HAVA 3 Agreement - Laserfiche WebLink

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IG -6938 Cast Principles The County shall administer its program in conformance with 2 CFR 200 Subpart E (200.400-475). These principles shall be applied for all costs incurred whether charged on a direct or indirect basis. The County agrees to adhere to the accounting principles and procedures required therein. County Monitoring and Management County agrees to abide by, and cooperate with OSOS, in meeting the applicable federal requirements for sub -recipient monitoring and management found in 2 CFR 200.331. Interest The County shall place funds received pursuant to this Agreement in an interest bearing account. All funds received pursuant to this Agreement will remain in that account until spent by the County on allowable activities. Interest earned on deposited funds will be spent on allowable activities under this Agreement. In the event of termination of this Agreement in accordance with its terms, unspent or unobligated interest earned on deposited funds shall be remitted to OSOS together with all other unspent or unobligated Federal and state matching grant funds. IX. GENERAL OBLIGATIONS OF THE COUNTY General Standards The County shall procure materials in accordance with the requirements of 2 CFR 200, Subpart D regarding Procurement Standards, and shall subsequently follow 2 CFR 200, Subpart D Property Standards, covering utilization and disposal of property. Equipment The purchase of equipment is an unallowable activity except when it is an integral part of an eligible project or service. Equipment with a unit cost of $5,000 or more must have prior approval from OSOS before any expense is incurred. The County shall comply with its own current policies concerning the purchase of equipment and shall maintain inventory records of all non -expendable personal property as defined by such policy, and as may be procured with funds provided herein. All other program assets (property, equipment, accounts receivable, etc.), other than unused grant funds and interest, shall revert to the County upon expiration of this Agreement, unless this Agreement is terminated under its own terms, or a different disposition of program assets is specified separately in writing by the parties. Page 5 of 21