Common use of Audits Inspections and Monitoring Clause in Contracts

Audits Inspections and Monitoring. The Subrecipient must be audited as required by 2 CFR part 200, subpart F when it is expected that the Subrecipient's Federal awards expended during the respective fiscal year equaled or exceeded the threshold set forth in §200.501 Audit requirements. The Subrecipient shall permit the Grantee and auditors to have access to the Subrecipient's records and financial statements as necessary for the Grantee to meet the requirements of 2 CFR part 200. The Subrecipient must submit to monitoring of its activities by the Grantee as necessary to ensure that the subaward is used for authorized purposes, in compliance with Federal statutes, regulations, and the terms and conditions of this agreement. This review must include: (1) reviewing financial and performance reports required by the Grantee; (2) following-up and ensuring that the Subrecipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to the Subrecipient from the Grantee detected through audits, on-site reviews, and other means; and (3) issuing a management decision for audit findings pertaining to this Federal award provided to the Subrecipient from the Grantee as required by 2 CFR §200.521. The Grantee may issue management decisions and may consider taking enforcement actions if noncompliance is detected during audits. The Grantee may require the Subrecipient to take timely and appropriate action on all deficiencies pertaining to the Federal award provided to the subrecipient from the pass-through entity detected through audits, on-site reviews, and other means. In response to audit deficiencies or other findings of noncompliance with this agreement, Grantee may impose additional conditions on the use of the CDBG-NDR funds to ensure future compliance or provide training and technical assistance as needed to correct noncompliance.

Audits Inspections and Monitoring. The Subrecipient Sub-recipient must be audited as required by 2 CFR part 200, subpart F when it is expected that the SubrecipientSub-recipient's Federal awards expended during the respective fiscal year equaled or exceeded the threshold set forth in §200.501 Audit requirements. The Subrecipient Sub-recipient shall permit the Grantee and auditors to have access to the SubrecipientSub-recipient's records and financial statements as necessary for the Grantee to meet the requirements of 2 CFR part 200. The Subrecipient Sub-recipient must submit to monitoring of its activities by the Grantee as necessary to ensure that the subaward is used for authorized purposes, in compliance with Federal statutes, regulations, and the terms and conditions of this agreement. This review must include: (1) reviewing financial and performance reports required by the Grantee; (2) following-up and ensuring that the Subrecipient Sub-recipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to the Subrecipient Sub- recipient from the Grantee detected through audits, on-site reviews, and other means; and (3) issuing a management decision for audit findings pertaining to this Federal award provided to the Subrecipient Sub-recipient from the Grantee as required by 2 CFR §200.521. The Grantee may issue management decisions and may consider taking enforcement actions if noncompliance is detected during audits. The Grantee may require the Subrecipient Sub-recipient to take timely and appropriate action on all deficiencies pertaining to the Federal award provided to the subrecipient sub-recipient from the pass-through entity detected through audits, on-site reviews, and other means. In response to audit deficiencies or other findings of noncompliance with this agreement, Grantee may impose additional conditions on the use of the CDBG-NDR funds to ensure future compliance or provide training and technical assistance as needed to correct noncompliance.

Audits Inspections and Monitoring. The Subrecipient Sub-recipient must be audited as required by 2 CFR part 200, subpart F when it is expected that the SubrecipientSub- recipient's Federal awards expended during the respective fiscal year equaled or exceeded the threshold set forth in §200.501 5200.501 Audit requirements. The Subrecipient Sub-recipient shall permit the Grantee and auditors to have access to the SubrecipientSub-recipient's records and financial statements as necessary for the Grantee to meet the requirements of 2 CFR part 200. The Subrecipient Sub-recipient must submit to monitoring of its activities by the Grantee as necessary to ensure that the subaward sub-award is used for authorized purposes, in compliance with Federal statutes, regulations, and the terms and conditions of this agreementAgreement. This review must include: (1) reviewing financial and performance reports required by the Grantee; (2) following-up and ensuring that the Subrecipient Sub-recipient takes timely and appropriate action on all deficiencies pertaining to the Federal award provided to the Subrecipient from the Grantee detected through audits, on-site reviews, and other means; and (3) issuing a management decision for audit findings pertaining to this Federal award provided to the Subrecipient Sub-recipient from the Grantee as required by 2 CFR §200.5215200.521. The Grantee may issue management decisions and may consider taking enforcement actions if noncompliance is detected during audits. The Grantee may require the Subrecipient Sub-recipient to take timely and appropriate action on all deficiencies pertaining to the Federal award provided to the subrecipient sub-recipient from the pass-through entity detected through audits, on-site reviews, and other means. In response to audit deficiencies or other findings of noncompliance with this agreementAgreement, Grantee may impose additional conditions on the use of the CDBG-NDR funds to ensure future compliance or provide training and technical assistance as needed to correct noncompliance.