Laserfiche WebLink
3. Payment Procedures <br /> The City will pay to the Subrecipient funds available under this contract based <br /> upon information submitted by the Subrecipient and consistent with any approved <br /> budget as long as they were incurred after the Notice to proceed was issued, and <br /> within the year as noted above. Payments will be made for eligible expenses <br /> actually incurred by the Subrecipient, and not to exceed actual cash requirements. <br /> The only exception is for pre-award costs approved at the time of the contract. In <br /> addition, the City reserves the right to liquidate funds available under this contract <br /> for costs incurred by the City on behalf of the Subrecipient. <br /> 4. Pro reg ss Reports <br /> The Subrecipient shall submit regular progress reports to the City in the form and <br /> content as provided by the City on a monthly basis by the l Oth of the month. The <br /> City retains the right to delay or with hold disbursements of payments after duly <br /> notifying the subrecipient in the event that progress reports are not received as <br /> scheduled. <br /> D. Procurement <br /> 1. Compliance <br /> The Subrecipient shall comply with current City policies concerning the purchase <br /> of equipment and shall maintain inventory records of all nonexpendable personal <br /> property as defined by such policy as may be procured with funds provided <br /> herein. As long as the Subrecipient continues to use the equipment for the <br /> clientele originally intended and in the manner originally intended, and as long as <br /> the Subrecipient continues to exist, the equipment shall be retained by the <br /> Subrecipient. However, in the event of a change in the clientele, use, manner, etc. <br /> of the equipment; and/or if the Subrecipient no longer exists, all equipment will <br /> revert back to the City. <br /> 2. OMB Standards <br /> The Subrecipient shall procure materials in accordance with the requirements of <br /> Subpart C, Procurement Standards, of OMB Circular A-110, and shall <br /> subsequently follow Subpart C, Property Standards, as modified by 24 CFR <br /> 570.502(b)(6), covering utilization and disposal of property. <br /> 3. Travel <br /> The Subrecipient shall obtain written approval from the City for any travel outside <br /> the metropolitan area with funds provided under this contract. <br /> Subrecipient Agreement(Rev. 10/20/10) Page 10 of 19 <br />