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3. Pavment 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 budget as long <br /> as they were incurred after the Notice to Proceed was issued, and within the fiscal year as noted <br /> above. Payments will be made for eligible expenses actually incurred by the Subrecipient, and not <br /> to exceed actual cash requirements. In addition, the City reserves the right to liquidate funds <br /> available under this contract for costs incuned by the City on behalf of the Subrecipient. <br /> 4. Pro ress 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. <br /> D. Procurement <br /> 1. Compliance � <br /> The Subrecipient shall comply with current City policies concerning the purchase I <br /> of equipment and shall maintain inventory records of all non-expendable personal property as I <br /> defined by such policy as may be procured with funds provided herein. As long as the <br /> Subrecipient continues to use the equipment for the clientele originally intended and in the manner <br /> originally intended, and as long as the Subrecipient continues to exist, the equipment shall be <br /> retained by the 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 revert back to the <br /> City. <br /> 2. OMB Standards <br /> The Subrecipient shall procure materials in accordance with the requirements of <br /> Attachment O of OMB Circular A-110, Procurement Standards, and shall subsequently follow <br /> Attachment N, Property Management Standards, 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 /> 4. Relocation. Acquisition and Displacement <br /> The Subrecipient agrees to comply with 24 CFR 570.606 relating to the <br /> acquisition and disposition of all real property utilizing grant funds, and to the displacement of <br /> persons, businesses, non-profit organizations and farms occurring as a direct result of any <br /> acquisition of real property utilizing grant funds. The Subrecipient agrees to comply with <br />