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compliance with HUD regulations, compliance methods shall be approved by the CITY's <br /> Neighborhood Services Manager. <br /> 4. Indirect Cost Records:A record shall be kept of all indirect costs, per HUD requirements. <br /> Indirect costs are costs incurred for a common or joint purpose benefitting more than <br /> one cost objective and are not readily assignable to the cost objectives specifically <br /> benefitted, without effort disproportionate to the results achieved. However, SUB- <br /> RECIPIENT acknowledges that indirect costs shall not be covered by funds provided by <br /> the CITY. <br /> XII. REPORTING REQUIREMENTS:The SUB-RECIPIENT agrees to provide the CITY's Neighborhood <br /> Services Division with regular reports described below per the schedule in Appendix B, and <br /> any other reports which may be required by the CITY's CDBG-CV Program for compliance <br /> under this Agreement. This includes reporting on performance measures, as outlined in <br /> §200.301 of the Omni Circular Such performance measures shall be decided upon by the SUB- <br /> RECIPIENT and the City's Neighborhood Services Manager, based on the requirements <br /> outlined by HUD for the category of eligible activities that the SUB-RECIPIENT's program <br /> engages in. These categories have been described within HUD's "Community Development <br /> Block Grant Program: Guide to National Objectives' & Eligible Activities for Entitlement <br /> Communities," and the Guide shall be incorporated hereto by reference and will be provided <br /> to SUBRECIPIENT. <br /> SUB-RECIPIENT shall use OMB-approved information collection standards, when providing <br /> financial and performance information.The SUB-RECIPIENT shall provide financial data and <br /> its relation to performance accomplishments, of the Federal awards. <br /> SUB-RECIPIENT agrees to provide the CITY with documents pertaining to: (1) procedures; (2) <br /> copies of all contracts and subcontracts for work financed in whole or in part with assistance <br /> provided under this Agreement;and (3) (if applicable) regularly updated schedule of program <br /> activities. <br /> • REPORTING: Reports shall be submitted to staff via the Neighborhood Services <br /> Division by the SUB-RECIPIENT throughout the term of the Program.See Appendix <br /> B for report due dates. All reports and required attachments may be viewed by <br /> members of the Neighborhood Services Division. <br /> 1. The CITY reserves the right to withhold any of the SUB-RECIPIENT's <br /> scheduled payments until such time as the CITY receives the SUB- <br /> RECIPIENT's financial progress and performance reports. <br /> 2. Improperly prepared reports will not be accepted. Subsequent Grant <br /> payments may be held pending accurate information together with any <br /> required source documentation. Upon receipt of improperly prepared or <br /> erroneous reports, field audit procedures may be initiated to evaluate the <br /> financial management, control and record keeping procedures utilized by <br /> 7 <br />