AG 1998 07 13 - Laserfiche WebLink

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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. The Agency may use HOME program funds to pay for project administration costs, which are the costs charged by another entity for administering the project for the Agency. These project administration costs must be consistent with the requirements of 24 CFR 92.206 (c ). However, in no event will the project administration costs exceed ten percent (10%) of the Agency's total HOME funds. The Agency shall certify that all matching requirements of 24 CFR 92.218-222, as 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 fi~nds 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 UNREIkIBURSABLE EXPENSES: Except for changes made in accordance with subsection (2) below, any and all 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 from which the fimds are being removed or to which the funds are being added A report o f fund shifts not requiringprior approval by the CiO, . shall be reported in writing to the City Community Development and Code Enforcement Administrator within three (3) working days after its effective date. Any costs and expenses not covered by the Project'Budget,