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<br /> {/;s <br /> following: <br /> PERFORMING AGENCY agrees to accept responsibility and financial 1 i abil ity <br /> for all equ~pment and supplies purchased with RECEIVING AGENCY WIC <br /> Program funds whether purchased locally by the PERFORMING AGENCY, or by <br /> the RECEIVI~G AGENCY and transferred to the care and custody of the <br /> PERFORMING AGENCY. PERFORMING AGENCY further agrees to conduct ~n annual <br /> physical inventory of all equipment purchased with RECEIVING AGENCY WIG <br /> Program funds and submit it to the RECEIVING AGENCY WIC Program by <br /> February 28th of each year. RECEIVING AGENCY reserves the right to <br /> recover the cost of equipment or supplies purchased by the RECEIVING <br /> AGENCY and placed in the custody of the PERFORMING AGENCY if such <br /> articles are lost, stolen, or otherwise unlocated. <br /> SECTION IV. BUDGET: <br /> All categories 07 cost billed to the RECEIVING AGENCY and allocation of such <br /> costs must be in accordance with the "Plan to Allocate Direct Costs" (PADC), <br /> submitted by PERFORMING AGENCY and approved by RECEIVING AGENCY. A listing of <br /> the categories contained in the negotiated PADC are shown in Exhibit A of this <br /> þ,ttachment. <br /> PERFORMING AGNEYC agrees that $924.66 per month of the .. maximum <br /> reimbursements" (calculated: 1, 401 sq. ft. at a cost of $0.66 Øer sq. ft.) <br /> will be restricted by the RECEIVING AGENCY and applied as payment for lease <br /> space provided to the PERFORMING AGENCY at 219 South Leonard Lane, Seguin, <br /> Texas. <br /> I <br /> -6- <br />