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<br />4. BONDING/PAYMEIlr OP PUNDS <br /> <br />a. Prior to payment of funds hereunder, the Grantee shall inform the GRA as <br />to what provision they have for fidelity bond coverage of persons <br />authorized to handle funds under this grant. This is to assure the GRA <br />that the Government's interest is protected. <br /> <br />.' " <br /> <br />b. Payments of funds available through this grant can be made through <br />reimbursement by U.S. Treasury check, an advance by Treasury check, or by <br />letter-of-credit in accordance with OMB A-I02, Attachment J, or OMS <br />A-IIO, Attachment I, as applicable, and as agreed upon by the GRA and <br />Grantee. <br /> <br />5. BANK/POND ACCOOIlrS <br /> <br />a. The requirement for bank/fund accounts shall be in accord with Attachment <br />A of OMS A-I02 or of OMS A-IIO as applicable. <br /> <br />b. When a letter of credit is the instrument for payment, the establishment <br />of a separate bank account is required. otherwise the application of <br />funds is subject to the requirements of Attachment G of OHB A-I02 or <br />Attachment F of OMS A-IIO as applicable. <br /> <br />c. Upon completion of all required work under the grant or other agreement, <br />the grantee shall immediately refund to the grantor any balance of <br />unobligated (unemcumbered) cash advanced or paid to the grantee that is <br />not authorized to be retained by the grantee for use on other grants. <br /> <br />6. PERSONNEL APPROVALS <br /> <br />The Grantor reserves the right to approve or disapprove the qualifications of <br />professional-level employees of the Grantee remunerated by the pederal share <br />of this grant. Resumes, in sufficient detail to reveal the experience, <br />education and other general and special qualifications for the position, must <br />be submitted to the GRA for consent prior to employment of a candidate. <br /> <br />7. PINANCIAL MANAGEMENT SYSTEM, RECORDS, REPORTS, AND AUDITS <br /> <br />a. The Grantee shall maintain a financial management system in accordance <br />with the standards prescribed in OMS A-I02, Attachment G or OMS A-IIO, <br />Attachment P, as applicable. <br /> <br />b. The Grantee shall retain financial records as well as supporting <br />documents and all other documents pertinent to the grant in accordance <br />with Attachment C of OKS A-I02 or OMB A-IIO, as applicable. <br /> <br />c. pinancial reports shall be submitted as called for in the Special Terms <br />and Conditions and in accordance with Attachment H of OMB A-I02 or <br />Attachment G of OHB A-IIO, as applicable. <br /> <br />d. Audits: <br /> <br />(1) Audits are to be performed in accordance with the applicable <br />requirements of OMB Circular No. A-I02, Attachment P, or A-lID, <br />Attachment P. The Grantee agrees that a financial and compliance <br />audit on an organization-wide basis will usually be performed <br />annually, but not less frequently than every two years. <br /> <br />- 5 - <br /> <br /> <br />