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I' 3;:: ARTICLE 9. standards For Financial Manaqement PERFORMING AGENCY will develop, implement, and maintain financial management and control systems that meet or exceed the requirements of UGCMA. Those requirements include at a minimum: 1. Financial planning including the development of budgets that adequately reflect all functions and resources necessary to carry out authorized activities and the adequate determination of costs; 2. Financial management system including accurate, correct, and complete payroll, accounting, and financial reporting records, cost source documentation, effective internal and budgetary controls, determination of reasonableness, allowability, and allocability of costs, and timely and appropriate audits and resolution of any findings; and, 3. Billing and collection policies including a charge schedule, a system for discounting or adjusting charges based on a person's income and family size, and a mechanism capable of billing and making reasonable efforts to collect from patients and third parties. In addition, PERFORMING AGENCY agrees to bill third party payors for services provided under the Attachment (s), ,at no cost to the client. These potential payors include, but are not limited to, Medicaid, private insurance carriers, other available federal, state, local and private funds, etc. PERFORMING AGENCY is required to become a Medicaid provider for applicable program activities funded in the Attachment{s) hereto, and will maximize efforts to obtain payment from Medicaid and all other available sources. ARTICLE 10. Allowable Costs and Audit Requirements Only those costs allowable under UGCMA and any revisions thereto, plus any applicable federal cost principles are eligible for reimbursement under this Attachment{s). Applicable cost principles, audit requirements and administrative requirements are as follows: .. Audit Administrative Applicable Cost Principles Requirements Requirements A-8?, State & Local Governments Circular A-l28 UGCMA A-21, Educational Institutions Circular A-133 OMB Circular A-IIO A-122, Non-Profit Organizations Circular A-133 UGCMA To be eligible for reimbursement under this Attachment{s) , a cost must have been incurred within the Attachment term and paid by PERFORMING AGENCY prior to claiming reimbursement from RECEIVING AGENCY or encumbered by the last day of the Attachment term and liquidated no later than 45 days after the end of the Attachment term. Each PERFORMING AGENCY/AUTHORIZED CONTRACTING ENTITY receiving $25,000 or more in total federal/state financial assistance during their fiscal year shall arrange for an agency-wide financial and compliance audit of the PERFORMING AGENCY'S/AUTHORIZED CONTRACTING ENTITY'S fiscal year. The audit must be conducted by an independent CPA and must be in accordance with the applicable OMB Circulars and Government Auditing Standards. Procurement of audit services will comply with state procurement procedures, as well as provisions of UGCMA. Within 30 days of receipt of audit report, PERFORMING AGENCY/AUTHORIZED CONTRACTING ENTITY will submit a copy to RECEIVING AGENCY'S Internal Audit 1994 GENERAL PROVISIONS - Page 4 (5/93) - -