FULL AGENDA PACKET_2021-05-04 - Laserfiche WebLink

Home Browse Search

EXHIBIT 1 amount of all matching funds contributed by the SUBRECIPIENT will be enumerated in Exhibit B, Final Budget. G- Program Income (1) Definition- Program income means, as provided by 2 CFR 200M, gross income received by the S;UBRYC1PIFsNf directly vcneraied by a grant supported activity, or earned only as a result of the grant agreement during the grant period. For purposes of ESG, program income will also include any amount of a security or utility deposit returned to the SUBRECIPIENT. (2) Use. The SUBRECIPIENT shall use all income received from said funds only for the same putposes for which said finds may be expended pursuant to the terms and conditions of this AGREEMENT. (3) Counts toward Matching- Costs paid by program income may count toward meeting the matching requirements, provided the costs are eligible ESG costs that supplement the program- 1I. Seoaration of Accounts All funds received by the SUBRI CIPIFNT from the CITY pursuant to this AGRI NIFNT shall be maintained separate and apart from any other funds of the SUBRECIPIENT, or of any principal or member of the SUBRECIPIENT, in an account (the "Account) at a federally insured banking or savings and loan instrurtion with record keeping of such Accounts maintained pursuant to applicable legal requirements- fie SUBRECIPII_Nf shall keep all records of the Account in a mariner that is consistent with generally accepted accounting principles- No monies shall be withdrawn fi-om die Account except tin- expendinu-es relating to essential services, homeless prevention, and/or operations costs, as authorized hereunder. All disbursements from the Account shall be for obligations incurred in the performance of this AGREEMENT and shall be supported by contracts, invoices, vouchers, and other data, as appropriate, evidencing the necessity of such expenditure. The CITY may withhold payment allocation requests if the SUBRECIPIENT fails to comply with the above requirements until such compliance is demonstrated. I- 1_xhenditure of Funds. Much like how HUD requires the CITY, pursuant to 24 CFR 576.203, to expend all of the grant funds for eligible activity costs within 24 months after the date that HUD signs the grant agrxmcnt with the CITY, it is a requirement for the SUBRECIPIENT to expend all of the grant funds for eligible activity costs within the aforementioned period. For the purposes of this paras raph, expenditure means either an actual cash disbursement for a direct charge for a good/service or an indirect cost, or the accrual of a diet charge for a goocllservice or an indirect cost. Failure to expend said funds within said timefranne can result in a reallocation of funds. Prohibited Use ............................................ (1) Generally. Tlne SUBRECIPIENT hereby certifies and agrees that it will not use funds provided through this AGRLEML.Nf to pay for meals for persons other than those identified as homeless or at risk of homelessness. Said funds shall not be used for entertainment purposes or for gifts. The SUBRI_C1111INT cetifies that it will not use said finds for illegal or dishonest conduct, rather, fund use will rennain in compliance with all applicable federal, state, and local laws, including applicable laws not outlined in this AGREEMENT. (2) Lobbying. The SIJ13RYCIP1FNT certifies and agrees that it will comply with federal law (31 U-SC 1352) and regulations found at 24 CFR Part 87, which provide that no appropriated funds may be expended by the recipient of' a federal contract, grant, loan, or cooperative agreement to pay any person for influencing or attempting to influence an officer or employee of any agency, Member of Congress, or an officer or employee of a Member of City Council 14 — 10 5/4/2021