Common use of FISCAL MANAGEMENT SYSTEMS AND ACCOUNTING STANDARDS Clause in Contracts

FISCAL MANAGEMENT SYSTEMS AND ACCOUNTING STANDARDS. The Recipient agrees that, at a minimum, its fiscal control and accounting procedures will be sufficient to permit tracing of grant funds to a level of expenditure adequate to establish that such funds have not been used in violation of State or Federal law or this Agreement.

FISCAL MANAGEMENT SYSTEMS AND ACCOUNTING STANDARDS. The Recipient COUNTY agrees that, at a minimum, its fiscal control and accounting procedures will be sufficient to permit tracing of grant Grant funds to a level of expenditure adequate to establish that such funds have not been used in violation of State or Federal law state law, the Grant Agreement or this Funding Agreement.