Agreement - DCI - Admin of Supportive Housing Rental Assistance Grant

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Report to the City within forty-five (45) days following the conclusion of the project for which funds are provided under this Agreement which report summarizes the successes or failures of the assisted activity. The Agency shall also provide statistical data with respect to services provided or persons benefited under this Agreement. 3. Non -Expendable Property. (a) Inventory. The Agency shall keep inventory records, acceptable to the City, on all non -expendable property purchased under this Agreement. The Agency shall submit an inventory record of all items at the end of the program year and resubmit it each program year with revisions as necessary. (b) Insurance and Maintenance. For all non -expendable property purchased under this Agreement, the Agency shall maintain sufficient insurance to cover the cost of replacement due to loss by fire, theft, or accidental damage. The Agency shall also be responsible for the replacement and upkeep of all such property. 4. Cooperation with Agency. The City shall provide all available maps, reports, and other data requested by the Agency to accomplish the services which are the subject of this Agreement. The Agency shall pay for all articles so supplied. E. Audits and Reviews. 1. City and Federal Audits. (a) The City shall require governmental agency and nonprofit agency audits consistent with 24 CFR Parts 84 and 85, respectively for those agencies that have combined receipts of federal financial assistance totaling Five Hundred Thousand Dollars ($500,000) or more in a fiscal year (applicable to fiscal years starting on or before December 25, 2014). The City shall require governmental agency and nonprofit agency audits consistent with 2 CFR Part 200 for those agencies that have combined receipts of federal financial assistance totaling Seven Hundred Fifty Thousand Dollars ($750,000) or more in a fiscal year (applicable to fiscal years starting on or after December 26, 2014). However, a# agencies receiving any award amount under this contract must submit, at a minimum, a fiscal year end financial statement. Audits / financial statements must be submitted to the City no later than nine (9) months after the end of the agency's fiscal year. (b) The City may make an examination of the Agency's fidelity bonding and fiscal and accounting procedures to determine whether these procedures meet the requirements of this Agreement. (c) At any time during normal business hours and as often as the City, HUD and/or the Comptroller General of the United Stated may deem necessary, there shall be made available to the City, HUD and/or representatives of the Comptroller General for examination of all its records with respect to all matters covered by this Agreement. Further, the Agency shall permit the City, HUD and/or representatives of the Comptroller General to audit, examine and make excerpts of transcripts from such records, and to 3