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(1) Direct Financial Assistance. SUBRECIPIENT will be responsible to approve the payment of direct financial assistance for up to an amount not to exceed Two Million, Thirty - Seven Thousand, Five Hundred Dollars ($2,037,500.00) to be used solely for grants to eligible participants in said program in accordance with Exhibit A. The direct financial assistance will be disbursed by the United Way of Orange County as a third party on behalf of the SUBRECIPIENT. (2) Administrative Funds. CITY shall make administrative fee payment(s) to SUBRECIPIENT in an amount not to exceed One -Hundred, Seventy -Two Thousand Nine -Hundred and Six Dollars and Eighty -Four Cents ($172,906.84), pursuant to the terms detailed in Exhibit B. D. Disbursement of Funds. Said ERAP Funds shall be disbursed by CITY to The United Way of Orange County on behalf of the SUBRECIPIENT. Said Administrative Funds shall be disbursed by CITY to the SUBRECIPIENT pursuant to the terms found in the Compensation/Payment attached hereto as Exhibit B, with payments subject to the submittal of invoices and other reporting requirements, as hereinafter more fully set forth. 25% of the Administrative Funds will be disbursed after the Agreement is fully executed. SUBRECIPIENT shall be obligated to perform such duties as would normally extend beyond the term, including, but not limited to, obligations with respect to indemnification, audits, reporting, data retention/reporting, and accounting. Failure to provide any of the required documentation and reporting will cause CITY to withhold all or a portion of a request for ERAP Funds, or return the entire request to SUBRECIPIENT, until such documentation and reporting has been received and approved by CITY. (1) Reduction in ERAP Funding. The CITY reserves the right to reduce the amount of ERAP Funds to SUBRECIPIENT, or to completely terminate this Agreement, in the CITY's sole discretion, if there is a reduction in ERAP Funds provided to the CITY. (2) Reduced Distribution of Funds. The CITY reserves the right to reduce the grant application if the CITY's fiscal monitoring indicates that SUBRECIPIENT's rate of expenditure will result in unspent funds at the end of the program term. Amendments in the grant allocation will be made after consultation with SUBRECIPIENT. (3) Reversion of Assets. SUBRECIPIENT agrees that any and all funds received under this Agreement shall be disbursed during the Tenn of this Agreement, and that any and all funds remaining as of the end of the Term, which have not been disbursed, shall be returned by SUBRECIPIENT to the CITY within thirty (30) days of the expiration or earlier termination of the Agreement. No expense of SUBRECIPIENT will be reimbursed by CITY if incurred after the end of the Term of the Agreement. (4) Interest on Funds. ERAP Funds made by Treasury to local governments, Tribes, and TDHEs are not subject to the requirement of 2 CFR 200.305(b)(8)-(9) to maintain balances in an interest -bearing account and remit payments to Treasury. E. Grant Program Requirements.