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D. Allowable Costs. SUBRECIPIENT agrees to complete said program on or before Tune 30, <br /> 2024, and to use said funds•to pay for necessary and reasonablo'costs allowable under the federal law and <br /> regulations to operate said program. Said amounts shall include,but not be limited to,wages,-administrative <br /> costs, and employee benefits comparable.to other similarly situated.employees, and indirect costs. Other <br /> allowable program costs are detailed in the budgct, as set forth in "Exhibit B," attached hereto and by this <br /> reference.incorporatedherein. SUBRECIPIENT shall use all income received from said funds only for the <br /> same purposes for which said hands may-be expended pursuant to the terms and conditions of this <br /> Agreement. SUBRECIPIENT has the ability to adjust line item amounts hi the budget with the written- <br /> approval of the CITY's Executive Director bf,the Community Dovelopxrent Agency, or designee, so long.-as <br /> the total budget amount does not increase. <br /> Pursuant to 2 CFR§200.331(a)(4),the Indirect Cost Rate for the SUBRECIPIENT's award shall <br /> be an approved federally recognized indirect cost rate negotiated between the SU13RECIPIENT and the <br /> Federal goverx mont; or, if no such rate exists, the de miriiinis indirect•cost rate as defined in 2. CFR <br /> §200.414(b)Indirect(F&A)costs. <br /> For this agreement, the de minimis indirect cost rate of 10%will apply. <br /> E. Licensing. SUBRECIPMNT agrees to obtain and maintain all required• licenses, <br /> registrations, accreditation and inspections from all agencies governing; its operations, SUBUCIPIENT <br /> shall ensure that its staff shall also obtain and maintain all required licenses, registrations; accreditation and <br /> .inspections from all 'agencies �governing SUBRECIPMNT's operations hereunder. Such :licensing <br /> requirements include obtaining a City business license,as applicable. <br /> F. Zoning. SUBRECWIBNT agrees that any facility/property used in firt'therance of said <br /> program shall be specifically zoned and permitted for such usc(s)and activity(ies). Should SUBRECIPIENT <br /> fail to have the required land entitlement and/or permits, thus violating any local, state or federal rules and <br /> regulations relating thereto, SU13RECIPIENT shall immediately mare good-faith efforts to gain compliance <br /> with local, state or federal rules and regulations following written notification of said violation(s) horn the <br /> CITY or other authorized citing agency. SUBRECIPIENT shall notify CITY immediately of any pending <br /> violations. Failure to notify CITY of pending violations,or to remedy such known violation(s)shall result in <br /> termination of grant funding hereunder. SUBRECIPIENT must mare all corrections required to bring.the . <br /> facility/property into compliance,with the law within sixty(60)days of notification'of the violation(s); failure <br /> to gain compliance within such time shall result iu termination of grant funding hereunder. <br /> G. S ration of Accounts.All funds received by SUBRECIPMNT from CITY pursuant to this <br /> Agreement shall be maintained in an account in a federally insured bmn :ing or savings and loan.institution <br /> with reeord'keeping of such accounts maintained pursuant'.to applicable.2' CFR.200.302 requirements.. <br /> "RECIP ENT is not required to maintain separate depository accounts for CDBG FUNDS; provided <br /> however, the SUBRECIPIENT must be able to account for receipt, obligation and expenditure of CDBG <br /> FUNDS pursuant to applicable 2 CFR 200.302 requirements. <br /> H. Audit Report Requirements. SUBRECIPIENY agrees-that if _IPIRNT.ejpends� <br /> Seven Hundred.Fifty Thousand Dollars($750,000)or ruore in federal funds,-SUBRECIPIENT shall have an <br /> annual audit conducted by a certified public accountant in accordance with the standards as set forth and <br /> published by the United States Office of M4nagement and Budget. SUBRECIPIENT shall provide CITY <br /> with a-copy of said'audit by'.April 1 of the year following.the program y iri which tlr Agre ' nt'is <br /> executed. <br /> I. Record Kee j ortin . SUBRECIPIENT shall keep and maintain complete. and <br /> adequate records and reports on program participants to determine their initial and continuing eligibility for <br /> 3 <br />