STATE AND FEDERAL AUDITS. A. Both parties will accept responsibility for receiving, replying to and/or complying with any audit exceptions by appropriate State and Federal audit agencies that are directly related to the services to be performed under this Agreement.
STATE AND FEDERAL AUDITS. Under Minn. Stat. § 16B.98, Subd.8, the Grantee’s books, records, documents, and accounting procedures and practices of the Grantee or other party relevant to this grant contract agreement or transaction are subject to examination by the State and/or the State Auditor or Legislative Auditor, the General Accounting Office and various federal agencies, as appropriate, for a minimum of six years from the end of this grant contract agreement, receipt and approval of all final reports, or the required period of time to satisfy all state and program retention requirements, whichever is later. Accounting methods must be in accordance with generally accepted accounting principles. If Grantee has received funds from the U. S. Small Business Administration (SBA), including the SBA Paycheck Protection Program (PPP) or the SBA Economic Injury Disaster Loan (EIDL), or any other local, state, or federal source, including Pandemic Unemployment Assistance (PUA) the Grantee will use the Grant Funds only for eligible expenses not already covered by other funds. If these grant funds are ultimately funded by grants from the federal government, the Grantee shall comply with the requirements of the Single Audit Act Amendments of 1996 (P.L. 104- 156) if the Grantee is a unit of government, a tribal government or a non-profit. If the grantee is a unit a government, tribal government or a non-profit and expends over $750,000 in federal funds during their fiscal year, an A-133 audit is required to be submitted for that year.
