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reduce requests for additional funds by the amount of any such program income balances <br /> on hand. All unexpended program income shall be returned to the City at the end of the <br /> contract period. Any interest earned on cash advances from the U.S. Treasury and from <br /> funds held in a revolving fund account is not program income and shall be remitted <br /> promptly to the City. <br /> 2. Indirect Costs <br /> If indirect costs are charged, the Subrecipient will develop an indirect cost allocation plan <br /> for determining the appropriate Subrecipient's share of administrative costs and shall <br /> submit such plan to the City for approval, in a form specified by the City. <br /> 3. Payment Procedures <br /> The City will pay to the Subrecipient funds available under this Agreement based upon <br /> information submitted by the Subrecipient and consistent with any approved budget and <br /> City policy concerning payments. With the exception of limited advances, made with pre- <br /> approval by the City, payments will be made for eligible expenses actually incurred by the <br /> Subrecipient, and not to exceed actual cash requirements. Payments will be adjusted by <br /> the City in accordance with advance fund and program income balances available in <br /> Subrecipient accounts. The City reserves the right to withhold payment of any <br /> disbursement until the City has reviewed and approved payment requests and all <br /> supporting documentation has been supplied by the subrecipient. In addition, the City <br /> reserves the right to liquidate funds available under this contract for costs incurred by the <br /> City on behalf of the Subrecipient. <br /> 4. Progress Reports <br /> The Subrecipient shall submit regular Progress Reports to the City in the form, content, <br /> and frequency as required by the City. <br /> D. Procurement <br /> 1. Compliance <br /> The Subrecipient shall comply with the general procurement standards found in 2 CFR <br /> 200.318 of the UAR and shall follow the City's Procurement Policies for all purchases or <br /> contractor/professional services solicitations. t The Subrecipient shall maintain records <br /> sufficient to detail the history of each procurement. <br /> 3 Contractor Eligibility <br /> The Subrecipient must ensure that awards are not made to any party which is debarred <br /> or suspended or is otherwise excluded from or ineligible for participation in Federal <br /> assistance programs under Executive Order 12549, "Debarment and Suspension"and the <br /> UAR. Subrecipient will have each contractor and subcontractor complete a contractor <br /> eligibility form in a format that is provided or approved by the City. This form will provide <br /> the information necessary to verify contractor eligibility. <br /> E. Use and Reversion of Assets <br /> 2016 Template Approved by Council 9/20/16 <br /> Page 10 <br />