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<br />XXVII . <br /> <br />REIMBURSEMENT OF ELIGIBLE EXPENDITURES: <br /> <br />A. <br /> <br />Upon written application by the Contractor and approval by the <br />Department, the Department shall obligate funds for reimbursement of <br />eligible expenditures as set forth in the application. <br /> <br />B. <br /> <br />The Contractor shall refund to the Department any funds the Contractor <br />claims and receives from the Department for the reimbursement of costs <br />which are determined by a State or Federal audit to be ine.1igible for <br />reimbursement. <br /> <br />C. <br /> <br />The Department shall have the right to withhold all or part of any <br />future payments to the Contractor to offset any reimbursement made to <br />the Contractor for any ineligible expenditures and not refunded to the <br />Department by the Contractor. <br /> <br />XXVIII. APPLICATION OF THE HATCH ACT: <br /> <br />XXIX. <br /> <br />It is mutually agreed and promised that the Contractor shall notify every <br />employee of the Contractor whose principal employment is in connection with <br />any traffic safety project financed in whole or in part under the Highway <br />Safety Act of 1966) of the provisions of the Hatch Act, 18 D.S.C. Section <br />595. <br /> <br />STANDARDS FOR CONTRACTOR FINANCIAL MANAGEMENT SYSTEMS: <br /> <br />Contractor financial management systems shall meet or exceed the require- <br />ments of OMB Circular A-lO2. Those requirements include) among others: <br /> <br />A. <br /> <br />Accurate, current, and complete disclosure of the financial results of <br />each grant program in accordance with Departmental reporting <br />requirements; <br /> <br />B. <br /> <br />Records which identify adequately the source and application of funds <br />for grant-supported activities~ These records shall contain informatiœ <br />pertaining to grant awards and authorization, obligations) commitments) <br />assets) liabilities, outlays) and income; <br /> <br />C. <br /> <br />Effective control over and accountability for all funds, property, and <br />other assets. The Contractor shall adequately safeguard all such <br />assets and shall assure that they are used solely for authorized <br />purposes; <br /> <br />D. <br /> <br />Comparison of actual with budgeted amounts for each contract, and rela- <br />tion of financial information to performance or productivity data, <br />including the production of unit cost information whenever appropriate <br />and required by the grantor agency; <br /> <br />E. <br /> <br />Procedures for determining the eligibility for reimbursement and <br />proper allocation of costs; <br /> <br />F. <br /> <br />Accounting records which are supported by source documentation; <br /> <br />(Revised 5/88) <br /> <br />12 of 14 <br />