AG 1999 08 30 - Laserfiche WebLink

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(c) (D) Financial assistance Provided under this agreement shall not be used directly or indirectly: 1. for construction, such as construction of mass transit systems, and exclusive bus lanes; 2. to subsidize fares for public transportation; or 3. for subsidies for utility rate demonstrations or State insulation tax credits. Materials and supplies purchased with funds received as a result of this agreement shall be accounted for separately from all other materials and supplies obtained from any other source. Materials and supplies on hand from pdor weatherization programs may be purchased at-cost, with funds received through this agreement. All such purchases shall be accounted for by the Subcontractor in inventory records maintained to account for funds expended under this agreement. Section 7: Audit and Inspection. The Subcontractor shall permit, and shall require its subcontractors in writing as part of any subcontract agreement, to permit the Subgrantee, the Comptroller General of the United. States and the Department of Energy, or their authorized representative to audit and/or inspect all work, materials, payrolls, and other data and records with regard to this contract and to audi[ the books, records, and accounts of the Subcontractor pertaining to this contract. (A) The Subcontractor shall use its own procedures to arrange for independent financial and compliance audits which shall comply with the Single Audit Act and OMB CIRCULAR A-128 FOR LOCAL GOVERNMENTAL UNITS; or with OMB CIRCULAR A-133 FOR NONPROFIT ORGANIZATIONS. (B) The Subcontractor shall ensure that the audits required by this section shall be conducted each year, or at least every two years, and for the fiscal year during which the Weatherization Assistance Program is terminated. (c) Within thirty (30) days of receipt of the audit report from the CPA firm, the Subcontractor, shall furnish copies to: (1) the Energy Division, federal departments providing funding for this contract, their federal cognizant agency, and the Census Bureau Clearinghouse as required by the Single Audit Act of 1984, and (2) in addition, all Subcontractors which are nonprofit organizations and receive funds of $300,000 or more shall furnish a copy of their audit report directly to the N. C. State Auditor's Office as required by N. C. General Statute 143-6.1, Information from private organizations receivin.q State funds. In addition, any organization receiving between $15,000-$300,000 of state funds must submit a sworn accounting statement of receipts and expenditures to the NC State Auditor's Office within 30 days, or no later than 9 months after the end of said organizations fiscal year. Section 8: Contract Chanqes. Any proposed changes in this contract shall be in wdting, submitted to and approved and executed by the Subgrantee before performance of any work involved in the proposed change.