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� Agreements to State and Local Governments,"} for all cost incurred whether <br /> charges on a direct or indirect basis. <br /> B. Documentation and Record-Keeping <br /> 1. Records to be Maintained <br /> The Subrecipient shall maintain all records required by the federal regulations <br /> specified in 24 CFR Part 570.506, and that are pertinent to the activities to be <br /> funded under this Agreement. Such records shall include but not be limited to: <br /> a. Records providing a full description of each activity undertaken; <br /> b. Records demonstrating that each activity undertaken meets one , <br /> of the National objectives of the CDBG Program; ��, <br /> c. Records required to determine the eligibility of activities; li <br /> d. Records required to document the acquisition, improvement, <br /> use or disposition of real property acquired or improved with <br /> CDBG assistance; <br /> e. Records documenting compliance with the fair housing and <br /> equal opportunity components of the CDBG program; <br /> f. Financial records as required by 24 CFR Part 570.502, and <br /> OMB Circular A-110; and <br /> g. Other records necessary to comply with Subpart K of 24 CFR <br /> 570. <br /> 2. Retention <br /> The Subrecipient shall retain all records pertinent to expenditures incurred under <br /> this contract for a period of five (5) years after the termination of all activities <br /> funded under this Agreement, or after the resolution of all Federal audit findings, <br /> whichever occurs later. Records for nonexpendable property acquired with funds <br /> under this contract shall be retained for five (5) years after final disposition of <br /> such property. Records for any displaced person must be kept for five (5) years <br /> after he/she has received final payment. <br /> 3. Client Data <br /> The Subrecipient shall document and provide data demonstrating client eligibility <br /> for services provided. Such data shall include, but not be limited to: client name, <br /> address, income level or other basis for determining eligibility, and description of <br /> service provided. Such information shall be made available to the City monitors <br /> or their designees for review upon request. <br /> Subrecipient Agreement(Rev. OS/06/02 LJL:bb) Page 7 of 18 <br />