Common use of CONTROL OF EXPENDITURES Clause in Contracts

CONTROL OF EXPENDITURES. Grantee shall maintain adequate accounting records for this grant, separate and apart from records kept for its usual operation and other contracts/grants, to assure reconciliation of all project costs. Grantee shall make its records available at its office, at all reasonable times during the term of this grant, for inspection, audit or reproduction by an authorized representative of the Secretary of Labor & Industry or the Auditor General. Invoices for all equipment and other expenditures must be retained and are subject to audit. If non-grant items are noted on the same invoice, items that are grant-related must be identified. If this grant is terminated, the records relating to this grant shall be retained and available for a period of three years from the date of any final settlement.

CONTROL OF EXPENDITURES. The Grantee shall maintain adequate accounting records for this grant, separate and apart from records kept for its usual operation and other contracts/grants, to assure reconciliation of all project costs. The Grantee shall make its records available at its office, at all reasonable times during the term of this grant, for inspection, audit or reproduction by an authorized representative of the Secretary of Labor & and Industry or the Auditor General. Invoices for all equipment and other expenditures must be retained and are subject to audit. If non-grant items are noted on the same invoice, items that are grant-related must be identified. If this grant is terminated, the records relating to this grant shall be retained and available for a period of three six (6) years from the date of any final settlement.