GAGAS. Factors to be considered in evaluating the proposal for audit services include the responsiveness to the request for proposal, relevant experience, availability of staff with professional qualifications and technical abilities, the results of peer and external control reviews, and price. FPGO also must make positive efforts to utilize small businesses, minority owned firms, and women’s business enterprises in procuring audit services as stated in 200.321. FPGO shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryFPGO’s fiscal year. Ministry FPGO must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry FPGO shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry FPGO of such non-non- compliance. Any reimbursement by Ministry FPGO shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry FPGO expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry FPGO also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request. This paragraph 7 shall survive termination of this Agreement.

Audits and Financial Statements. (a) Ministry West Lakes shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry West Lakes shall prepare financial statements and a schedule of expenditures of federal awards. Ministry West Lakes shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry West Lakes shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annuallyannually and in accordance with procurement standards at 2 CFR §200.317 -200.36. Ministry The request for proposal for audit services must clearly state the objectives and scope of the audit and request a copy of the audit organization’s peer review report required under GAGAS. Factors to be considered in evaluating the proposal for audit services include the responsiveness to the request for proposal, relevant experience, availability of staff with professional qualifications and technical abilities, the results of peer and external control reviews, and price. West Lakes also must make positive efforts to utilize small businesses, minority owned firms, and women’s business enterprises in procuring audit services as stated in 200.321. West Lakes shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryWest Lakes’s fiscal year. Ministry West Lakes must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry West Lakes shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry West Lakes of such non-compliance. Any reimbursement by Ministry West Lakes shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry West Lakes expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry West Lakes also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request. This paragraph 7 shall survive termination of this Agreement.

Audits and Financial Statements. (a) Ministry JFS shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry JFS shall prepare financial statements and a schedule of expenditures of federal awards. Ministry JFS shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry JFS shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annually. Ministry JFS shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryJFS’s fiscal year. Ministry JFS must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry JFS shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry JFS of such non-compliance. Any reimbursement by Ministry JFS shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry JFS expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry JFS also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request.

Audits and Financial Statements. (a) Ministry Idignity shall comply with 2 CFR part 200 Subpart F – Audits. In accordance with 2 CFR §200.510, Ministry Idignity shall prepare financial statements and a schedule of expenditures of federal awards. Ministry Idignity shall provide the City with its annual financial statement within ninety (90) days of the end of its operating year. This financial statement shall be prepared by an actively licensed public accountant. (b) In addition, if expending more than $750,000 of Federal awards during an operating year, Ministry Idignity shall comply with the audit provisions contained in 2 CFR subpart F and the Single Audit Act Amendments of 1996 (31 U.S.C. §§7501-7507). Audits shall be conducted annuallyannually and in accordance with procurement standards at 2 CFR §200.317 -200.36. Ministry The request for proposal for audit services must clearly state the objectives and scope of the audit and request a copy of the audit organization’s peer review report required under GAGAS. Factors to be considered in evaluating the proposal for audit services include the responsiveness to the request for proposal, relevant experience, availability of staff with professional qualifications and technical abilities, the results of peer and external control reviews, and price. Idignity also must make positive efforts to utilize small businesses, minority owned firms, and women’s business enterprises in procuring audit services as stated in 200.321. Idignity shall submit its annual audit to the City and within one hundred twenty (120) days of the end of MinistryIdignity’s fiscal year. Ministry Idignity must clear any deficiencies noted in the audit reports within 30 days after receipt of any noted deficiencies. In the event the audit shows that the entire funds disbursed hereunder, or any portion thereof, were not expended in accordance with the conditions of this Agreement, Ministry Idignity shall be held liable for reimbursement to the City of all funds not expended in accordance with those regulations and Agreement provisions within thirty (30) days after City has notified Ministry Idignity of such non-compliance. Any reimbursement by Ministry Idignity shall not preclude the City from taking any other action or pursuing other remedies. Failure to comply with these audit requirements constitutes a violation of the Agreement and may result in the withholding of future payments. If Ministry Idignity expends less than $750,000 in federal awards during its fiscal year, they are exempt from this requirement, except as noted in 2 CFR §200.503, but records must be available for review or audit by appropriate officials of HUD, the City, or GAO. (c) Ministry Idignity also agrees to allow the City's Internal Audit and Evaluation Department, or any of the City’s other departments or representatives, to conduct any audits or financial monitoring the City feels necessary at any time during the term of this Agreement or pursuant to any HUD request. This paragraph 7 shall survive termination of this Agreement.