Res 2024-159 approving a Subrecipient Funding Agreement with Texas State University under which the city will pass through fiscal year 2022 section 5307 Federal Transit Administration (FTA)

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SUBAWARD NO.002 for all Federal and Project Funds consistent with any applicable grant requirements. Sub- Recipient shall report its cash disbursements and balances to City on a quarterly basis and in compliance with Federal requirements. (e) Accounting-- Sub-Recipient shall establish and maintain proper accounting procedures and cash management records and documents in accordance with general accepted accounting principles. Sub-Recipient will meet or exceed all applicable audit requirements outlined in Title 48, Code of Federal Regulations(C.F.R.), Federal Acquisition Regulations(FAR). Sub-Recipient will comply with all applicable provisions of 2 CFR Part 200, Sub-Recipient will perform, if applicable, and provide as promptly as possible, any financial and compliance audits as required by the Single Audit Act Amendments of 1996, 31 U.S.C. 7501 el seq.; 2 CFR Part 200, and the most recent applicable OMB Compliance Supplement provisions for the U.S. DOT. Sub-Recipient will provide City a copy of the audit reports and bring to City's attention any audit findings relevant to Sub-Recipient's use of 49 U.S.C. 5307 funds, along with a statement that clearly describes the expected action of Sub-Recipient to repay any disallowed costs,make financial adjustment,or take other action. City may impose conditions on further funding based on such audit findings. 6.2 During this Agreement and the retention period set out in Section 6.3, City will monitor and may conduct fiscal and/or program audits of Sub-Recipient and its contractors under the terms of this Agreement. Representatives of City and/or the Federal Government shall have access to Project facilities, records and financial statements at all reasonable times relevant to this Agreement for these purposes, including those within the possession of any subcontractors. Sub- Recipient agrees to permit any of the foregoing parties to reproduce by any means whatsoever or to copy excerpts and transcriptions as City and/or the Federal Government deem necessary. 6.3 Sub-Recipient agrees to maintain all documentation and materials relevant to this Agreement for a period starting From the day the grant agreement is signed by the Regional Administrator through the course of the Award, the accompanying grant agreement, and any Amendments thereto until three years after the Recipient has submitted its last or final expenditure report, and other pending matters are closed. In the event of litigation or settlement of claims arising from the performance of this Agreement, Sub-Recipient agrees to maintain same until all such litigation, appeals, claims or exceptions related thereto have been conclusively resolved. VII. PROCUREMENT, PROPERTY AND EQUIPMENT STANDARDS 7.1 For any and all procurements associated with the Federal Funds tinder this Agreement (FTA Section 5307), Sub-Recipient shall meet or exceed all applicable procurement requirements that may include but not be limited to, 49 C.F.R. Part 18.36 inclusive of the standard for competitive procurements;methods of procurement;contracting with small and minority firms, women's business enterprise and labor surplus area firms;contract cost and price;awarding agency review; insurance and bonding. Sub- Recipient's procurement system must include, but not be limited to,the following procurement standards: (a) Procurement procedures must promote frill and open competition while Page 9 of 30