PCN3, INC. (NEWHOPE LIBRARY MODERNIZATION & DELHI LIBRARY BRANCH IMPROVEMENTS)

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D. Allowable Costs. SUBRECIPIENT agrees to complete said program on or before June 30, •. 2024, and to use said funds'to pay for necessary and reasonable'costs allowable under the federal law and • regulations to operate said program. Said amounts shall include,but not be limited to,wages, administrative costs, and employee benefits comparable to other similarly situated employees, and indirect costs. Other allowable program costs are detailed in the budget, as set forth in "Exhibit B," attached hereto and by this • reference incorporated.herein. SUBRECIPIENT shall use all income received from said funds only for the same purposes for which said funds may•be 'expended pursuant to the terms and conditions of this - •Agreement. SUBRECIPIENT has the ability to adjust line,item amounts hi the budget with.the written • approval of the CITY's Executive Director of the Community Development Agency, or designee,-so long-as '. the total budget amount does not increase. • • Pursuant to 2 CFR§200.331(a)(4), the Indirect Cost Rate for the SUBRECIPIENT's award shall be an approved federally recognized indirect cost rate negotiated between the SUBRECIPIENT and the • Federal government, or, if no such rate exists, the de mitihnis indirect•cost•rate as defined in 2. CFR .. §200.414(b)Indirect(F&A)costs, . • • For this agreement, the de minimis indirect cost rate of 10%will apply, • E. Licensing. SUBRECIPIENT agrees to obtain and maintain all required licenses, registrations, accreditation and inspections from all agencies governing its operations, SUBRECIPENT . shall ensure that its staff shall also obtain and maintain all required licenses, registrations; accreditation and inspections from all agencies '•governing SUBRECIPIENT's operations hereunder. Such '.licensing requirements include obtaining a City business license,as applicable. • • F. Zoning. SUBRECIPIENT agrees that any facility/property used in furtherance of said • program shall be specifically zoned and permitted for such use(s)and activity(ies). Should SUBRECIPIENT • fail to have the required land entitlement and/or permits, thus violating any local, state or federal rules and • regulations relating thereto, SUBRECIPIENT shall immediately make good-faith efforts to gain compliance with local, state or federal rules and regulations following written notification of said violation(s) froth the CITY or other authorized citing agency. SUBRECIPIENT shall notify CITY immediately of any pending • violations. Failure to notify CITY of pending violations,or to remedy such known violation(s)shall result in termination of grant funding hereunder. SUBRECIPIENT must make all corrections required to bring.the facility/property into compliance with the law within sixty(60)days of notification'of the violation(s); failure • to gain compliance within such time shall result in termination of grant funding hereunder. G. Separation of Accounts.All funds received by SUBRECIPIENT from CITY pursuant to this •• Agreement shall be maintained in an account in a federally insured banking or savings and loan.institution with record keeping of such accounts maintained pursuant to applicable 2 CFR.200.302 requirements.. • SUBRECIPIENT is not required to maintain separate depository accounts for CDBG FUNDS;provided • however, the SUBRECIPIENT must be able to account for receipt, obligation and expenditure of CDBG FUNDS pursuant to applicable 2 CFR 200,302 requirements. II, Audit Report Requirements. SUBRECIPIENT'agrees•that if SUBRECIPIENT-expends • Seven Hundred Fifty Thousand Dollars($750,000)or more in federal funds, SUBRECIPIENT shall have an • annual audit conducted by a certified public accountant in accordance with the standards as set forth and • published by the United States Office of Management and Budget. SUBRECIPIENT shall provide CITY with a copy of said audit by:April 1 of the year following,the prograni'year-in*inch this"Agreement is • executed. L Record Keeping/Reporting, SUBRECIPIENT shall keep and maintain complete and adequate records and reports on program participants to determine their initial and continuing eligibility for 3