Laserfiche WebLink
<br />XXVII. <br /> <br />IE IMBURSEME..r or ELIGIBLE EXPENDITURES: <br /> <br />A. <br /> <br />Upon written application by the Contractor and approval by the <br />Depart8ent, the Ðepart.ent Ihall obli,ate funds for reimburlement of <br />eligible expenditures a. let forth in the application. <br /> <br />B. <br /> <br />The Contractor Ihall refund to the Depart8ent any fundI the Contractor <br />clai.. and receiye. froa the Depart8eDt for the reiabur....nt of coatI <br />which are deterained by a State or rederal audit to be ineli,ible for <br />reiabur....nt. <br /> <br />C. <br /> <br />The Departønt .hall bave the ript to withbold aU or part of aay <br />future pa,.ents to the Contractor to offset an1 reiabura...nt ..ele to <br />the Coatractor for .ay iaeli,ible expenditures anel not refunded to the <br />Departaent by the Contr.ctor. <br /> <br />XXVIII. APPLICATION or THE HATCH ACT: <br /> <br />XXIX. <br /> <br />It is mutually agreed andpr08Í1ed that tbe Coatractor .hall notify every <br />employee of the Contractor whose principal eaplof88at is in connection with <br />any traffic lafety project financed in whole or in part under the Highway <br />Safety Act of 1966, of the provisionl of Section 12(a) of the Hatch Act, <br />15 V.S.C. 118 (a). <br /> <br />STANDARDS FOR CONTRACTOR FINANCIAL MANAGEMENT SYSTEMS: <br /> <br />Contractor financial management syste.. .hall Met or exceed the require- <br />ments of OMB Circular A-I02. Those require.ents 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 Depart.ental reporting <br />req ui rements; <br /> <br />B. <br /> <br />Records which identify adequately the source aDd application of funds <br />for grant-supported activities. Thele records Iball contain infor..ti~~ <br />pertaining to grant awards and authorization, obligations, commitments <br />assets, liabilities, outlays, and incO8e; <br /> <br />C. <br /> <br />Effective control over and accountability for all fundi, property, and <br />otber a..etl. The Contractor .ball adequately .afe,uard all .uch <br />a..etl and .hall allure that they are aaed 80lely for autborized <br />purpo.ea ; <br /> <br />D. <br /> <br />Coapariaon of actual with budleted a.oants for each contract, and rela- <br />tion of financial infor88tioa to perfor.aDce or productivity data, <br />including the production of unit coat infor88tion whenever appropriate <br />and required by tbe grantor acency; <br /> <br />E. <br /> <br />Procedures for deteraining the eligibility for reimbursement and <br />proper allocation of coltl; <br /> <br />f. <br /> <br />Accounting records which are lupported by lource documentatioD; <br /> <br />(Revised 3/84) <br /> <br />12 of 14 <br />