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4. <br />Any amendments to this Agreement's Budget must hrst be determined by the Local Government as <br />consistent with its CDBG contract with Commerce and then approved in writing by the Local <br />Government and the Subrecipient. <br />PAYMENT <br />The Local Government will reimburse the Subrecipient in accordance with the payment procedures <br />outlined in the CDBG Management Handbook, Financial Management Section for all allowable <br />expenses agreed upon by the parties to complete the Scope of Service. <br />Reimbursement under this agreement will be based on billings, supported by detail invoices and <br />other appropriate detailed documentation of costs actually incurred. It is expressly understood that <br />claims for reimbursement will not be submitted in excess of actual, immediate cash requirements <br />necessary to carry out the purposes of the agreement. Funds available under this Agreement will be <br />utilized to supplement rather than supplant funds otherwise available. <br />It is understood that this agreement is funded in whole or in part with CDBG funds through the <br />Washington State CDBG Program as administered by COMMERCE, and is subject to those <br />regulations and restrictions normally associated with federally-funded programs and any other <br />requirements that the state may prescribe. <br />5. PERFORMANCEMONITORING <br />The Local Govemment will monitor the performance of the Subrecipient by tracking project <br />progress, reviewing payment requests for applicable costs, managing the timely pass-through of <br />CDBG funds, overseeing compliance with CDBG requirements, and ensuring recordkeeping and <br />audit requirements are met. Substandard performance as determined by the Local Government will <br />constitute noncompliance with this Agreement. <br />If action to correct such substandard performance is not taken by the Subrecipient within a <br />reasonable period of time after being notified by the Local Govemment, contract suspension or <br />termination procedures will be initiated. <br />SPECIAL CONDITIONS <br />There are no special conditions <br />ACKNOWLEDGEMENT OF FEDERAL FUNDS <br />Federal Award Date: August8,2023 <br />Federal Award Identification Number (FAIN) : B -23 -DC-5 3 -000 i <br />Total amount of the federal award: $12,834,399 <br />Awarding official: Carma Reed, HUD CPD Acting Director <br />Research & Development (R&D): Award will not be used for R&D <br />The Grantee agrees that any publications (written, visual, or sound) but excluding press releases, <br />newsletters, and issue analyses, issued by the Grantee describing programs or projects funded in <br />whole or in part with federal funds under this Contract, shall contain the following statements: <br />Agreement 2024-2027 CDBG GP Microentetprise Accelerator Subrecipient <br />Page 3 of 13 <br />6 <br />7