PARKS, RECREATION AND COMMUNITY SERVICES AGENCY (4)

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D. Allowable Costs. SUBRECIPIENT agrees to complete said program on or before June 30, 2022, and to use said funds to pay for accessary and reasonable costs allowable under the federal law and regulations to operate said program. Said amounts -shall include; but not be limited to, wages, administrative costs, and employee benefits comparable to other similarly situated employees, and indirect costs, Other allowable program costs are detailed in the budget, as set forth in "Exhibit B," attached hereto and by this reference incorporated herein. SUBRECIPIENT shall use all income received from said funds only for the same purposes for which said funds may be expended pursuant to the terns and conditions of this Agreement. SUBRECIPIENT has the ability to adjust line item -amounts in the budget with the written approval of the CITY's Executive Director of the Community Development Agency, or designee, so long as the total budget amount does not increase. pursuant to 2 CPR §200.331(a)(4), the Indirect Cost Ratc for the SUBRECIPIENT's award shall be an approved federally recognized indirect Post rate negotiated between the SUBRECIPIENT and the Federal government, or, if no such rate exists, the de mini'mis indirect Post rate a.s defined in 2 CFR §200.414(b) Indirect (F4,A) costs. For this agreement, the do minimis indirect cost rate of 10% will apply.. E. Lieensine, $UBRECIPIENT agrees to obtain and maintain all required licenses, registrations,accreditation and inspections from all agencies governing its. operations. SUBRECIPIENT shall ensure that its staff shall also obtain and maintain all required licenses, registrations, accreditation' and inspections from all agencies governing SUBRECIPIENT's operations hereunder, Such licensing requirements include obtaining a City business license, as applicable, F:. Zomnc: SUBRECIPIENT agrees that any facil ty/property used in furtheranceof said program shall be specifically zoned and permitted for suchuse(s) and nctivity(ies). Should SU13RECIPTENT fail to have the required land entitlement and/or permits, thus violating any local, state or federal rules and regulations relating thereto, SUBRECIPIENT shall immediately snake good -faith efforts to gain compliance with local, state or federal rules and regulations following written notification of said violation(s) from the CITY or other authorized citing agency, SUBRECIPIENT shall notify CITY immediately of any pending violations. Failure to notify CITY of pending violations, or to remedy suchkknownviolation(s) shall result in termination of grant funding hereunder, SUBRECIPIENT must make all corrections required to bring the facility/property into compliance with the law within sixty (60) days of notification of the violation(s); failure to gain compliance within such time shall result in termination of grant funding hereunder. G. Separation of Accounts. All funds received by SUBRECIPIENT from CITY pursuant to this Agreement shall be maintained in an account in a federally insured banking or savings and Joan institution with record keeping of such accounts maintained pursuant to applicable 2 CPI, 200.302 requirements. SUBRECIPIENT is not required to maintain separate depository accounts for CDBG FUNDS; provided however, the SUBRECIPIENT trust be able to account for receipt, obligation and expenditure of CDBG FUNDS pursuant to applicable 2 CPR 200.302 requirements. II. Audit Report Requirements. SUBRECIPIENT agrees that if SUBRECIPIBNT expends Seven hundred Fifty Thousand Dollars ($750,000) or more in federal funds, SU13RECIPIENT shall have an annual audit conducted by a certified public accountant in accordance with the standards as set forth and published by the United States Office of Management and Budget. SUBRECIPIENT shall provide CITY with a copy of said audit by April I of the year following the program year in which this Agreement is executed,