Common use of Recordkeeping; Audit Clause in Contracts

Recordkeeping; Audit. Grantee will maintain its books and records in accordance with generally accepted accounting principles, practices and procedures, and in a manner that will provide Funder with sufficient detail to review ▇▇▇▇▇▇▇’s receipts and expenditures relating to the Grant. Grantee will make such records available for review by Funder upon reasonable notice during the Grant Period and for four years after the termination or expiration of this Agreement. As a recipient of funds from an Indiana political subdivision, Grantee must allow for any audits required by the Indiana State Board of Accounts, and must file an Entity Annual Report (E-1) within sixty days of Grantee’s fiscal year end.