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25A - AGMT WIOA FORMULA
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25A - AGMT WIOA FORMULA
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Last modified
6/27/2019 5:16:41 PM
Creation date
6/27/2019 5:05:21 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25A
Date
7/2/2019
Destruction Year
2024
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EXHIBIT 2 <br />B. Pursuant to 2 CFR §200.331(a)(4), the indirect Cost Rate for the <br />SUBRECIPIEā¢NT's award shall be an approved federally recognized indirect cost rate negotiated <br />between the SUBRECIPTE.NT and the Federal government, or, if no such rate exists, either a rate <br />negotiated between the CITY and the SL;BRECIPTENT, or a do minitnis in direct cost rate us defined in <br />2 CFR §200.414(b) indirect (F&A) costs. <br />C. SUBREC 1ENT has the ability to adjust line item amounts in the budget with <br />the approval of the Executive Director, so long as the total Budget w-nount does not increase. <br />D. CITY agtees to prm° de for on -site monitoring reviews of said program <br />operation at least annually. In addition, monthly desk -top reviews of pertinent information will be <br />conducted, <br />E. CITY has the right to de -obligate the funds hereunder, and take such funding <br />back from SUBRECIPIENT, due to any of the -following reasons: (a) lack of performance by <br />SUBRECIPIENT; (b) lack of fiscal accountability of SUBRECIKENT; or (c) drxxease in available <br />funding. <br />III. <br />TERM OF AGRFF,N'IENT <br />A. 'Ibis Agreement shall commence on Jaly.l,-2019, and all duties arising under <br />this Agreement shall have been performed by June 30, 2020, The 'Perm of this Agreement may be <br />extended by a writing oxecuted by the City Manager and the City Attorney. SUBREC1PiENT <br />acknowledges and agrees that it most provide follow-up services for one (I) year after the Term, <br />whether funded or not. <br />B. SUBRECTPTFNT agrocs to Comply with the closeout procedures detailed in 2 <br />CPR §200.343, including the following: <br />I. SUBRECIPIENT must subrnit, no later than ninety (90) calendar days <br />after the end date of the period ol'perfonnance, all linancial, performance, and other reports m required <br />by the terms mud conditions of the Federal award; <br />2. Unless the CITY authorizes an extension, SUBRECIPTENT must <br />liquidate all obligations incurred under the Federal award not later than ninety (90) calendar days after <br />the end date of the period of performance as specified in the teens and conditions of the Federal award; <br />3. SUBRECIP1ENT must promptly refund any balances of unobligated cash <br />that the CITY paid in advance or paid and that is not authorized to be retained by SUBRECIPIENT for <br />use in other projects (See OM13 Circular A-129 and 2 CFR §200.345); <br />4. SUBRECIPIENT must account for any real and personal property <br />acquired with Federal funds or received fiVom the Federal government in accordance with 2 CFR <br />§200.310-200.316 and 200.329; and, <br />2 5A-113 Page 6 of 17 <br />
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