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Common use of Independent Audits Clause in Contracts

Independent Audits. (a) Funds will be set aside in each agency's budget just for an independent audit. A separate line item will be established. (b) GRANTEE shall enter into an agreement with an independent public accountant certified to practice in the State of California no later than sixty (60) days before the end of this Agreement calling for an audit to be done for the entire year. The audit must be in conformance with the applicable funding source. (c) The audit must be completed and sent to CITY's Department of Housing staff within the later of one hundred fifty (150) days of the end of this Agreement or ninety (90) days after the end of GRANTEE’s fiscal year.

Appears in 4 contracts

Samples: Grant Agreement, Grant Agreement, Grant Agreement

Independent Audits. (a) Funds will be set aside in each agency's budget just for an independent audit. A separate line item will be established. (b) GRANTEE shall enter into an agreement with an independent public accountant certified to practice in the State of California no later than sixty (60) days before the end of this Agreement AGREEMENT calling for an audit to be done for the entire year. The audit must be in conformance with the applicable funding source. (c) The audit must be completed and sent to CITY's Department of Housing staff within the later of one hundred fifty (150) days of the end of this Agreement AGREEMENT or ninety (90) days after the end of GRANTEE’s fiscal year.

Appears in 1 contract

Samples: Grant Agreement

Independent Audits. (a) Funds will be set aside in each agency's SUBRECIPIENT’s budget just for an independent audit. A separate line item will be established. (b) GRANTEE . SUBRECIPIENT shall enter into an agreement with an independent public accountant certified to practice in the State of California no later than sixty (60) days before the end of this Agreement AGREEMENT calling for an audit to be done for the entire year. The audit must be in conformance with the applicable funding source. (c) . The audit must be completed and sent to CITY's Department of Housing COUNTY’s OSH staff within the later of one hundred fifty (150) days of the end of this Agreement AGREEMENT or ninety (90) days after the end of GRANTEESUBRECIPIENT’s fiscal year. The independent fiscal audit shall conform to Generally Accepted Government Auditing Standards (GAGAS) 2 CFR 200.514(a) and the audit threshold 2 CFR 200.501(a).

Appears in 1 contract

Samples: Community Development Block Grant Contract