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completed and submitted within the earlier of 30 days after receipt of the auditor's report or 13 <br />months after the end of the audit period. Contractor shall ensure that the audit report is made <br />available for public inspection within thirty (30) days after completion of the audit. Audits <br />performed under Subsection A of this Section 19 are subject to review and resolution by <br />Department or its authorized representative; <br />4. The audit report must include verification of all expenditures by budget category including <br />matching funds, in accordance with Exhibit B, Budget, of this contract. <br />B. Notwithstanding Subsection A of this Section 19, Contractors expending less than $300,000 in <br />Federal financial assistance, may arrange for the performance of an annual financial statement audit. <br />Such audit should include verification as requested on Subsection (A)(4) of this Section 19. <br />C. Notwithstanding Subsection A of this Section 19, Department reserves the right to conduct an <br />annual financial and compliance audit of funds received and performances rendered under this <br />contract. Contractor agrees to permit Department or its authorized representative to audit <br />Contractor's records and to obtain any documents, materials, or information necessary to facilitate <br />such audit. <br />D. Contractor understands and agrees that it shall be liable to Department for any costs disallowed <br />pursuant to financial and compliance audit(s) of funds received under this contract. Contractor further <br />understands and agrees that reimbursement to Department of such disallowed costs shall be paid by <br />Contractor from funds which were not provided or otherwise made available to Contractor under this <br />contract. <br />E. Contractor shall take such action to facilitate the performance of such audit or audits conducted <br />pursuant to this Section 19 as Department may require of Contractor. <br />F. Contractor shall procure audit services through an open, competitive process at least once every <br />four years. The auditor shall retain working papers and reports for a minimum of three years after the <br />date of issuance of the auditor's report to the auditee. Audit working papers shall be made available <br />upon request to Department at the completion of the audit, as a part of a quality review, to resolve <br />audit findings, or to carry out oversight responsibilities consistent with the purposes of this part. <br />Access to working papers includes the right to obtain copies of working papers, as is reasonable and <br />necessary. <br />SECTION 20. ENVIRONMENTAL CLEARANCE REQUIREMENTS <br />A. Contractor understands and agrees that by the execution of this contract Contractor shall assume <br />the responsibilities for environmental review, decision making, and other action which would <br />otherwise apply to Department under Section 5304(f) of the Act, in accordance with and to the extent <br />specified in 24 C.F.R. Part 58. In accordance with Section 58.77(b) of such regulations, Contractor <br />further understands and agrees that Contractor shall handle inquiries and complaints from persons <br />and agencies seeking redress in relation to environmental reviews covered by approved certifications. <br />B. Funds provided under this contract may be obligated and expended before the actions specified in <br />this Section occur only for the following eligible activities: <br />1. The payment of reasonable planning and administrative costs related to the project; <br />2. Environmental studies, including environmental clearance activities required by this Section; <br />and <br />Page 9 of 12 <br />