County Audits. (a) Each year, Borrower shall provide the County with a copy of Borrower's annual audit, which is to include information on all of Borrower's activities and not just those pertaining to the Development.
County Audits. The receipt by the County Staff of Annual Audited Financial Statements pursuant to subsection 2.05(b)(2)(ii)(B) above or acceptance by the County Staff of any loan repayment for any period shall not bind the County Board as to the correctness of such Annual Audited Financial Statements or such payment. Within five (5) years after the receipt of any such Annual Audited Financial Statements, the County Staff or any designated agent or employee of the County Staff at any time and upon forty-eight (48) hours advance notice shall be entitled to audit the Residual Receipts calculation and all books, records, and accounts pertaining thereto. Such audit shall be conducted during normal business hours at the principal place of business of the Borrower and other places where the applicable records are kept. If it is determined as a result of such audit that there has been a deficiency in an Annual Payment to the County Board, then such deficiency shall become immediately due and payable with interest at the Default Rate, determined as of and accruing from the date that said payment should have been made. In addition, if the Annual Audited Financial Statements for any calendar year shall be found to have understated Residual Receipts by more than ten percent (10%) and by at least Five Thousand Dollars ($5,000), then Borrower shall pay, in addition to the interest charges referenced hereinabove, all of the County Staff’s reasonable out of pocket costs and expenses connected with any audit or review of Borrower’s accounts and records.
County Audits. Each year, Borrower shall provide the County with a copy of Borrower's annual audit, which shall include information on all of Borrower's activities and not just those pertaining to the Development. In addition, the County or any designated agent or employee of the County at any time shall be entitled to audit all of Borrower's books, records, and accounts pertaining thereto. Such audit shall be conducted during normal business hours at the principal place of business of Borrower and other places where records are kept. Immediately after the completion of an audit, the County shall deliver a copy of the results of such audit to Borrower.
County Audits. The receipt by the County Manager or his written designees of Annual Audited Financial Statements pursuant to subsection 2.05(b)(2)(ii)(B) above or acceptance by the County Manager or his written designees of any loan repayment for any period shall not bind the County Board as to the correctness of such Annual Audited Financial Statements or such payment. Within five (5) years after the receipt of any such Annual Audited Financial Statements, the County Board or any designated agent or employee of the County Board at any time and upon forty-eight (48) hours advance notice shall be entitled to audit the Residual Receipts calculation and all books, records, and accounts pertaining thereto. Such audit shall be conducted during normal business hours at the principal place of business of the Borrower and other places where the applicable records are kept. If it is determined as a result of such audit that there has been a deficiency in an Annual Payment to the County Board, then such deficiency shall become immediately due and payable with interest at the Default Rate, determined as of and accruing from the date that said payment should have been made. In addition, if the Annual Audited Financial Statements for any calendar year shall be found to have understated Residual Receipts by more than five percent (5%) and by at least Five Thousand and 00/100 Dollars ($5,000.00), then Borrower shall pay, in addition to the interest charges referenced hereinabove, all of the County Staff’s reasonable out of pocket costs and expenses connected with any audit or review of Borrower’s accounts and records.
County Audits. The books, records, documents, and accounting procedures and practices of the CONTRACTOR relevant to this Agreement shall be subject to examination by the County and the State of Minnesota Legislative Auditor.
County Audits. (a) Each year, Borrower shall provide the County with a copy of Xxxxxxxx's annual audit, which is to include information on all of Borrower's activities and not just those pertaining to the Development. Borrower shall also follow audit requirements of the Single Audit Act and OMB Circulars A-122 and 110.
County Audits. (a) Each year, Borrower shall provide the County with a copy of Borrower's annual audited financial statements, which is to include information on all of Borrower's activities, in addition the Borrower's general partners shall submit audited financial statements and the Borrower and the Borrower's general partners shall submit all other financial information pertaining to the Development as is reasonably requested by the County determined by the County as necessary for compliance with the requirements of 24 C.F.R. 504(d). Borrower shall also follow audit requirements of the Single Audit Act and Uniform Grant Guidance (UGG) 2 C.F.R. Part 200.
County Audits. (a) Developer shall provide any information reasonably requested by the County in connection with the Development.
County Audits. (a) Each year, Borrower shall provide the County with a copy of Xxxxxxxx's annual audit, which is to include information on all of Borrower's activities, in addition the Borrower's general partners shall submit audited financial statements and the Borrower and the Borrower's general partners shall submit all other financial information reasonably requested by the County determined by the County as necessary for compliance with the requirements of 24 C.F.R. 504(d). Borrower shall also follow audit requirements of the Single Audit Act and OMB Circulars A-122 and 110.
(b) In addition, the County or any designated agent or employee of the County at any time is entitled to audit the Residual Receipts of the Development, and all of Borrower's books, records, and accounts pertaining thereto. Such audit is to be conducted during normal business hours at the principal place of business of Borrower and other places where records are kept. Immediately after the completion of an audit, the County shall deliver a copy of the results of the audit to Borrower. If it is determined as a result of such audit that there has been a deficiency in a loan repayment to the County, then such deficiency will become immediately due and payable with interest at the Default Rate from the date the deficient amount should have been paid. In addition, if any audit conducted pursuant to this Section 4.5 determines that Residual Receipts have been understated for any fiscal year by more than five percent (5%), then the Borrower shall pay, in addition to the amounts set forth above, all of the costs and expenses incurred by the County in connection with the audit and review of Borrower's accounts or records.
County Audits. (a) During the Project RCD shall provide the County with a copy of RCD's, annual audit, which is to include information on the use of the Grant. During the operation of the Center, St. Paul's shall provide the County with a copy of the Service Provider's annual audit, which is to include information on the Service Provider's activities pertaining to the Center. RCD shall, and St. Paul's shall cause the Service Provider to, follow the applicable audit requirements of 2 C.F.R. Part 200.
