Res-2021-094 - Laserfiche WebLink

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5 ATTACHMENT 18.C (3) lndirect Cost Rate: LO%de minimis rate irect Cost Rate if the Subreci pient chooses to charge lndirect under this grant, the Subrecipient shall provide their indirect cost rate that has been negotiated between their entity and the Federal Government. lf no such rate exists, a de minimis indirect cost rate of LO% of Modified Total Direct Costs (MTDC)will be used. "Modified Total Dl " shall mean alldirect salariesand wages, applicablefringe benefits, materials and supplies, services, travel, and up to the first 525,000 of each subaward (regardless of the period of performance of the subawards under the award). MTDC excludes equipment, capital expenditures, and rental costs. Any amendments to this Agreement's Budget must first be determined by the Local Government as consistent with its CDBG contract with Commerce.and then approved in writing by the Local Government and the Subrecipient. PAYMENT The Local Government shall reimburse the Subrecipient in accordance with the payment procedures outlined in the CDBG Management Handbook, Financial Management Section for all allowable expenses agreed upon by the parties to complete the Scope of Service as approved in the Exhibit B. Reimbursement under this Agreement will be based on billings, supported by appropriate detail documentation of costs actually incurred. lt is expressly understood that claims for reimbursement will not be submitted in excess of actual, immediate cash requirements necessary to carry out the purposes of the agreement. Funds available under this Agreement will be utilized to supplement rather than supplant funds otherwise available. It is understood that this Agreement is funded in whole or in part with CDBG funds through the Washington State CDBG Program as administered by Commerce and is subject to those regulations and restrictions normally associated with federally-funded programs and any other requirements that the State may prescribe. The final request for reimbursement shall be January L5,2023. PERFORMANCE MON ITORI NG The Local Government will monitor the performance of the Subrecipient by tracking project progress, reviewing payment requests for applicable costs, managing the timely pass-through of CDBG funds, overseeing compliance with CDBG requirements, and ensuring recordkeeping and audit requirements are met. Substandard performance as determined by the Local Government will constitute noncompliance with this Agreement. lf action to correct such substandard performance is not taken by the Subrecipient within a reasonable period of time after being notified bythe Local Government, contract suspension or termination procedures will be initiated. Revised 112512021 6. Contract Page 004 Page 3 of 14 Doc I D: 7af68 1 bb0ca6 537 03df7 4te4909e206e42 be 1 2f0