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2. <br />B. Subrecipient Responsibilities <br />The Subrecipient will complete in a satisfactory and proper manner as determined by the Local <br />Governmentthe attached tasks (Attachment A) to accomplish the objectives of the Project. The <br />Subrecipient will periodically meet with the Local Government to review the status of these tasks. <br />TIME OF PERFORMANCE <br />The effective date of this Agreement will be July I ,2023, and complete execution of this agreement <br />will be June 30, 2024. <br />BUDGET <br />The Local Government will pass through to the Subrecipient no more than $77,500.00 in CDBG <br />052-Other public Services nrnOs for eligible incurred costs and expenses for the Project according <br />to the following budget per the Washington State Department of Commerce Contract Number 22- <br />62210-008 Amendment A Change (# months) 12. <br />6. Amendment Changes <br />J <br />Tlm* Hxtenslsn <br />Cxrrent lnd DCIte <br />6/30/?ff23 <br />, chanse {* rrtonths} <br />1? <br />Revised tnd Date <br />613S/2034 <br />Budget Code <br />? 1A * Generol S.dministration <br />0$Z * Oth*r Fublic Services <br />Tot*ls <br />eurrent Budget <br />$3,5ss <br />$79,S0* <br />$gg,ilcil <br />Change {+l-} <br />$3,5n0 <br />$7?,silil <br />$81$il* <br />Revised Budget <br />$7,Sof] <br />$1$?,oo$ <br />$'l$4,00{) <br />The Indirect Cost Rate used, is an allocation system not to exceed 10%. <br />The Local Govemment may require a more detailed budget breakdown, and the Subrecipient will <br />provide such supplementary budget information in a timely fashion in the form and content <br />prescribed by the Local Government. Any amendments to this Agreement's Budget must first be <br />ietermined by the Local Government as consistent with its CDBG contract with COMMERCE and <br />then approved in writing by the Local Govemment and the Subrecipient. <br />Indirect Cost Rate if the Subrecipient chooses to charge Indirect under this grant, the Subrecipient <br />shall provide their indirect cost iate that has been negotiated between their entity and the Federal <br />Government. lf no such rate exists, a de minimis indirect cost rate of 10% of modified total direct <br />costs (MTDC) will be used. <br />Agreement 2023 -2024 CDBG- SR <br />Page 2 of 13