RES 22-04 - Laserfiche WebLink

Home Browse Search

EXHIBIT A Grantee agrees to comply with the following additional provisions: 1 Reporting The Grantee will be required to complete an annual report which will include such information and will be in the format provided by MHFA. Once the Project is complete and the rental units are suitable for occupancy, and prior to final disbursement of Grant Funds, the Grantee will be required to complete a final report which will include such information and will be in the format provided by MHFA. 2 Accounting For all expenditures of Grant Funds made pursuant to this Grant Contract Agreement, the Grantee must keep financial records, including properly executed contracts, invoices, and other documents sufficient to evidence in proper detail the nature and propriety of the expenditures. Accounting methods must be in accordance with generally accepted accounting principles. 3 Records Retention The Grantee is responsible for the records retention requirements of all third parties. 4 Monitoring The Grantee will be monitored annually. This will take place at the time of annual reporting. Monitoring could include a phone call and/or a site visit by MHFA staff. Prior to final disbursement of Grant Funds, MHFA will also ask to review the most recent disbursement records. This will include a reconciled account balance showing when Grant Funds were received by the Grantee and disbursed to the third party. MHFA reserves the right to ask for additional information. 5 Compliance with Local, State and Federal Laws The Grantee and any third parties must comply with all locals state and federal laws, rules, regulations and ordinances, as well as any applicable MHFA policies, including, but not limited to, the following: (a) Recipients and subrecipients must comply with Visitability requirements at 462-4.34 October 2021 Workforce Housing Development Program Competitive Grant Agreement