R97-07 AUTHORIZING SUBRECIPIENT AGREEMENTS

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. 3. Payment Procedures The City will pay to the Subrecipient funds available under this contract based upon information submitted by the Subrecipient and consistent with any approved budget as long as they were incurred after the Notice to Proceed was issued, and within the fiscal year as noted above. Payments will be made for eligible expenses actually incurred by the Subrecipient, and not to exceed actual cash requirements. In addition, the City reserves the right to liquidate funds available under this contract for costs incurred by the City on behalf of the Subrecipient. 4. Progress Reports The Subrecipient shall submit regular progress reports to the City in the form and content as provided by the City on a monthly basis. D. Procurement 1. Compliance The Subrecipient shall comply with current City policies concerning the purchase of equipment and sha11 maintain inventory records of all non-expendable personal property as defined by such policy as may be procured with funds provided herein. As long as the Subrecipient continues to use the equipment for the clientele originally intended and in the manner originally intended, and as long as the Subrecipient continues to exist, the equipment shall be retained by the Subrecipient. However, in the event of a change in the clientele, use, manner, etc. of the equipment; and/or if the Subrecipient no longer exists, all equipment will revert back to the City. 2. OMB Standards The Subrecipient shall procure materials in accordance with the requirements of Attachment O of OMB Circular A-110, Procurement Standards, and shall subsequently follow Attachment N, Property Management Standards, covering utilization and disposal of property. 3. ravel The Subrecipient shall obtain written approval from the City for any travel outside the metropolitan area with funds provided under this contract.