4.3 SR 04-04-2022 - Laserfiche WebLink

Home Browse Search

e. Preference for Domestic Materials. Subrecipient will, to the extent appropriate, practicable and consistent with the law, provide a preference for the purchase, acquisition, or use of goods, products or materials produced in the United States, as provided for in 2 CFR § 200.322. 4. Insurance and Bonding. Grantee shall comply with the insurance and bonding requirements set forth in 2 CFR § 200.310 and 200.326. 5. Indirect Cost Rate. The Parties do not intend to reimburse indirect costs as part of the Grant. 6. Financial Management. a. Accounting Standards. Grantee agrees to comply with the fiscal management standards provided for in 2 CFR § 200.302(b) and agrees to adhere to the accounting principles and procedures required therein. b. Cost Princples. Grantee acknowledges that the cost principles provided for in 2 CFR § 200.400-4 16 apply to this Agreement and that Grantee's use of Grant Funds are limited to only those costs that are reasonable, allocable to the federal award (SLFRF) and otherwise in compliance with the cost principles. 7. Records to be Maintained; Access to Records; Reports. a. Records. Grantee shall maintain all records relating to its use of Grant Funds as required by 2 CFR § 200.334. Such records include, but not limited to, records relating to all costs incurred and procurement methods used by Grantee in connection with the Grant Funds and any performance measurement information. The records must be retained for the minimum periods identified in 2 CFR § 200.334 unless a longer retention period is provided for in this Agreement. b. Access to Records. Pursuant to 2 CFR § 200.332(a) (5), Grantee shall permit the City and auditors to have access to the Grantee's records and financial statements as required for the City to meet its audit requirements relating to SLFRF. C. Reports. Grantee shall submit to the City such reports and other information as may be required by the County, including without limitation such reports and information as may be required for the City to submit its own financial and other reports for purposes of the Prime Award. d. Survival. The provisions of this section 6 shall survive expiration or termination of this Agreement with respect to any reports or information that Grantee is required to submit to the City following expiration or termination of the Agreement. Closeout. The City and Grantee will closeout Grantee's use of SLFRF according to the closeout procedures in 2 CFR § 200.344-345. 11