AG 2006 06 19 - Laserfiche WebLink

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performed in compliance with Office of Management and Budget Circular A- 133. G. FINANCIAL ACCOUNTING I. The Agency shall establish and maintain fiscal and accounting records in Accordance with generally accepted accounting principles and practices. 2. The Agency shall not commingle accounts to an extent that prevents the Accounting and auditing of the funds provided hereunder: provided, however, the Agency may supplement the funds provided hereunder from other fund sources. 3. Funds provided hereunder are exclusively for the purposes ofthis agreement under the terms and conditions of the agreement, and the Agency shall not temporarily or permanently shift such funds to other programs or utilize for other purposes for any reason. H. RESIDENT ECONOMIC OPPORTUNITY: I. The Agency shall take affirmative action to ensure that residents of the project area are given maximum opportunity for training, employment and business opportunities. 2. When qualified applicants are available, preference shall be given to residents of the project area in filling all training, business opportunities and jobs generated by the Program even where employment results outside the geographic boundary of the project area. I. PUBLICITY: The Agency shall make every effort in its publicity and in other ways, to fully inform the public concerning the Project. Any publicity given to the Project must recognize the CabarruslIredellJRowan HOME Consortium as the sponsor and the Project being funded by HUD through the HOME Investinent Partnership Program. The City will, in all publicity originated by it concerning the Project, recognize the Agency as the entity responsible for carrying out the Project. J. SUSPENSION OR TERMINATION FOR CAUSE: I. The City, upon written notice to the Agency, may suspend or terminate payment of Grant funds to the Agency in whole or in part for cause which shall include, but not limited to, the following: (a) Ineffective or iniproper use of Grani funds; (b) Failure to comply with the terms and conditions of this agreement; (c) Submission to the City ofreports which are incorrect or incomplete in any material respect; (d) Suspension of the Grant from HUD to the City in whole or part for any reason. 2. The City, upon written notice to the Agency, may also withhold payment of any uneamedportion of the Grant if the Agency is unable or unwilling to accept any !=":34