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City of Eugene <br /> • Secure Rural Schools <br /> Cooperative Agreement No. L12AC20472 <br /> Page 13 of 17 <br /> the GMO, shall be allowed in any manner or degree to amend or otherwise effect the terms of the <br /> agreement. <br /> E. Budget and Program Plan R= vision. <br /> 1. The budget plan is the financial expression of the proj€ et or program as approved <br /> during the award process. Recipients are required to report devinti:_si_s from budget and program <br /> plans and request prior approval for budget and program plan revisions in accordance with 2 CFR <br /> 215.25. <br /> 2. The BLM may, at its option, restrict the transfer of ;'itnds among direct cost categories <br /> or programs, functions and activities for awards in which the Fct e ai share of the project exceeds <br /> $100,000 and the cumulative amount of such transfers exceeds or if, expected to exceed 10 percent <br /> of the total budget as last approved by the BLM. No revision or Ira tster of funds shall be used for <br /> purposes other than those consistent with the original intent of the award. <br /> F. Audit Requirements_ <br /> 1. Non - Federal entities that expend $500,000 or more during a year in Federal awards <br /> shall have a single or program- specific audit conducted for that year in accordance with the <br /> Single Audit Act Amendments of 1996 (31 U.S.C. 7501 -7507) and revised OMB Circular A- <br /> 133, which is available at http / /www_whitehouse .gov /omb /grarts!i',rants circulars.html . <br /> Federal awards are defined as Federal financial assistance and Federal cost - reimbursement <br /> contracts that non - Federal entities receive directly from Federal :.,aiding agencies or indirectly <br /> from pass - through entities. They do not include procurement coritrats, under grants or contracts, <br /> used to buy goods or services from vendors. Non - Federal entities that expend less than $500,000 <br /> for a fiscal year in Federal awards are exempt from Federal audit requirements for that year, <br /> except as noted in A- 133, §_215(a), but records must be available tin- review or audit by <br /> appropriate officials of the Federal agency, pass - through entity, and General Accounting Office <br /> (GAO). <br /> 2. Audits shall be made by an independent auditor in accordance with generally <br /> accepted government auditing standards covering financial audit:.. Additional audit requirements <br /> applicable to this agreement are founck at 43 CFR 12.66 or 43 - <2.926, as applicable. <br /> General guidance on the single audit process is included in a pamphlet titled, Highlights of the <br /> Single Audit Process" which is available on the internet at <br /> http: / /www. dot. gov /ost/m60 /grart-'sir W,ontact.htm . Additional information on single audits is <br /> available from the Federal Audit Clearinghouse at http: //harvestf: r.census.gov /sac /. <br /> G. Inspection. The BLM has the right to inspect and evalruat: the work performed or being <br /> performed under this agreement, and the premises where the work i3 tieing performed, at all <br /> reasonable times and in a manner that will not unduly delay the work. If BLM performs inspection <br /> or evaluation on the premises of the recipient or a sub - recipient, the recipient shall furnish and <br />