HomeMy WebLinkAboutExhibit CEXHIBIT C — COMPENSATION AND BUDGET SUMMARY
TECHNICAL ASSISTANCE TO MICRO-ENTERPIRSES
A. The CITY shall pay the SUBRECIPIENT, as maximum compensation for the services
required pursuant to this Agreement the sum of $200,000 .
B. SUBRECIPIENT'S Itemized Budget, Cost Allocation, Budget Narrative, Staff Salaries
Schedule are attached hereto and made part of this contract.
C. During the term hereof and for a period of four (4) years following the date of the last
payment made hereunder, the CITY shall have the right to review and audit the time
records and related records of the SUBRECIPIENT pertaining to any payments by the
CITY.
D. All payments shall be reimbursement for expenditures incurred only during the term of
this Agreement, an in compliance with the previously approved program line -item
Itemized budget. Each written request for payment/reimbursement shall contain a
statement declaring and affirming that all expenditures were made in accordance with the
approved budget. All documentation in support of each request shall be subject to
approval by the CITY. At the time the request is made all invoices are required to be
paid by the SUBRECIPIENT prior to the submission. All reimbursements must be in
line -item form and in accord with this Agreement. All expenditures must be verified by
the original invoice with a copy of a check or other form of payment which was used to
pay that specific invoice. Within 60 days of submitting each reimbursement request,
copies of the cancelled checks or other form of payment evidencing the payments by the
SUBRECIPIENT for which reimbursement was requested shall be submitted. In the
event that an invoice is paid by various funding sources, a copy of the invoice may be
submitted but must indicate the exact amount paid by various funding sources equaling
the total of the invoice. No miscellaneous categories shall be accepted as a line -item
budget.
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.
Nam,
Executive Director /-
,dg'
Date
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