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(D) Materials and supplies purchased witb fonds received as a rasult of <br />thio agreement ohall he accounted for separately from all other materials and <br />supplies obtained from any other oource. Materials and supplies on hand from <br />prior weatherization programs may be purchased at-cost, with fundo received <br />through this asreement. All such purchases ohall be accounted for by the <br />Contractor in inventory records maintained to account for funds expended under <br />this agreement. <br /> <br /> Section ?~ Audit and Inspection. The Contractor shall permit, and shall <br />require its subcontractors in writing as part of any subcontract agreement, to <br />permit the Grantee, the Oemptreller General of the United States and the <br />Department cf Energy, er their authorized representative to audit and/or <br />inspect all work, materials, payrolls, and ether data and records .with regard <br />to this contract and to audit the books, records, and accounts of the <br />Contractor pertaining to this contract. <br /> <br /> (A) The Contractor shall use its own procedures to arrgnge for independent <br /> financial ~nd compliance audits which shall com~ly with the Single <br /> Audit Act ~nd OMB CIRCULAR A-128 FOR LOCAL GOVERNMENTAL UNITS; or with <br /> OMB CIRCULAR A-133 FOR NONPROFIT ORGANIZATIONS. <br /> <br /> NOTE: Nonprofit organizations may continue to comply with the audit <br /> requirements of Attachment F, Paragraph 2.h. of OMB Circular <br /> A-il0 for their fiscal year that began before January 1, 1990, <br /> but earlier implementation of the A-155 type audit is encouraged. <br /> <br /> (B) The Contractor shall ensure that the audits required by this section <br /> shall be conducted each year, or at least every two years, and for the <br /> fiscal year during which the Ueatberization Assistance Program is <br /> terminate~. <br /> <br /> (C) Uithin thirty (~0) of receipt ef the audit report from the CPA firm, <br /> the contractor, shall furnish copies to: <br /> <br /> (1) the Energy Division, federal departments providing funding for <br /> tbis contract, their federal cognizant agency, and the Census <br /> Bureau Clearinghouse as required by the Single Audit Act of 1984, <br /> and <br /> <br /> (2) in addition, all contractors which are nonprofit organizations <br /> and receive funds of $25,000 or more shall furnish a copy of <br /> their audit report directly to the N. G. State Auditor's Office <br /> as required by N. C. General Statue 143-6.1, Information from <br /> private orKanizations receiving State fund_~s. <br /> <br /> (D) Cost of the audit required by this section may be charged against the <br /> ~eatherization Assistance Program Administration budget on a pro rata <br /> basis as ~AP funds relate to total contractor funds audited. <br /> ¢ <br /> Section S: Contract Changes. Any prqposed changes in this contract shall <br />he in writing, submitted to and approved mhd executed by the Grantee before <br />performance of any work involved in the proposed change. <br /> <br /> <br />