2002-12-09 Regular Meeting and Workshop Meeting

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(15) days after the end of the previous qua-;er and the annual performance report is due within one month after the end o: the contract period. Reimbursement requests received more than sixty (60) dax•; 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 consecutive months. 4. Eligible Activin, The Subrecipient agrees to maintain doctcnentation that demonstrates that the activities carried out with funds provided under 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. § 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 art 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 Final payments, disposing of program assets (including the return of all unused materials, equipment, unspent cash advances, program income balances, and r::eivable accounts to the Grantee, and determining the custodianship of records. 6. Audits & Inspections All Subrecipient records with respect to ary matters covered by this Agreement steal! be made available to the Grantee, its Ztsignees 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. Any deficiencies noted in audit reports mu_: be fully cleared by the Subrecipient %%it tin 30 days after receipt by the Subrecipient. Failure of the Subrecipient to compl%, with the above audit requirement: will constitute a violation of this jreement and may result in the withhold::.; of future payments. Subrecipient hereby agrees to have an annual agency aud:: conducted in accordance with OMB Circular A-133.