25E - AGMT - WIOA YOUTH FUNDS - Laserfiche WebLink

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negotiated between the CITY and the SUBRECIPIENT, or a de minimis indirect cost rate as defined in 2 CFR §200.414(b) Indirect (F &A) costs. C. SUBP,.E'CIPIENThas the ability to adjust line item srnounts in the budget witli the approval of the Executive Director, so long as the total Budget amount does not increase. D. CITY agrees to provide for on -site monitoring reviews of said program operation at least annually, In addition, monthly desk -top reviews of pertinent information will be conducted. E. CITY has the right to de- obligate the fiends hereunder, and take such funding back from SUBRECIPIENT, due to any of the following reasons: (a) lack of performance by SUBRECIPIENT; (b) lack of fiscal accountability of SUBRECIPIENT; or (c) decrease in available fturding. III. TERM OF AGREEMENT A. This Agreement shall commence on July 1, 2015, and all duties arising tinder this Agreement shall have been performed by June 30, 2017. The Term of this Agreement may be extended by a writing executed by the City Manager and the City Attorney, SUBRECIPIENT acknowledges and agrees that it must provide follow -up services for one (1) year after the Tenn, whether funded or not. B. SUBRECIPIENT agrees to comply with the closeout procedures detailed in 2 CFR §200.343, including the following: 1. SUBRECIPIENT must submit, no later than ninety (90) calendar days after the end date of the period of performance, all financial, performance, and other reports as required by the terms and conditions of the Federal award; 2. Unless the CITY authorizes an extension, SUBRECIPIENT must liquidate all obligations incurred under the Federal award not later than ninety (90) calendar days after the end date of the period of performance as specified in the terns and conditions of the Federal award; 3. SUBRECIPIENT must promptly refund any balances of unobligated cash that the CITY paid in advance or paid and that is not authorized to be retained by SUBRECIPIENT for use in other projects (See OMB Circular A -129 and 2 CFR §200.345); 4. SUBRECIPIENT must account for any real and personal property acquired with Federal funds or received frorn the Federal government in accordance with 2 CFR § §200.310 - 200,316 and 200.329; and, 5. The CITY should complete all closeout actions for the Federal award no later than one year after receipt and acceptance of all required final reports. N. INDEPENDENT CONTRACTOR 25E -12 Page 6 °F"