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4 . <br /> and make disbursements of Project funds only as authorized in <br /> the latest Approved Project Budget. The Approved Project <br /> _ Budget may be revised to the extent permitted by and in <br /> conformance with applicable Government requirements. <br /> - Section 105. Accounting Records. <br /> a. Project Accounts. The Recipient agrees to establish and <br /> maintain for the Project either a separate set of accounts or <br /> accounts within the framework of an established accounting <br /> system, in a manner consistent with 49 C.F.R. � 18.20, or ON� <br /> Circular A-110, as amended, whichever is applicable. <br /> b. Funds Received or Made Available for the Project. <br /> Consistent with the provisions of 49 C.F.R. § 18 .21, or <br /> ON� Circular A-110, as amended, whichever is applicable, the <br /> Recipient agrees to record in the Project Account, and <br /> deposit in a financial institution all Project payments <br /> received by it from the Government pursuant to this Agreement � <br /> and all other funds provided for, accruing to, or otherwise <br /> received on account of the Project (Project Funds) . The <br /> Recipient is encouraged to use financial institutions owned <br /> at least 50 percent by minority group members. <br /> c. Documentation of Project Costs and Program Income. All <br /> costs charged to the Project, including any approved services <br /> contributed by the Recipient or others, shall be supported by <br /> properly executed payrolls, time records, invoices, <br /> contracts, or vouchers describing in detail the nature and <br /> propriety of the charges. The Recipient also agrees to <br /> maintain accurate records of all Program Income derived from <br /> Project implementation; this requirement, however, does not <br /> apply to income of the Recipient that is determined by the <br /> Government to be private. <br /> d. Checks Orders and Vouchers. The Recipient agrees to <br /> refrain from drawing checks or orders for goods or services <br /> to be charged against the Project Account until it has on <br /> file in its office a properly signed voucher describing in <br /> proper detail the purpose of the expenditure. The Recipient <br /> agrees that all checks, payrolls, invoices, contracts, <br /> vouchers, orders, or other accounting documents pertaining in <br /> whole or in part to the Project shall be clearly identified, <br /> readily accessible, and, to the extent feasible, kept <br /> separate from documents not pertaining to the Project. <br /> Section 106. Record Retention. <br /> a. Submission of Proceedings Contracts and Other pocuments . <br /> During the course of the Project and for three years <br /> Page 7 <br />