75C - PH - CDBG FUNDS - Laserfiche WebLink

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D. Allowable Costs, SUBRECIPIENT agrees to complete said program on or before June 30, 2017, 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 terns and conditions of this Agreement. SUBRECIPIENT has the ability to adjust line iten amounts in 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 CPR §200.331(x)(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 minirnis indirect cost rate as defined in 2 CFR §200.414(b) Indirect (F&A) costs. For this agrcennent, the de mint nis indirect cost rate oft BDO/ will apply. R Licensing. SUBRECIPIENT agrees to obtain and maintain all required licenses, registrations, accreditation and inspections from all agencies governing its operations. SUBRECIPIENT shall ensure that its staff shall also obtain and maintain all required licenses, registrations, accreditation and inspections from all agencies governing SUBRECIPIEWs operations 'hereunder. Such licensing requirements include obtaining a City business license, as applicable. F. Zunis SUBRECIPIENT agrees that any facility /property used in furtherance of said pregnant shall be specifically zoned and permitted for such usc(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 inm ediately make good -faith efforts to gain compliance with local, state or federal rules and regulations following written notification of said violation(s) from the CI'TY or other authorized cithug agency. SUBRECIPIENT shall notify Crl"Y 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 ofthe violation(s); failure to gain compliance within such time shall result in termination of grant funding hereunder. G. Separationof Accounts. All funds received by SUBRECIPIENT from Cl'fY 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 prusnant 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 CPR 200.302 requirements. H. Audit Reoort Recpuiremerns. SUBRECIPIENT agrees that if SUBRECIPIENT expends Seven Hundred Fifty Thousand Dollars (,0750,000) 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 I of the year following the paognarn year in which this Agreement is executed. 75C -15