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EXHIBIT 1 <br />1. Information pertaining to sub -grant and Contract awards, obligations, unobligated balances, <br />assets, expenditures, and income; <br />2. Effective internal controls to safeguard assets and assure their proper use; <br />3. A comparison of actual expenditures with budgeted amounts for each sub grant and Contract; <br />4. Source documentation to support accounting records; and <br />5. Proper charging of costs and cost allocation. <br />B. Subrecipient's Records. Subrecipient's records shall be sufficient to: <br />1. Permit preparation of required reports; <br />2. Permit tracking of funds to a level of expenditure adequate to establish that funds have not been <br />used in violation of the applicable restrictions on the use of such funds; <br />3. Permit the tracking of program income earned, and any costs incurred (such as stand-in costs) <br />that are otherwise allowable except for funding limitation; and <br />4. Permit tracking and reporting of leveraging as required by S13734. <br />C. Costs Charged. Cost shall be charged to this Contract only in accordance with the following: <br />a. The WIOA; <br />b. 20 CFR Part 683; <br />c. State implementing legislation; and <br />d. Requirements of Other Funding Sources <br />6. Indirect Costs <br />The County of Orange reserves the right to cap administrative cost at 10%. <br />7. Dissolution of Entity <br />Subrecipient shall notify County immediately of any intention to discontinue its existence or bring an <br />action for dissolution. <br />8. Performance Standards <br />Subrecipient shall cooperate with the County with regards to the performance of this Contract. <br />9. Payments <br />Subrecipient agrees that any and all funds received under this Contract annually for each respective fiscal <br />year shall be disbursed on or before October 31, and that any and all funds remaining as of October 31 <br />annually, which have not been disbursed shall be returned by Subrecipient to County within thirty (30) <br />days of the expiration or earlier termination of the Contract in accordance with the Termination paragraph <br />of this Contract. No expense of Subrecipient will be reimbursed by County if incurred after October 31 of <br />each fiscal year. <br />County of Orange MA-012-25010265 Page 28 of 54 <br />OC Community Resources Regional Workforce Training Services <br />