FULL AGENDA PACKET 2021-07-06 - Laserfiche WebLink

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EXHIBIT 1 B. Putsuant to 2 CFR §200.331(a)(4), the htdirect Cost Rate for the SUBRECIPTENT's award shall he an approved federally recognized indirect cost rate negotiated between the SUBRECIPIENT and the Federal government, or, if no such rate exists, either a rate negotiated between the CITY and the SUBRECIPIENT, or a de minions indirect cost rate as defined in 2 CFR §200-414(b) Indirect (F&A) costs. C. SUBRECTPIENT has the ability to adjust line item amounts in the budget with the approval of the Executive Director, so long as the total Budget arnotmt does not increase. D. CITY agrees to provide for on -site monitoring reviews of said program operation at least atmually. In addition, monthly desktop reviews of pertinent information will be conducted- E. CITY has the right to de -obligate the fiords hereunder, and take such funding back from SUBRECIPIENT, due to tiny of the following reasons: (a) lack of perfornhtmce by SUBRECIPIENT; (b) lack of fiscal accountability of SUBRECIPIENT; or (c) decrease in available funding. III. TERM OF AGREEMENT A. This Agreement shall commence on July 6, 2021, and all duties arising tinder this Agreement shall have been performed by June 30, 2022. Thu Tern of this Agreement may be extended by a writing executed by the City 'Manager and the City Attorney. SUBRECIPIENT acknowledges and agrees that it must provide follow-up services for one (1) year after the Term, whether horded or not. B. SUBRECIPIENT agrees to comply with the closeout procedures detailed in 2 CFR §200.343, including the following: 1. STBRECIPIENT must suhmit, no later than ninety (90) calendar days after the end date of the period of performance, all financial, performance, and other reports as required by the terns and conditions of the Federal award; 2. Unless the CITY autborixes an extension, SUBRECIPIENT must liquidate all obligations incurred under the Federal award not later than ninety (90) calendar days after the end date of the period ofperforinance as specified in the terms and conditions of the Federal award; 3. SUBRECIPIENT must promptly re&md any balances of taiobligated cash that the CITY paid in advance or paid and that is not authorized to be retained by SUBRECIPIENT for use in other projects (See 01MB Circular A-129 and 2 CFR §200.345); 4. SUBRECIPIENT rhmst account for any real and personal property acquired with Federal hinds or received fi-om the Federal government in accordance with 2 CFR §§200.310-200.316 and 200.329, and, City Council 16 — 9 7/6/2021 Page 6 of 17