Financial Audits of Grantees Sample Clauses

Financial Audits of Grantees. ‌ (a) The Department’s Audits Office shall conduct a financial Audit of at least twenty percent (20%) of the Grantees annually. Grantees are subject to audit at any time during the Project performance period, or up to three (3) years following OHMVR Division approved final payment or Project completion, whichever is latest. (b) Failure to fully complete Project Deliverables as agreed in the Project Agreement; and/or to maintain records supporting the Project expenditures made pursuant to the Project Agreement, these regulations, and any other applicable law; and/or failure of such records to support Project expenditures claimed and payments received, shall be grounds for an Audit exception requiring refund of amounts paid. (c) The Department may inspect and/or make copies of any books, records, or reports of the Grantee pertaining to all Projects related costs and activities. Grantee agrees to allow the auditor(s) access to such records during normal business hours and to allow interviews of any employees who might reasonably have information related to such records. Further, Grantee must include a similar right of the State to audit records and interview staff in any subcontract related to performance under the Project Agreement. (d) Upon completion of an Audit, if there is a refund due to the State, the Grantee shall remit the refund due within sixty (60) calendar days from the written notification to the Grantee by the OHMVR Division. Note: Authority cited: Sections 5001.5 and 5003, Public Resources Code. Reference: Sections 5090.32, 5090.50 and 5090.53, Public Resources Code.
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Financial Audits of Grantees. (a) The Department of Parks and Recreation, Audits Office shall conduct an Audit of at least twenty percent (20%) of the Grantees annually. A Project is subject to Audit at any time within three years following the end of the project performance period. (b) The OHMVR Division will forward Grant Projects to the Department of Parks and Recreation, Audits Office for a financial Audit as appropriate. The Grantee shall cooperate with the Audits Office during an Audit. Requested records, documents, and files pertaining to the expenditures or other fiscal and/or programmatic elements of the Grant shall be provided. (c) Failure to fully complete Project Deliverables as agreed in the Project Agreement; and/or to maintain records supporting the expenditures made pursuant to the Project Agreement, these regulations, and any other applicable law; and/or failure of such records to support expenditures claimed and payments received, shall be grounds for an Audit exception requiring refund of amounts paid. (d) The Department of parks and Recreation, Audits Office will coordinate with the OHMVR Division in order to confirm the completion of Deliverables. The Department may inspect and/or make copies of any books, records, or reports of the Grantee pertaining to all Projects. (e) Upon completion of an audit, if there is a refund due to the State, the Grantee shall remit the refund due within sixty (60) calendar days from the written notification to the Grantee by the OHMVR Division. Note: Authority cited: Sections 5001.5 and 5003, Public Resources Code. Reference: Sections 5090.32, 5090.35, 5090.50, and 5090.53, Public Resources Code.
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Financial Audits of Grantees. (a) The Department’s Audits Office shall conduct a financial Audit of at least twenty percent (20%) of the Grantees annually. Grantees are subject to audit at any time during the Project performance period, or up to three (3) years following OHMVR Division approved final payment or Project completion, whichever is latest. (b) Failure to fully complete Project Deliverables as agreed in the Project Agreement; and/or to maintain records supporting the Project expenditures made pursuant to the Project Agreement, these regulations, and any other applicable law; and/or failure of such records to support Project expenditures claimed and payments received, shall be grounds for an Audit exception requiring refund of amounts paid. (c) The Department may inspect and/or make copies of any books, records, or reports of the Grantee pertaining to all Projects related costs and activities. Grantee agrees to allow the auditor(s) access to such records during normal business hours and to allow interviews of any employees who might reasonably (d) Upon completion of an Audit, if there is a refund due to the State, the Grantee shall remit the refund due within sixty (60) calendar days from the written notification to the Grantee by the OHMVR Division. Note: Authority cited: Sections 5001.5 and 5003, Public Resources Code. Reference: Sections 5090.32, 5090.50 and 5090.53, Public Resources Code.
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Related to Financial Audits of Grantees

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