O-2002-2599 - Laserfiche WebLink

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• 0 (15) days after the end of the previous qua: -ter and the annual performance report is due within one month after the end Of the contract period. Reimbursement requests received more than sixty (60) days after the reporting month will not be honored. Incorrect reports will- not be a-cepted and will be returned to the subrecipient for correction and resubmission. Failure to comply with the reporting requirements of this Article shall be a material breach of the contract and funding :will be withheld from the Subrecipient until such time as the reports are submitted. Grantee maintains the right to terminate thi: Agreement with the Subrecipient for failure to submit reports for three consecutiv- months. 4. Eligible Activiry The Subrecipient agrees to maintain doctmtentation that demonstrates that the activities carried out with funds provided Lader this Agreement meet the eligible activity relating to the HOME Program at :4 C.F.R. § 92.205, which states that funds may be used by a participating jurisdi:tion to provide for downpayment and closing cost assistance. The specific eligible costs for these activities are set forth in 24 C.F.R. 3 92.206(d). 5. Close -Outs Subrecipient's obligation to the Grantee shall not end until all closeout requirements described in 24 C.F.R. 84 are completed to the satisfaction of the OHED and the Harris County Auditor. Activities during this close-out period shall include. but are not limited to, making anal payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash ad%•ances, program income balances, and re_eivable accounts to the Grantee, and determining the custodianship of records. 6. Audits & Inspections All Subrecipient records with respect to ar:.• matters covered by this Agreement shal! be made available to the Grantee, its Zesignees or the Federal Government. at any time during normal business ho'.: -s, as often as the Grantee deems necessary, to audit, examine, and make exc:-pts or transcripts of all relevant data. An,.- deficiencies noted in audit reports mu:: be fully cleared by the Subrecipient %%Hain 30 da% -s after re:eipt by tl:e Subrec::)ient. Failure of the Subrecipient to comply with the abo',•e audit reettiremen:: will constitute a violation of this A2reement and may result in the %'�'ithhold:nsz of future payments. Subrecipient Hereby agrees to have an annual agency aud:: conducted in accordance with OMB Circular A-1=3.