Res 2010-133 - Laserfiche WebLink

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actual allowable costs. See also 13 C.F.R. §§ 305.10 and 308.2. If actual allowable costs are greater than the total approved estimated budget, the federal share shall not exceed the total federal dollar amount authorized by this Award. b. The Matching Share, whether cash or in -kind, shall be paid out at the same rate as the federal share. Exceptions to this requirement may be granted by the Grants Officer based on sufficient documentation demonstrating previously determined plans for, or later commitment of, cash or in -kind contributions. In any case, the Recipient must meet its cost share commitment over the Award period. c. The Recipient shall show that the Matching Share is committed to the Project, available as needed, and not conditioned or encumbered in any way that precludes its use consistent with the requirements of EDA investment assistance. See 13 C.F.R. § 301.5. 4. Budget Revisions and Transfers of Funds Among Budget Categories. The EDA- approved budget is the budget plan for the Project. The Recipient must notify EDA of any deviation from the budget or program plans, including any change in scope of work or the objective of the Project (even if there is no associated budget revision requiring prior written approval). See 15 C.F.R. §§ 14.25 or 24.30, as applicable. a. Requests for budget revisions to the EDA- approved budget in accordance with the provisions provided below must be submitted to the Grants Officer, who shall make the final determination on such requests and notify the Recipient in writing. b. Amendments to this Award require preparation of Form CD -451, "Amendment to Financial Assistance Award," for execution by both the Grants Officer and the Recipient. Form CD -451 is required for the following: (i) Changes to the Project scope of work; (ii) Budget revisions requiring additional EDA or non -EDA funds; (iii) Budget revisions that result in cumulative transfer among direct cost categories in excess of 10 percent of the project cost and the federal share is greater than $100,000; (iv) The inclusion of costs for which FDA's prior approval is needed under the following OMB Circulars: Circular A -21, "Cost Principles.for Educationallnstitutions" (2 C.F.R. part 220); Circular A -87, "Cost Principles for State, Local, and Indian Tribal Governments" (2 C.F.R. part 225); and Circular A -122, "Cost Principles.for Non - Profit Organizations" (2 C.F.R. part 230), as applicable; (v) Change of site location; (vi) Change or addition of Recipient; (vii) Time extensions; and (viii) Modifications to the Terms and Conditions of the Award, other than time extensions. c. When an Award supports both construction and non - construction work, the Recipient must obtain prior written approval from the Grants Officer before making any fund or budget transfer from non - construction to construction or vice versa. See 15 C.F.R. §§ 14.250) or 24.30(c)(3), as applicable. d. Transfers shall not be permitted if such transfers would cause any federal appropriation, or part thereof, to be used for purposes other than those intended. This transfer authority does not authorize the Recipient to create new budget categories within an approved budget 5