Common use of Project Audit Clause in Contracts

Project Audit. ‌ The Grantee understands and agrees to the following:‌ i. Upon Project completion pursuant to Regulation Section 1860.20, the Office of Public School Construction may notify the Grantee, the Grantee’s County Office of Education, and the State Controller’s Office that the Grantee is subject to an audit of the Project by a local auditor that is in accordance with the Guide for Annual Audits of K-12 Local Education Agencies and State Compliance Reporting. The Grantee shall retain all financial accounts, documents, and records necessary for an audit pursuant to Education Code Section 41024(a)(4) and shall provide Project documentation, if requested by the local auditor. ii. Project documentation that the Grantee shall provide when requested by the local auditor, for the purposes of the audits described in Education Code Section 41024, shall include, but is not limited to:‌ a) Proof of acreage purchased b) Proof of site costs and adjusted site grants, where applicable c) Copy of Form SAB 70-01

Project Audit. ‌ The Grantee understands and agrees to the following:‌following: i. Upon Project completion pursuant to Regulation Section 1860.20, the Office of Public School Construction may notify the Grantee, the Grantee’s County Office of Education, and the State Controller’s Office that the Grantee is subject to an audit of the Project by a local auditor that is in accordance with the Guide for Annual Audits of K-12 Local Education Agencies and State Compliance Reporting. The Grantee shall retain all financial accounts, documents, and records necessary for an audit pursuant to Education Code Section 41024(a)(4) and shall provide Project documentation, if requested by the local auditor.. (Authority: Regulation Section 1860.20)‌ ii. Project documentation that the Grantee shall provide when requested by the local auditor, for the purposes of the audits described in Education Code Section 41024, shall include, but is not limited to:‌to: a) Proof of acreage purchased b) Proof of site costs and adjusted site grants, where applicable c) Copy of Form SAB 70-01

Project Audit. ‌ The Grantee understands and agrees to the following:‌following: i. Upon Project completion pursuant to Regulation Section 1860.20, the Office of Public School Construction may notify the Grantee, the Grantee’s County Office of Education, and the State Controller’s Office that the Grantee is subject to an audit of the Project by a local auditor that is in accordance with the Guide for Annual Audits of K-12 Local Education Agencies and State Compliance Reporting. The Grantee shall retain all financial accounts, documents, and records necessary for an audit pursuant to Education Code Section 41024(a)(4) and shall provide Project documentation, if requested by the local auditor.. (Authority: Regulation Section 1860.20) ii. Project documentation that the Grantee shall provide when requested by the local auditor, for the purposes of the audits described in Education Code Section 41024, shall include, but is not limited to:‌to: a) Proof of acreage purchased b) Proof of site costs and adjusted site grants, where applicable c) Copy of Form SAB 70-01