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(2) Administrative Funds. CITY shall make administrative fee payment(s) to SUBRECIPIENT in an amount not to exceed Eight -Hundred, Fifty Eight Thousand, Four Hundred Twenty -Seven Dollars and Fifty Five Cents ($858,427.55), pursuant to the terms detailed in Exhibit B. D. Disbursement of Funds. Said ERA2 Funds shall be disbursed by CITY to 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. The threshold balance for SUBRECIPIENT to serve as payor for said program is equal to two weeks of direct financial assistance payments, which shall not be less than $1,000,000. Two weeks of Direct Financial Assistance payments, which shall equate to $1,000,000, will be disbursed after the Agreement is fully executed. This balance shall be held by SUBRECIPIENT as a part of the initial upfront payment in order to ensure that SUBRECIPIENT can always operate with at least two weeks of direct financial assistance funding in its account while waiting for the next payment from the CITY. 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 ERA2 Funds, or return the entire request to SUBRECIPIENT, until such documentation and reporting has been received and approved by CITY. (1) Reduction in ERA2 Funding. The CITY reserves the right to reduce the amount of ERA2 Funds to SUBRECIPIENT, or to completely terminate this Agreement, in the CITY's sole discretion, if there is a reduction in ERA2 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 Term 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 Tenn of the Agreement. (4) Interest on Funds. ERA2 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.