AG 2003 09 15 - Laserfiche WebLink

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Requests for funds shall be made on a reknbursement basis. Checks will be distributed by mail on Fridays. Requests for checks must be received by 5:00 PM the preceding Friday in order to be processed for the next check run. Payments under this Agreement are limited to those HOME funds specified in the Project Budget but, in no event will the total compensation and reimbursement, if any, to be paid hereunder exceed the maximum sum of the agency's total allocation. rlYne Agency may use HOME program funds to pay for reasonable project operating expenses and necessary costs, such as salaries, wages, benefits, employee education, tra'm/ng and travel, rent and utilities, communication costs, taxes and insurance, equipment, materials and supplies The Agency shall certify that the match requirement of 24 CFR 92.218-222, when applicable, will be adhered to, and that non-federal funds in the sum of not less than twenty-five percent of project costs shall be expended. The Agency shall expend non-federal funds as matching contributions in an amount not less than twenty-five percent (25%) of the total HOME funds requested for each eligible dwelling unit. Certification of match expenditures will be provided on a dwelling unit-by-dwelling unit basis. This procedure will be followed until the total amount of match funds has been met. BUDGET CHANGES AND INELIGIBLE EXPENSES: Except for changes made in accordance with subsection (2) below, any and ail alterations in the approved use of budgeted funds shall be subject to prior review by the City. Funds may be shifted between line items of the Project without prior approval of the City only to the extent that such action does not exceed ten percent (10%) of the line item total fi-om which the funds are being removed or to which the funds are being added.