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B.Pursuant to 2 CFR §200.332(b)(4), the Indirect Cost Rate for the SUBRECIPIENT's award shall be an approved federally recognized indirect cost rate negotiated between the SUBRECIPIENT and the Federal government, or, if no such rate exists, either a rate negotiated between the CITY and the SUBRECIPIENT, or a de minimis indirect cost rate as defined in 2 CFR §200.414(±) Indirect (F&A) costs. C.SUBRECIPIENT has the ability to adjust line item amounts in the budget with the approval of the Executive Director, so long as the total Budget amount does not increase. D.CITY agrees to provide for on-site monitoring reviews of said program operation at least annually. In addition, monthly desktop reviews of pertinent information will be conducted. E.CITY has the right to de-obligate the funds hereunder, and take such funding back from SUBRECIPIENT, due to any of the following reasons: (a) lack of performance by SUBRECIPIENT; (b) lack of fiscal accountability of SUBRECIPIENT; or (c) decrease in available funding. III. TERM OF AGREEMENT A.This Agreement shall commence on July 2, 2025, and all duties arising under this Agreement shall have been perfo1med by June 30, 2026. The Te1m of this Agreement may be extended by a writing executed by the City Manager and the City Attorney. SUBRECIPIENT acknowledges and agrees that it must provide follow-up services for one (1) year after the Term, whether funded or not. B.SUBRECIPIENT agrees to comply with the closeout procedures detailed in 2 CFR §200.343, including the following: 1.SUBRECIPIENT must submit, no later than ninety (90) calendar days after the end date of the pe1iod ofperfmmance, all financial, performance, and other repmts as required by the te1ms and conditions of the Federal award; 2.Unless the CITY authorizes an extension, SUBRECIPIENT must liquidate all obligations incun-ed under the Federal award not later than ninety (90) calendar days after the end date of the pe1iod of performance as specified in the terms and conditions of the Federal award; 3.SUBRECIPIENT must promptly refund any balances of unobligated cash that the CITY paid in advance or paid and that is not authorized to be retained by SUBRECIPIENT for use in other projects (See 0MB Circular A-129 and 2 CFR §200.345); 4.SUBRECIPIENT must account for any real and personal property acquired with Federal funds or received from the Federal government in accordance with 2 CFR §§200.310-200.316 and 2 CFR 200.329; and, 5.The CITY should complete all closeout actions for the Federal award no later than one year after receipt and acceptance of all required final reports. Page 6 of 18 EXHIBIT 1 City Council 10 – 10 7/1/2025