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B. Final Audit <br />1. Final audit of the FY07 FiSGP shall be made by the Auditor of the State at <br />each level of local government in accordance with standard time schedules. The <br />VII.,LAGE agrees to cooperate with Federal, State, and local auditing requirements <br />and comply with standards, procedures, and reasonable schedules whether the <br />audit be general, full-scope, financial, compliance, performance, total entity, or <br />other, in accordance with Federal GAO reporting standards, Grant Conditions GA- <br />110-SC-85, JA/JJ 110-SC-75-1, and the applicable requirements of Federal OMB <br />circulars A-102, A-110, A-128, A-122, A-124, A-133, A-87, A-88, A-21, and A- <br />27. The COLTNTY shall provide the VILLAGE with five (5) days advance written <br />notice of intent to audit. <br />2. In the event of a state and/or federal audit of COLJNTY records concerning <br />this grant project, the COUNTY will provide the VII.,LAGE with a copy of <br />findings for recovery related to the VII.,LAGE'S expenditures under this <br />agreement, so that the VII,LAGE shall have an opportunity to submit a written <br />response to said findings. The VILLAGE shall be liable to the COtJNTY for the <br />return of all unexpended funds or disallowed expenditures as a result of an audit <br />fmding. The VILLAGE shall be liable to the COUNTY for fmdings of recovery <br />made as the result of a state audit. <br />V. REPORTING REOUIREMENTS <br />Program Reports <br />1. In order to facilitate compliance with the grant conditions, the <br />VILLAGE shall assist the COUNTY in the preparation of the <br />required Bi-annual Strategy Implementation Report as indicated in <br />Attachment I. <br />2. The COUNTY shall submit the program reports to the State as <br />required by the grant conditions. The COUNTY shall provide the <br />VII.,LAGE with a copy of all sections of the program report related <br />to its activities and expenditures under this Agreement. <br />4of8