18-62 Approval of Grant for CDBG- Disaster Relief II Funds

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18. Audits. The Recipient shall submit to an audit of funds paid through this Agreement and/or an onsite monitoring review of the Project by IHCDA or its designee. The Recipient shall make all books,accounting records and other documents available at all reasonable times during the Term of this Agreement and for the greater of three(3) years from closeout of the State of Indiana's grant between HUD,or the period required by other applicable Iaws and regulations as described in 24 CFR 570.487 and 24 CFR §570.488. Records shall be retained beyond the prescribed period if any litigation,claim, negotiation, audit,or other action is begun involving this Agreement or the Project. Copies shall be furnished to the IHCDA at no cost. (a) If Recipient expends$750,000 or more in federal awards during the Recipient's fiscal year it must submit its single audit to the IHCDA within the earlier of thirty(30)days after receipt of the auditor's report(s),or nine (9) months after the end of the audit period. The Recipient must also submit its audit to the Federal Audit Clearinghouse. If the Recipient expends less than$750,000 in federal awards it must submit its audited financial statements or 990 (IRS Form 990,Return of Organization Exempt From Income Tax)to IHCDA within the earlier of thirty (30)days after receipt of the auditor's report(s),or nine(9)months after the end of the audit period. (b) Any auditor performing a single or program specific audit for the Recipient must comply with 2 CFR 200.501. (c) Sanctions: If Recipient does not adhere to the policies referenced in subparagraphs A and B of this section,at • IHCDA's sole discretion,it may take appropriate action using sanctions such as: (1) Withholding a percentage of this funding until the audit is completed satisfactorily; (2) Withholding or disallowing claims; • • (3) Suspending all funding from any IHCDA awards until the audit is conducted;or (4) Terminating this Agreement. • 19. Federal Funding Accountability and Transparency Act of 2006 ("FFATA"). In accordance with 2 CFR • 200.300(b),FFATA reporting requirements will apply to any funding awarded by IHCDA tinder this Agreement in the amount of $25,000 or greater. The Recipient, as a sub-recipient, must provide any information needed pursuant to these requirements. This includes entity information,the unique identifier of the Recipient,the unique • identifier of Recipient's parent,and relevant executive compensation data, if applicable(see subsection C below • regarding executive compensation data). • (a) Data Universal Numbering System(DUNS)number. Pursuant to FFATA reporting requirements and in order to receive funding under this Agreement,the Recipient shall provide IHCDA with a valid Dun&Bradstreet (`D&B") Data Universal Numbering System("DUNS")number that identifies the Recipient. Accordingly, the Recipient shall register for and obtain a DUNS number within fifteen (15) days of execution of this Agreement if it does not currently have a DUNS number. A DUNS number may be requested from D&B by telephone(currently 866-705-5711)or the Internet(currently athttp://fedgov.dnb.com/webform): (b) System for Award Management(SAM). The Recipient shallregister in the System for Award Management ("SArb1"), which is the primary registrant database for the U.S- Federal Government,and shall enter any • information required by HATAkinto the SAM, update the information at least annually after the initial registration, and maintain its status in the SAM through the Expiration Date of this Agreement. Information regarding the process to register in the SAM can be obtained at https:l/www.sam.gav/portallpublic/SAM/. (c) Executive Compensation. The Recipient shall report the names and total compensation of the five (5)most highly compensated officers of Recipient in SAM if the Recipient in the preceding fiscal year received eighty percent(80%)or more of its annual gross revenues from Federal contracts and Federal financial assistance(as defined at 2 CFR 170.320) and $25,000,000 or more in annual gross revenues from Federal contracts and federal financial assistance (as defined at 2 CFR 170.320); and if the public does not have access to this information about the compensation of the senior executives of the entity through periodic reports filed under section 13(a)or 15(d)of the Securities Exchange Act of 1934(15 U.S.C.§§78m(a),78o(d))or section 6104 of the Internal Revenue Code of 1986. The Recipient may certify that it received less than eighty percent ij (80%) of annual gross revenues from the federal government, received less than $25,000,000 of its annual • gross revenues from the federal government, already provides executive compensation to the Securities Exchange Commission, or meets the Internal Revenue Code exemption, and will not be required to submit I CDBDR2OR-018-003 G-D CITY OP BOOTH BEND page 0 Recapture .