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the terms of this Agreement, and to use said ERAP Funds to administer said program pursuant to the <br />regulations in Exhibit B attached hereto and incorporated herein by reference. <br />(1) Direct Financial Assistance. SUBRECIPIENT will be responsible to approve <br />the payment of direct financial assistance for up to an amount not to exceed Two Million, Four <br />Hundred Eight Thousand, Six Hundred Seventy -Five Dollars and Ninety -Five Cents <br />($2,408,675.95) to be used solely for grants to eligible participants in said program in accordance <br />with Exhibit A. The direct financial assistance will be disbursed by the United Way of Orange <br />County as a third party on behalf of the SUBRECIPIENT. <br />(2) Administrative Funds. CITY shall make administrative fee payment(s) to <br />SUBRECIPIENT in an amount not to exceed One -Hundred, Seventy -Two Thousand Nine -Hundred <br />and Six Dollars and Eighty -Four Cents ($172,906.84), pursuant to the terms detailed in Exhibit B. <br />D. Disbursement of Funds. Said ERAP Funds shall be disbursed by CITY to The <br />United Way of Orange County on behalf of the SUBRECIPIENT. Said Administrative Funds <br />shall be disbursed by CITY to the SUBRECIPIENT pursuant to the terms found in the <br />Compensation/Payment attached hereto as Exhibit B, with payments subject to the submittal of <br />invoices and other reporting requirements, as hereinafter more fully set forth. 25% of the <br />Administrative Funds will be disbursed after the Agreement is fully executed. SUBRECIPIENT <br />shall be obligated to perform such duties as would normally extend beyond the term, including, <br />but not limited to, obligations with respect to indemnification, audits, reporting, <br />data retention/reporting, and accounting. Failure to provide any of the required documentation <br />and reporting will cause CITY to withhold all or a portion of a request for ERAP Funds, or return <br />the entire request to SUBRECIPIENT, until such documentation and reporting has been received <br />and approved by CITY. <br />(1) Reduction in ERAP Funding. The CITY reserves the right to reduce the <br />amount of ERAP Funds to SUBRECIPIENT, or to completely terminate this Agreement, in the <br />CITY's sole discretion, if there is a reduction in ERAP Funds provided to the CITY. <br />(2) Reduced Distribution of Funds. The CITY reserves the right to reduce the <br />grant application if the CITY's fiscal monitoring indicates that SUBRECIPIENT's rate of <br />expenditure will result in unspent funds at the end of the program term. Amendments in the grant <br />allocation will be made after consultation with SUBRECIPIENT. <br />(3) Reversion of Assets. SUBRECIPIENT agrees that any and all funds received <br />under this Agreement shall be disbursed during the Term of this Agreement, and that any and all <br />funds remaining as of the end of the Term, which have not been disbursed, shall be returned by <br />SUBRECIPIENT to the CITY within thirty (30) days of the expiration or earlier termination of the <br />Agreement. No expense of SUBRECIPIENT will be reimbursed by CITY if incurred after the end <br />of the Term of the Agreement. <br />(4) Interest on Funds. ERAP Funds made by Treasury to local governments, Tribes, <br />and TDHEs are not subject to the requirement of 2 CFR 200.305(b)(8)-(9) to maintain balances in an <br />interest -bearing account and remit payments to Treasury. <br />3 <br />