AG 2004 08 16 - Laserfiche WebLink

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F. RECORD AND REPORTS: 1. The County shall reasonably maintain and shall make available to the City at reasonable times and places such records and accounts, including without limitation financial records, as well as any personal property on hand and also any involved personnel, all as deemed reasonably necessary by the City and/or State and Federal agencies in order to assure a proper accounting for all County Project Program funds. 2. The County shall provide any duly authorized City representative, representative of HUD and the Comptroller General of the United States, at all reasonable times, access to and the right to inspect, copy, monitor, and examine all of the books, papers, records, and other documents pertaining to the Program funds and the fulfillment of this Agreement for a period of up to three years following the completion of all close-out procedures respecting Program funds, and the final settlement and conclusion of all issues arising out of the Program loan. 3. The County shall provide sufficient reports to the City that denote accomplishments, beneficiaries, problems encountered and changes in work schedule and any other information needed by the City to complete the Consolidated Annual Performance Evaluation Report and other reports required by HUD. 4. The County shall provide an Annual Audit Report to the City performed in compliance with Office of Management and Budget Circular A-133. G. FINA/~CIAL ACCOU1T~ING: 1. The County shall establish and maintain fiscal and accounting Program records in accordance with generally accepted accounting principles and practices. 2. The County shall not commingle accounts to an extent that prevents the accounting and auditing of the Program funds provided hereunder: provided, however, the County may supplement the Program funds provided hereunder from other fund sources. 3. Program funds provide hereunder are exclusively for the purposes of this Agreement under the terms and conditions of this Agreement, and the County shall not temporarily or permanently shift such Program funds to other programs or utilize Program funds for other purposes for any reason. H. RESIDENT ECONOMIC OPPORTUNITY: 1. The County shall take reasonable affirmative action to ensure that residents of the County Project area are given reasonable opportunity for available training, employment and business opportunities. 2. When qualified applicants for Program funds are available, to the extent permitted by law and subject to the reasonable control of the County, preference shall be given to residents of the County Project area in filling all training, business opportunities and jobs generated by the Program even where employment may result outside the geographic boundary of the County Project area.