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3.A comparison of actual expenditures with budgeted amounts for each sub grant and <br />Contract; <br />4.Source documentation to support accounting records; and <br />5.Proper charging of costs and cost allocation. <br />B.Subrecipient's Records. Subrecipient's records shall be sufficient to: <br />1.Permit preparation of required reports; <br />2.Permit tracking offunds to a level of expenditure adequate to establish that funds have <br />not been used in violation of the applicable restrictions on the use of such funds; <br />3.Permit the tracking of program income earned, and any costs incurred (such as stand­ <br />in costs) that are otherwise allowable except for funding limitation; and <br />4.Permit tracking and reporting of leveraging as required by SB734 (Section 14211 <br />Unemployment Insurance Code § 14211 relating to workforce development.) <br />C.Costs Charged. Cost shall be charged to this Contract only in accordance with the <br />following: <br />a.TheWIOA; <br />b.20 CFR NPRM Part 683; <br />c.State implementing legislation; and <br />d.Requirements of Other Funding Sources. <br />42.Indirect Costs: The County of Orange reserves the right to cap administrative cost at 10%. <br />43.Dissolution of Entity: Subrecipient shall notify County immediately of any intention to <br />discontinue its existence or bring an action for dissolution. <br />44.Performance Standards: Subrecipient shall comply with and adhere to the performance <br />accountability standards and general program requirements described in Sections 116 <br />(Performance Accountability System) and 194 (General Program Requirements) of WIOA and <br />applicable regulations contained in Attachment E, Performance Standards. Should the <br />Performance Requirements defined in the Contract between the State of California and the County <br />of Orange be changed, County shall have the right to unilaterally modify this Contract to meet <br />such requirements. <br />45.Payments: Subrecipient agrees that any and all funds received under this Contract annually for <br />each respective fiscal year shall be disbursed on or before March 30, 2022 and that any and all <br />funds remaining as of March 30, 2022, which have not been disbursed shall be returned by <br />Subrecipient to County within thirty (30) days of the expiration or earlier termination of the <br />Contract in accordance with Paragraph K of this Contract. No expense of Subrecipient will be <br />reimbursed by County if incurred after March 30, 2022. <br />County of Orange <br />OC Community Resources Page28 of43 City of Santa Ana <br />Contract No.:MA-012-20011850 <br />EXHIBIT 2