R99-214 AUTHORIZING THE FILING AND EXECUTION OF AMENDMENT NO. 1

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further certifies that it has not been barred from contracting with a unit of the State or local government as a result of a violation of Section 33E-3 or 33E-4 of the Illinois Criminal Code. ITEM 11 -ACCOUNTING RECORDS A. Project Accounts -The Grantee shall establish and maintain, as a separate set of accounts or as an integral part of its current accounting scheme, accounts for the Project in conformity with requirements established by the Government. B. Funds Received or Made Available for the Project - Grantee shall appropriately record in the Project Account, and deposit in a federally insured bank or trust company, all Grant payments received by it from the Department pursuant to this Agreement and all other funds provided for, accruing to, or otherwise received on account of the Project, which Department payments and other funds are herein collectively refeRed to as "Project Funds." The Grantee shall require the depositories of Project Funds to secure continuously and fully all Project Funds in excess of the amounts insured under federal plans, or under state plans which have been approved for the deposit of the Project Funds by the Department, by the deposit or setting aside of collateral of the types and in the manner as described by state law for the security of public funds or as approved by FTA. The Grantee agrees to report to the Department quarterly by the fifteenth day of the month following the reported quarter and at such other times as the Department may prescribe in writing, the amounts recorded, as required above, in the Project.Account. All Project Funds held by the Grantee over one (1) month shall draw interest and the amount of such interest earned shall be reported to the Department in the quarterly Project Account report. Such interest shall be applied to the Net Project Cost as directed by the Department. C. Eligble Costs - Expenditures made by the Grantee shall be reimbursable as eligible costs to the extent they meet all of the requirements set forth below. They must: (1) be made in conformance with the Grantee's final approved application and the Approved Project Budget and all other provisions of this Agreement; (2) be necessary in order to accomplish the Project; (3) be reasonable in amount for the goods or services purchased; (4) be actual net costs to the Grantee (i.e., the price paid minus any refunds, rebates, or other items of value received by the Grantee that have the effect of reducing the cost actually incurred); (5)• be incurred (and be for work performed) after the date of this Agreement, unless specific authorization from the Department to the contrary is received; (6) be in conformance with the standards for allowability of costs established by the Department; (7) be satisfactorily documented; State/Federal Capital Grant page 13