Standards for Fiscal Accountability. A. The Agency agrees to maintain books, records, reports and other evidence of documents, accounting procedures and practices which sufficiently and properly reflect all direct and indirect costs of any nature expended in performance of this Agreement. The Agency further agrees that the County shall have the right to monitor and audit the fiscal components of the Agency to ensure that actual expenditures remain consistent with the terms of this Agreement. The Agency shall retain all books, documents and other material relevant to this Agreement for a period of five (5) years after expiration of this Agreement. The Agency agrees that the County shall have full access to and right to examine any of said materials at all reasonable times during said period.
B. The Agency shall:
1. Provide accurate, current and complete disclosure of the financial status of this Agreement as requested by the County;
2. Identify the source and application of funds for services supported by this Agreement in whole or in part.
3. Maintain internal controls that provide reasonable assurance that the Agency is managing funds received through this Agreement in compliance with laws, regulations, and the provisions of contracts or grant agreements.
Standards for Fiscal Accountability. A. The Subrecipient agrees to maintain books, records, documents, accounting procedures, and practices which accurately reflect all direct and indirect costs related to the performance of this Agreement. Such fiscal books, records, documents, reports and other data shall be retained in a manner consistent with the "Budgeting, Accounting, Reporting System for Counties and Cities, and Other Local Governments", hereinafter referred to as "BARS", as issued by the Office of State Auditor, State of Washington. The Subrecipient further agrees that the City shall have the right to monitor and audit the fiscal components of the organization to ensure that actual expenditures remain consistent with the terms of this Agreement. The Subrecipient shall retain all books, records, documents and other material relevant to the Agreement for three (3) years after settlement of this Agreement. The Subrecipient agrees that the City, the U.S. Department of Housing and Urban Development, the Washington State Auditor, or their designees, shall have full access to and right to examine any of said materials at all reasonable times during said period.
B. The Subrecipient agrees that any contributions or payments made for services furnished under this Agreement shall be used for the sole benefit of this program.
Standards for Fiscal Accountability. A. The Contractor agrees to maintain books, records, reports and other evidence of documents, accounting procedures, practices that sufficiently and properly reflect all direct and indirect costs of any nature expended in performance of this Agreement. The Contractor further agrees that the County shall have the right to monitor and audit the fiscal components of the Contractor to ensure that actual expenditures remain consistent with the terms of this Agreement. The Contractor shall retain all books, documents and other material relevant to this Agreement for a period of six (6) years after expiration of this Agreement. The Contractor agrees that the County shall have full access to and right to examine any of said materials at all reasonable times during said period.
B. The Contractor shall:
1. Provide accurate, current, and complete disclosure of the financial status of this Agreement as requested by the County;
2. Identify the source and application of funds for services supported by this Agreement in whole or in part.
3. Maintain internal controls that provide reasonable assurance that the Contractor is managing funds received through this Agreement in compliance with laws, regulations, and the provisions of contracts or grant agreements.
4. Ensure that the funds related to this Agreement are being used appropriately
Standards for Fiscal Accountability. A. The CONTRACTOR agrees to maintain books, records, reports and other evidence of documents, accounting procedures and practices which sufficiently and properly reflect all direct and indirect costs of any nature expended in performance of this AGREEMENT. The CONTRACTOR further agrees that the COUNTY shall have the right to monitor and audit the fiscal components of the CONTRACTOR to ensure that actual expenditures remain consistent with the terms of this AGREEMENT. The CONTRACTOR shall retain all books, documents and other material relevant to this AGREEMENT for a period of five (5) years after expiration of this AGREEMENT. The CONTRACTOR agrees that the COUNTY shall have full access to and right to examine any of said materials at all reasonable times during said period.
B. The CONTRACTOR shall:
1. Provide accurate, current and complete disclosure of the financial status of this AGREEMENT as requested by the COUNTY;
2. Identify the source and application of funds for services supported by this AGREEMENT in whole or in part.
3. Maintain internal controls that provide reasonable assurance that the CONTRACTOR is managing funds received through this AGREEMENT in compliance with laws, regulations, and the provisions of contracts or grant agreements.
Standards for Fiscal Accountability. A. The CONTRACTOR agrees to maintain books, records, reports and other evidence of documents, accounting procedures and practices which sufficiently and properly reflect all direct and indirect costs of any nature expended in performance of this Agreement and in compliance with OMB Circular 133, incorporated herein by reference (xxxx://xxx.xxxxxxxxxx.xxx/omb/circulars/a133_compliance_supplement_2011) . The CONTRACTOR further agrees that the COUNTY shall have the right to monitor and audit the fiscal components of the Agency to ensure that actual expenditures remain consistent with the terms of this Agreement. The CONTRACTOR shall retain all books, documents and other material relevant to this Agreement for a period of five (5) years after expiration of this Agreement. The Agency agrees that the COUNTY shall have full access to and right to examine any of said materials at all reasonable times during said period.
B. The CONTRACTOR shall:
1. Provide accurate, current and complete disclosure of the financial status of this Agreement as requested by the COUNTY;
2. Identify the source and application of funds for services supported by this Agreement in whole or in part.
3. Maintain internal controls that provide reasonable assurance that the CONTRACTOR is managing funds received through this Agreement in compliance with laws, regulations, and the provisions of contracts or grant agreements.
Standards for Fiscal Accountability. A. The CONTRACTOR agrees to maintain books, records, reports and other evidence of documents, accounting procedures and practices which sufficiently and properly reflect all direct and indirect costs of any nature expended in performance of this Agreement. The CONTRACTOR further agrees that the COUNTY shall have the right to monitor and audit the fiscal components of the CONTRACTOR to ensure that actual expenditures remain consistent with the terms of this Agreement. The CONTRACTOR shall retain all books, documents and other material relevant to this Agreement for a period of five (5) years after expiration of this Agreement. The CONTRACTOR agrees that the COUNTY shall have full access to and right to examine any of said materials at all reasonable times during said period.
B. The CONTRACTOR shall:
1. Provide accurate, current and complete disclosure of the financial status of this Agreement as requested by the COUNTY;
2. Identify the source and application of funds for services supported by this Agreement in whole or in part.
3. Maintain internal controls that provide reasonable assurance that the CONTRACTOR is managing funds received through this Agreement in compliance with laws, regulations, and the provisions of contracts or grant agreements.
Standards for Fiscal Accountability. A. The Contractor’s fiscal management system shall:
1. Provide accurate, current, and complete disclosure of the financial status of each Contract;
2. Identify the source and application of all funds received for contracted services, distinguish costs of contracted services delivered under the terms of the Contract from all other costs and provide for accounting separation of all funds received; and
3. Report all revenue and expenditures to the Director in a manner consistent with generally accepted accounting principles.
B. The Contractor agrees to maintain written accounting procedures.
C. The Contractor agrees to:
1. Maintain records and documents that accurately reflect all direct and indirect costs related to the delivery of contracted services; and
2. Retain all fiscal and program records and other material relevant to a Contract according to the federal or state program guidelines. Fiscal records must be retained until all audits are resolved.
