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3.2. Party Project Managers. Fach Party will assign a project manager to coordinate <br /> implementation of the Program within the Party's jurisdiction, provide Party-specific input on <br /> relevant issues, including engaging other city staff as necessary, and ensure community <br /> engagement within their jurisdiction, <br /> 3.3. Program Committee. The Parties will form a Program Committee consisting of each party's <br /> City Manager or designee to govern shared activities, with decisions to be made by majority <br /> consent of the Program Committee. <br /> 4. FINANCIAL PROVISIONS <br /> 4.1. Funding. The Parties have been awarded a grant from the OCBC, acting in their <br /> capacity as the CJF Regional Convener for Orange County, which is available on a reimbursement <br /> basis from the OCBC. The Parties fiu they agree to provide in-kind staffing and support to fulfill <br /> their respective roles in a timely manner. The Parties will further seek additional grant funding to <br /> advance the Program. Supplemental funding sources may include,but are not limited to,California <br /> GO-Biz grants, Community Development Financial Institutions (CDFI), Economic Development <br /> Administration (EDA), Southern. California Association of Governments (SLAG), and private <br /> sector sponsorships. <br /> 4.2. Program Accounts. In the event that the Parties secure grants or funding fully <br /> distributed to the Parties, an amendment to this Agreement will be required that establishes a <br /> qualified employee to act as the Program Treasurer. Such amendment shall establish the process <br /> and proto-cols related to the fiscal management of funds secured; including but not limited to; <br /> establishment of a Program Treasurer and duties, establishment of program accounts, auditing <br /> procedures, etc. <br /> 4.3. Financial Contributions by the Parties. <br /> a) Funding Sources and Party Shares. As set forth in Section 4.1, Program Costs <br /> are anticipated to be paid for from a combination of funding sources; (1) Grants, <br /> and (2) in-kind contributions. Party Shares will be determined based on Program <br /> Costs associated with Program activities within each Party's jurisdiction (the <br /> Party's "Cost Allocation"), to the extent that such costs exist and are not covered <br /> by a grant. Any funds that are contractually restricted to one Party's jurisdiction <br /> shall be credited first to that Party's Cost Allocation. Unrestricted funds shall be <br /> credited to the Parties' Cost Allocation pro rata. It is not intended for the Parties to <br /> make cash contributions except that a Party's governing body may approve their <br /> Party to make such a contribution. <br /> b) Funding Shortages. Should the Program experience a shortfall in funding during <br /> any fiscal year, the Program Committee may reduce the scope of work to the funds <br /> available. <br /> c) Public Benefit and Purpose. Each Party acknowledges that establishment and <br /> implementation of the Program is a substantial benefit to each such Party, and the <br /> 3 <br />