Project Financial Audit Sample Clauses

Project Financial Audit. For projects with fund value between $30,001.00 and $1M (including the Project pursuant to this Agreement) the Land Trust agrees to commission an independent third-party audit by an external professional auditor accredited Certified Public Accountant (CPA) of the Allowable Expenditures related to the Project as per Section 5.03 of this Agreement and the receipt and expenditure of Matching Funds as per Section 4.02 of this Agreement.
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Project Financial Audit. The Organization acknowledges that it has agreed to commission an independent third-party audit by an external professional auditor accredited Certified Public Accountant (CPA) of the allowable expenditures related to the Project as per Section 4.04 of this Agreement and the receipt and expenditure of Matching Funds as per Section 4.06 of this Agreement.
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Related to Project Financial Audit

  • Records and Financial Audit The Contractor shall maintain detailed time and expenditure records that indicate the date; time, nature and cost of services rendered during the Agreement’s term and effect and retain them for a period of three (3) years from the date of final payment under this Agreement. The records shall be subject to inspection by the Agency, the Department of Finance and Administration and the State Auditor. The Agency shall have the right to audit xxxxxxxx both before and after payment. Payment under this Agreement shall not foreclose the right of the Agency to recover excessive or illegal payments

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