Res 2023-137R approving an Interlocal Agreement with Texas State University that: 1) provides a framework and processes under which the City and Texas State University will coordinate their transit systems and identify future Texas State University

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maintain all checks, payrolls, invoices, contracts, vouchers, orders, or other accounting documents related in whole or in part to the Project so that they may be clearly identified, readily accessible, and available to City and FTA upon request and, to the extent feasible, kept separate from documents not related to the Project. (b) Funds Received or Made Available for the Project -- Sub-Recipient agrees to deposit in a financial institution and to record in the Project Account all amounts provided by the Federal Government for the Project and all other funds provided for, accruing to, or otherwise received on account of the Project(Project funds) in compliance with applicable Federal laws, regulations, and directives, except to the extent that FTA determines otherwise in writing.FTA encourages the use of financial institutions owned at least fifty (50)percent by minority group members. (c) Documentation of Project Costs and Program Income--Except to the extent that FTA determines otherwise in writing, Sub-Recipient agrees to support all costs charged to the Project,including any approved services or property contributed by the Sub- Recipient or others, with properly executed payrolls, time records, invoices, contracts, or vouchers describing in detail the nature and propriety of the charges. Sub-Recipient also agrees to maintain accurate records of all program income derived from Project implementation, except certain income FTA determines to be exempt from Federal program income requirements. With regard to Project Income, Sub Recipient agrees to adhere to the terms and conditions set out in Article VIII of this Agreement. (d) Reports to City--Sub-Recipient shall provide for control and accountability for all Federal and Project Funds consistent with any applicable grant requirements. Sub- Recipient shall report its cash disbursements and balances to City on a quarterly basis and in compliance with Federal requirements. (e) Accounting--Sub-Recipient shall establish and maintain proper accounting procedures and cash management records and documents in accordance with general accepted accounting principles. Sub-Recipient will meet or exceed all applicable audit requirements outlined in Title 48, Code of Federal Regulations (C.F.R.), Federal Acquisition Regulations (FAR). Unless permitted otherwise by Federal statute or regulation, Sub-Recipient will comply with all applicable provisions of 2 CFR Part 200, Sub-Recipient will perform, if applicable, and provide as promptly as possible, any financial and compliance audits as required by the Single Audit Act Amendments of 1996, 31 U.S.C. 7501 et seq.; 2 CFR Part 200, and the most recent applicable OMB Compliance Supplement provisions for the U.S. DOT. SubRecipient will provide City a copy of the audit reports and bring to City's attention any audit findings relevant to Sub- Recipient's use of 49 U.S.C. 5307 funds, along with a statement that clearly describes the expected action of Sub-Recipient to repay any disallowed costs, make financial adjustment, or take other action. City may impose conditions on further funding based on such audit findings. 6.2 During this Agreement and the retention period set out in Section 6.3, City will