UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION

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Page 8 of 50 7. BUDGET 7.1 Budget Estimate. The following is the estimated budget for this Agreement. As Federal financial assistance agreements are cost -reimbursable, the budget provided is for estimation purposes only. Final costs incurred under the budget categories listed may be either higher or lower than the estimated costs. All costs incurred by the Recipient under this agreement must be in accordance with any pre -award clarifications conducted between the Recipient and Reclamation, as well as with the terms and conditions of this agreement. Final determination of the allowability, allocability, or reasonableness of costs incurred under this agreement is the responsibility of the Grants Officer. Recipients are encouraged to direct any questions regarding allowability, allocability or reasonableness of costs to the Grants Officer for review prior to incurrence of the costs in question. BUDGET FILM DESCRIPTION TOTAL COST CONTRACTUAL/ CONSTRUCTION Installation Contract $2,262938.00 Consultant Contract $356,000.00 OTHER Reclamation Environmental and Cultaral Compliance Cost $25,000.00 TOTAL DIRECT COSTS $2,643,938.00 INDIRECT COSTS N/A SO.00 TOTAL ESM. IATED PROJECT COST:771 $2,643,938.00 7.2 Cost Sharing Requirement At least 50% non -Federal cost -share is required for costs incurred under this Agreement. Based on the budget estimate reflected in Section 7.1 above, the estimated Federal share of allowable costs is 11% and the Recipient's estimated non -Federal cost share is 89%. The Federal share of allowable costs shall not be expended in advance of the Recipient's non -Federal share. It is expected that expenditure of Federal and non -Federal funds based upon the estimated cost share percentages shall occur concurrently. At the end of the period of performance, if the final costs are lower than the original estimate and the 50% non -Federal cost share is met, the final payment and financial report can reflect a lower Recipient cost share than the original budget estimate. If a bona fide need arises which requires the expenditure of Federal funds in advance of the Recipient share, then the Recipient must request written approval from the Grants Officer prior to the expenditure. Recipient's may expend their agreed upon share of costs in advance of the expenditure of Federal fiords without prior written approval. Agreement No. R19AP00131 Ar eement Tmtplate 20 C -1 0 (0312019)