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The City may, in its discretion, amend this Agreement to conform with federal, state or <br /> local governmental guidelines, policies and available funding amounts, or for other <br /> reasons. If such amendments result in a change in the funding, the scope of services, or <br /> schedule of, the activities to be undertaken as part of this Agreement, such modifications <br /> will be incorporated only by written amendment signed by both the City and the <br /> Subrecipient. <br /> H. Suspension or Termination <br /> Either party may terminate this contract at any time by giving written notice to the other <br /> party of such termination and specifying the effective date thereof at least 30 days before <br /> the effective date of such termination. Partial termination of the Scope of Service in <br /> paragraph 1.A above may only be undertaken with the prior approval of grantee. In the <br /> event of any termination for convenience, all finished or unfinished documents, data, <br /> studies, surveys, maps, models, photographs, reports or other materials prepared by the <br /> Subrecipient under this Agreement shall, at the option of the City, become the property of <br /> the City, and the Subrecipient shall be entitled to receive just and equitable compensation <br /> for any satisfactory work completed on such documents or materials prior to the <br /> termination. <br /> The City may also suspend or terminate this Agreement, in whole or in part, if the <br /> Subrecipient materially fails to comply with any term of this Agreement, or with any of <br /> the rules, regulations, or provisions referred herein; and the City may declare the <br /> Subrecipient ineligible for any further participation in City contracts, in addition to other <br /> remedies provided by law. In the event there is probable cause to believe the <br /> Subrecipient is in noncompliance with any applicable rules or regulations, the City may <br /> withhold future payment of said contract funds until such time as the Subrecipient is <br /> found to be in compliance by the City, or is otherwise adjudicated to be in compliance. <br /> VIII. ADMINISTRATIVE REQUIREMENTS <br /> Uniform administrative requirements. The agreement shall require the subrecipient to <br /> comply with applicable uniform administrative requirements, as described in §570.503. <br /> A. Financial Management <br /> 1. Accounting Standards <br /> The Subrecipient agrees to comply with Subpart C.21, Standards for financial <br /> management systems, of OMB Circular A-110 and agrees to adhere to the <br /> accounting principles and procedures required therein, utilize adequate internal <br /> controls, and maintain necessary source documentation for all costs incurred. <br /> 2. Cost Principles <br /> The Subrecipient shall administer its program in conformance with OMB <br /> Circulars A-122, "Cost Principles for Nonprofit Organizations," or A-21 "Cost <br /> Principles for Educational Institutions,: as applicable; {and if the Subrecipient is a <br /> Subrecipient Agreement (Rev. 916/11) Page 6 of 19 <br />