Common use of Independent Audits Clause in Contracts

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Non- Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE ▇▇▇▇▇▇▇ must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division Director a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Non- Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE ▇▇▇▇▇▇▇ must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division Director a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Non- Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division Director a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division Director a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) 250 days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 1,000,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 for Non-Profit Institutions2 C.F.R. Part 200, Subpart F, “Audit Requirements”. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 a 2 C.F.R. Part 200, Subpart F independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Police Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 for Non-Profit Institutions. 2 CFR Part 200, Subpart F Audit Requirements.. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 a 2 CFR Part 200, Subpart F compliant independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If Service Provider shall cause the independent audits required by CITY’s Grant Manager2 CFR 200, GRANTEE as applicable, for all periods in which Program Funds have been expended to be completed in a timely manner at Service Provider's sole cost, and shall submit deliver copies of such audits to MFA within 30 days after the audits become available, but not later than 270 days after the end of Service Provider's or any Subcontractor's fiscal year. The Service Provider will require its auditors to obtain an agency audit that conforms confirmation from MFA to generally accepted auditing standards specify the funding sources and that includes the following components: A. Balance Sheet or Statement amounts of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Reportprogram funds disbursed. If Service Providers are subject to the audit includes requirements of 2 CFR 200 must obtain independent audits prepared by a Management Letter, this third party CPA in accordance with Generally Accepted Government Auditing Standards (“GAGAS”) covering financial and compliance audits. Agencies must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the provide either an independent CPA’s auditors report (“Audit”) or audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed financial statements conducted in Accordance accordance with Government Auditing Standards indicating that (“GAS”). The GAS Audit or audited financial statements will include an independent auditors report on the following: a. financial statements; and b. internal control over financial reporting and compliance The audit or audited financial statements will also include the auditor’s management letter if there is one and the Offeror’s response to any audit or audited financial statement findings. Offeror must submit their previous fiscal year audit. If Offeror received $750,000 in the fiscal year ending in 2018, a review of internal controls was performed and identifying material weaknesses and/or reportable conditionsSingle Audit is required pursuant to 2 CFR 200 Subpart F. Local public bodies (housing authorities, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share local governments), however, regardless of the GRANTEE's cost amount of federal funds received, must conduct annual independent financial audits by a certified auditor that has been approved by the auditNew Mexico State Auditor’s Office and on the state Auditor’s List. The following types of audit or audited financial findings may disqualify Offeror from funding: a. Repeat and unresolved audit findings, if required.as determined by MFA (2) b. If GRANTEE expends Offeror has received greater than $750,000 or more in a the fiscal year in Federal awards, GRANTEE shall submit an 2019 and the single audit report that conforms to did not meet the requirements of OMB Circular A- 133 for Non-Profit Institutionsthe 2 CFR 200 Subpart F: i. For Single Audit, no proof of Federal Audit Clearinghouse submission (FORM SF- SAC). ii. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal If Governmental entity, proof is not included of current audit submission to CITY's fair share the Office of the GRANTEE's cost of an A-133 independent audit, if requiredNew Mexico State Auditor. (3) The GRANTEE’s contract with its independent auditor shall require that the iii. If referenced in audit ascertains as a separate communication, no submission of management response letter and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to concerns noted in the findings of the Internal Control Report, if requiredmanagement letter. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENTiv. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing auditany findings, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies no submission of management letters the auditor prepares for the GRANTEE as part of the audit engagementresponse to findings. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) A Financial Dashboard must be completed and submitted via WebGrants by all Organizations receiving an aggregate amount $25,000 or more in funds from the CITY during any fiscal year which is either (i) grant funding other than construction funding and/or (ii) operating subsidy funding for operation of CITY facilities. The Financial Dashboard must be submitted via WebGrants within six months from the end of GRANTEE’s Fiscal Year. (9) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (910) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (1011) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE▇▇▇▇▇▇▇’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense.at (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Non- Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇GRANTEE's budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇GRANTEE. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division Director a copy of Auditor’s certification to practice in California with the audit.

Independent Audits. (1) If required by CITY’s Grant Manager, GRANTEE shall submit an agency audit that conforms to generally accepted auditing standards and that includes the following components: A. Balance Sheet or Statement of Financial Position; B. Statement of Support, Revenue and Expenses and Changes in Fund Balances or Statement of Activities; C. Statement of Functional Expenses; D. Independent Auditor’s Report. If the audit includes a Management Letter, this must also be submitted to the CITY. E. Schedule of Government Financial Assistance which identifies the gross amounts of grants obtained from the CITY and other governmental sources and shows the amount received and disbursed under each grant during the audited fiscal year; and F. Report on Compliance and on Internal Control over Financial Reporting based on an Audit of Financial Statements performed in Accordance with Government Auditing Standards indicating that a review of internal controls was performed and identifying material weaknesses and/or reportable conditions, if any. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of the audit, if required. (2) If GRANTEE expends $750,000 500,000 or more in a year in Federal awards, GRANTEE shall submit an audit report that conforms to the requirements of OMB Circular A- 133 A-133 for Non-Non- Profit Institutions. Funds may be set aside in ▇▇▇▇▇▇▇'s budget in an amount equal to CITY's fair share of the GRANTEE's cost of an A-133 independent audit, if required. (3) The GRANTEE’s contract with its independent auditor shall require that the audit ascertains and determines that no services provided by the GRANTEE under this AGREEMENT are duplicative of services provided to another agency from which GRANTEE receives funding and are not being reimbursed from funding received from another agency. (4) GRANTEE shall also submit a written agency management response to the findings of the Internal Control Report, if required. (5) GRANTEE shall obtain three (3) bids for an outside auditor to conduct the agency audit. The AGREEMENT with an outside auditor can span a term of multiple years but it is highly recommended that the GRANTEE rotate independent auditors every three (3) years. (6) GRANTEE shall enter into an AGREEMENT with an outside auditor no later than sixty (60) days before the end of each Fiscal Year calling for a financial and compliance audit of auditof GRANTEE's Fiscal Years that are covered by this AGREEMENT. The written AGREEMENT may be in the form of an engagement letter prepared by the auditor and approved by ▇▇▇▇▇▇▇. (7) An audit report must be completed and posted in PDF format on WebGrants within six (6) months of the end of each of the GRANTEE's Fiscal Years covered by this AGREEMENT. If this AGREEMENT expires or is terminated on a date that occurs after the period covered by the foregoing audit, GRANTEE shall deliver an audit report within two hundred and fifty (250) days after the expiration or termination of this AGREEMENT auditing the period not covered by the prior audit. (8) Should GRANTEE not enter into an AGREEMENT with an outside auditor or should an audit not be done on a timely basis, the CITY, at its discretion, may enter into an AGREEMENT with an independent auditor to do the audit at GRANTEE’s expense. (9) The GRANTEE shall submit to the CITY copies of management letters the auditor prepares for the GRANTEE as part of the audit engagement. (10) All audits must be performed by Certified Public Accountants currently certified and licensed to practice in the State of California. GRANTEE must have Auditor’s proof of current licensing on file in GRANTEE’s office. GRANTEE must submit to the CITY's Parks, Recreation and Neighborhood Services Department, Administrative Services Division Director a copy of Auditor’s certification to practice in California with the audit.