Specifications include, but are not limited to: Quarterly and Annual Reporting: The City of Minneapolis, which has a population that exceeds 250,000 residents and received more than $5 million in SLFRF funding, must complete financial, performance, and compliance reporting as required and outlined in Part 2 of the SLFRF Compliance and Reporting Guidance (see link above). Each contractor and subrecipient must maintain financial data and, where appropriate, provide performance data as requested by the City within the timeframe requested so that the City can meet its Federal reporting requirements. Subrecipient Monitoring: The City of Minneapolis, as an SLFRF recipient and pass-through entity, is also required to inform, evaluate, manage and monitor its subrecipients pursuant to 2 CFR 200.332 to ensure compliance with requirements of the SLFRF award. Each subrecipient will be subject to a risk assessment which may include but is not limited to factors such as prior experience in managing Federal funds, previous audits, personnel, and policies or procedures for award execution and oversight. Ongoing monitoring will take place during the duration of the contract.
