|(a) The grant recipient is responsible for managing
the day-to-day operations and activities supported by the grant agreement
and is accountable to the council for the performance of the grant
agreement, including the appropriate expenditure of grant award funds
and all other obligations of the grant recipient.
(b) The grant recipient must maintain a sound financial
management system that provides appropriate fiscal controls and accounting
procedures to ensure accurate preparation of reports required by the
grant agreement and adequate identification of the source and application
of grant funds awarded to the grant recipient.