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<br /> completion of settlement of audit findings),all books,records,and supporting documents to verify the
<br /> amounts,receipts,disbursements,names of recipients,and uses of all funds passing in conjunction with the
<br /> Agreement;the Agreement 8nd ali books,records,and supporting documents related to the Agreement shall
<br /> be available for review and audit by the Auditor General,the Department,or the Federal Transit
<br /> Administration(hereinafter"Auditing Parties");and the Grantee agrees to cooperate fully with any audit .
<br /> conducted by the Auditing Parties and to provide full access to all relevant materials. Failure to maintain the
<br /> books,records,and supporting documents required by this section shall establish a presumption in favor of
<br /> the Govemment for the recovery of any funds paid by the Department under the Agreement for which
<br /> adequate books,records,and supporting documentation are not avaitable to support their purported
<br /> disbursement.
<br /> G. General Audit and Inspection-Pursuant to 49 CFR 18.36(i),633.17,and 19.48,and applicable Office of _
<br /> Management&Budget Circulars,the Grantee shall permit,and shall require its contractors to permit,the
<br /> Department or any other state or federaf agency authorized to perform audits and inspections,to inspect all
<br /> wo�lc,work sites,materials,payrolls,and other data and records,with regard to the Project,and to audit the
<br /> books records and accounts of the Grantee and its contractors with regard to the Project. The Department
<br /> may also require the Grantee to fumish at any time prior to dose-out of the Project,audit reports prepared
<br /> according to generally accepted accounting�rinciples. The Grantee agrees to comply promptly with
<br /> recommendations contained in the DepartmenYs final audit repoR.
<br /> H. Unused Funds-The Grantee agrees that upon completion of the Project,and after payment or provision for '
<br /> payment or reimbursement of all eligible costs,the Grantee shall refund to the Department any unexpended
<br /> balance of the Grant. Prior to close-out,however,the Department reserves the right to deobligate unspent
<br /> funds.
<br /> ITEM 12-REQUISITIONS AND PAYMENTS
<br /> A. Requests for Payment by the Grantee-The Grantee may submit written requisitions for-payment of eligible
<br /> costs,and the Department shall honor such requests in the manner set forth in this ITEM. In order to receive
<br /> grant payments�ursuant to this Agreement,the Grantee must:
<br /> (1) complete,execute and submit to the Department requisition forms supplied by the Department in
<br /> accordance with the instructions contained therein;
<br /> (2) submit to the Department an explanation of the purposes for which costs have been incurred to
<br /> date or are reasonably expected to be incurred within the requisition period(not more than 30 days
<br /> after the date of submission)and any vouchers,invoices,or other documentation,satisfactory to the
<br /> Department to substantiate these costs;
<br /> (3) where local funds are required,demonstrate or certity that it has supplied local funds adequate,
<br /> when combined with the state and federal payments,to cover all costs to be incurred through the
<br /> end of the requisition period;
<br /> (4) have submitted all financial and progress repoRs currently required by the Department;and
<br /> (5) have received approval by the Department for all budget revisions required to cover all costs to be
<br /> incuned through the end of the requisition period.
<br /> B. Payment by the Department-Onty costs incuRed in accordance with the terms and conditions ot this '
<br /> Agreement shall be reimbursable. Upon receipt of the requisition fortn and the accompanying information,in
<br /> form satisfactory to the Department,the Department shall process the requisition,provided that the Grantee
<br /> is not in violation of any of Me terms of this Agreement,has satisfied the Department of its need for the funds
<br /> requested during the requisition period,and is making progress,satistadory to the Department,towards the
<br /> State/Federal Capita!Grant page 13
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