Laserfiche WebLink
U.S.Department of Transportation <br /> `/ Federal Railroad Administration <br /> (b) The end of the Period of Performance described under Section 4.5 of this Attachment <br /> 1 does not terminate this Agreement or the Recipient's obligations under this Agreement. <br /> ARTICLE 1.1: MONITORING, FINANCIAL MANAGEMENT, CONTROLS, AND RECORDS <br /> 11.1 Recipient Monitoring and Record Retention <br /> (a) The Recipient will monitor activities under this award, including activities under <br /> subawards and contracts,to ensure: <br /> (1) that those activities comply with this agreement; and <br /> (2) that funds provided under this award are not expended on costs that are not <br /> allowable under this award or not allocable to this award. <br /> (b) If the Recipient makes a subaward under this award,the Recipient will monitor the <br /> activities of the Subrecipient in compliance with 2 C.F.R. §200.332(d). <br /> (c) The Recipient will retain and provide access to records relevant to the award during <br /> the course of the Project and for three years after closeout or longer, as required under 2 <br /> C.F.R. § 200.334 <br /> (d) The Recipient will adhere to the recording and recordkeeping requirements set forth <br /> in 2 C.F.R. §§ 200.334-200.338. Project Closeout does not alter these requirements. <br /> 11.2 Financial Records and Audits <br /> (a) The Recipient will keep all Project accounts and records that fully disclose the amount <br /> and disposition by the Recipient of the award funds,the total cost of the Project, and the <br /> amount or nature of that portion of the cost of the Project supplied by other sources, and <br /> any other financial records related to the Project. <br /> (b) The Recipient will keep accounts and records described under Section 11.2(a)of this <br /> Attachment 1 in accordance with a financial management system that meets the <br /> requirements of 2 C.F.R. §§ 200.301-200.303 and 2 C.F.R. part 200, subpart F and will <br /> facilitate an effective audit in accordance with 31 U.S.C. §§ 7501-7506. <br /> (c) The Recipient will separately identify expenditures under the award in financial <br /> records required for audits under 31 U.S.C. §§ 7501-7506. Specifically,the Recipient will: <br /> (1) list expenditures separately on the schedule of expenditures of Federal <br /> awards required under 2 C.F.R. part 200, subpart F, including the fiscal year in the <br /> format"FY 202X" in the program name; and <br /> (2) list expenditures on a separate row under Part II, Item 1 (Federal Awards <br /> Expended During Fiscal Period) of Form SF-SAC, including"FY 202X" in Column C <br /> (Additional Award Identification). <br /> 20 <br />