ORANGE, COUNTY OF (OC COMMUNITY RESOURCES) (2)

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Docusign Envelope ID:3E4F6E0C-EB27-4F7C-B2B2-44158526D6C8 1. Information pertaining to sub-grant and Contract awards, obligations,unobligated balances, assets,expenditures, and income; 2. Effective internal controls to safeguard assets and assure their proper use; 3. A comparison of actual expenditures with budgeted amounts for each sub grant and Contract; 4. Source documentation to support accounting records; and 5. Proper charging of costs and cost allocation. B. Subrecipient's Records. Subrecipient's records shall be sufficient to: 1. Permit preparation of required reports; 2. Permit tracking of funds to a level of expenditure adequate to establish that funds have not been used in violation of the applicable restrictions on the use of such funds; 3.Permit the tracking of program income earned,and any costs incurred(such as stand-in costs) that are otherwise allowable except for funding limitation; and 4.Permit tracking and reporting of leveraging as required by SB734. C. Costs Charged. Cost shall be charged to this Contract only in accordance with the following: a. The WIOA; b. 20 CFR Part 683; c. State implementing legislation;and d. Requirements of Other Funding Sources 6. Indirect Costs Administrative Costs and Indirect Cost Rates(IDCR)are classified as Indirect Costs by the Parties. The IDCR and Administrative Cost Cap are distinct Indirect Costs.The County of Orange reserves the right to cap the Administrative Costs at 10%.The Subrecipient's IDCR for the year 2024 is 15.92%. Once the Subrecipient reaches the 10%Total Indirect Contract Maximum Administrative Cost Cap, Subrecipient cannot claim reimbursement any administrative cost exceeding the Administrative Cost Cap of 10%of the total contract amount or expenditures,whichever is less. 7. Dissolution of Entity Subrecipient shall notify County immediately of any intention to discontinue its existence or bring an action for dissolution. 8. Performance Standards Subrecipient shall comply with and adhere to the performance accountability standards and general program requirements described in Sections 116 (Performance Accountability System)and 194 (General Program Requirements)of WIOA and applicable regulations contained in the "Performance Standards" Attachment of this Contract. Should the Performance Requirements defined in the Contract between the State of California and the County of Orange be changed, County shall have the right to unilaterally modify this Contract to meet such requirements. County of Orange MA-012-25010267 Page 28 of 54 OC Community Resources Regional Workforce Consulting Services