UNITED STATES DEPARTMENT OF THE INTERIOR BUREAU OF RECLAMATION ASSISTANCE (3)

Home Browse Search

Page 10 of 52 BUDGET ITEM DESCRIPTION 11 COMPUTATION Cost Rate unit Quantity TOTAL COST CONTRACTUAL/ CONSTRUCTION -Explain any contracts orsub-Agreements that will be awarded, why needed, Explain contractor qualifications and how time contractor will be selected. Subtotal $ 6,090,000.00 OTHER BOR Environmental Review Retained Funds $ 1.00 US 1 10,000 $ 10,000.00 I Subtotal $ 10,000.00 TOTAL DIRECT COSTS: $ !6,100,000.00 INDIRECT COSTS _ N/A 0.00% $.. $ -. TOTAL ESTIMATED PROJECT/ACTIVITY COSTS: Total Is $6,100,000.00 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 87.7% and the Recipient's estimated non -Federal cost share is 12.3%. 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 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 funds without prior written approval. 7.3 Pre -Award Incurrence of Costs The Recipient shall be entitled to reimbursement for costs incurred on or after January 1, 2020, which if had been incurred after this Agreement was entered into, would have been allowable, allocable, and reasonable under the terms and conditions of this Agreement. Reimbursement of these costs is limited to the Federal cost share percentage identified in Section I.7.2 above. Agreement No. R20AP00113 Agreement Template (03/2019)