R2020-180 Resolution Authorizing Community Development Block Grant-COVID (CDBG-CV) Small Business Assistance Subrecipient Agreement FY 2020 Community Investment Corporation of Decatur, Inc. (CICD)

Home Browse Search

out of this Grant.) Such equipment records are necessary for HUD recoding requirements. However, SUBRECIPIENT acknowledges that this recording requirement does not indicate that the CITY will pay for equipment.. 3. Supply Records: A record shall be maintained for supplies purchased for the Program. Supplies include all tangible personal property other than equipment. Records for supplies shall be maintained for supplies which are acquired for the Program, for a cost equal or exceeding $200.00. SUBRECIPIENT shall also provide records showing a cost comparison for supplies purchased. Cost comparison records shall be made in compliance with HUD regulations, compliance methods shall be approved by the CITY's Director of Community Development or Neighborhood Services Manager. 4. Indirect Cost Records:A record shall be kept of all indirect costs, per HUD requirements. Indirect costs are costs incurred for a common or joint purpose benefitting more than one cost objective, and are not readily assignable to the cost objectives specifically benefitted, without effort disproportionate to the results achieved. XI. REPORTING REQUIREMENTS: SUBRECIPIENT agrees to provide the CITY's Neighborhood Services Division with regular reports described below per the schedule in Appendix B, and any other reports which may be required by the CITY's CDBG-CV Program for compliance under this Agreement. This includes reporting on performance measures, as outlined in §200.301 of the Omni Circular Such performance measures shall be decided upon by the SUBRECIPIENT and the City's Director of Community Development/Neighborhood Services Manager, based on the requirements outlined by HUD for the category of eligible activities the SUBRECIPIENT program engages in. These categories have been described within HUD's "Community Development Block Grant Program: Guide to National Objectives & Eligible Activities for Entitlement Communities," and the Guide shall be incorporated hereto by reference, and will be provided to SUBRECIPIENT. SUBRECIPIENT shall use OMB-approved information collection standards, when providing financial and performance information. SUBRECIPIENT shall provide financial data, and its relation to performance accomplishments, of the Federal awards. SUBRECIPIENT agrees to provide the CITY with documents pertaining to: (1) procedures; (2) copies of all contracts and subcontracts for work financed in whole or in part with assistance provided under this Agreement; and (3) (if applicable) regularly updated schedule of program activities. REPORTING: Reports shall be submitted to staff via the Neighborhood Services Division by the SUBRECIPIENT throughout the term of the Program. See Appendix B for report due dates. All reports and required attachments may be viewed by members of the Neighborhood Services Division. 7