HomeMy WebLinkAboutExhibit 5EXHIBIT C — COMPENSATION AND BUDGET SUMMARY
A. The CITY shall pay the SUBRECIPIENT, as maximum compensation for the
services required pursuant to this Agreement, the sum of S50,000.
B. The CITY will compensate the Agency on an actual cost reimbursement basis for
the operation of the emergency shelter program.
C. Reimbursable expenses are those expenses which have been budgeted, and are
reasonable and necessary in the operation of the emergency shelter program. They
may include (but are not limited to) the following:
• Maintenance
• Operations
• Rent
• Repairs
• Security
• Fuel
• Equipment
• Insurance
• Utilities
• Food
• Furnishings
• Salaries
The SUBRECIPIENT also understands that not more than 10 percent of the grant
amount may be used for costs of staff (excluding maintenance and security salary
costs). •
D. During the term hereof and for a period of three (3) years following the date of the
last payment made hereunder, the CITY shall have the right to review and audit
the tune records and related records of the SUBRECIPIENT pertaining to any
payments by the CITY.
E. Requests for payment should be made at least on a monthly basis in a form
provided by the Department. Reimbursement requests should be submitted to the
CITY within thirty (30) calendar days after the indebtedness has been incurred in
a form provided by the Department.
F. The SUBRECIPIENT must submit the final request for payment to the CITY
within 30 calendar days following the expiration date or termination date of this
Agreement in a form provided by the Department. If the SUBRECIPIENT fails
to comply with this requirement, the SUBRECIPIENT shall forfeit all rights to
payment and the CITY shall not honor any request submitted thereafter.
G. Any payment due under this Agreement may be withheld pending the receipt and
approval by the CITY of all reports due- from the SUBRECIPIENT as a part -of
this Agreement and any modifications thereto.
Name:
President
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Date