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PART B: PROGRAM FUNDING <br /> <br />Section 2: Grant Amount <br /> <br /> (a) The Agency has approved a Program Grant to Cabarrus County Department <br />of Aging in the principal amount of Thirty thousand Dollars ($30,000). In no event shall <br />expenditures under this Agreement exceed this Program Grant. <br /> <br />Section 3: Disbursement of Funding <br /> <br /> The Recipient will receive Program funds in accordance with the Guidelines, <br />section 3.2 Disbursements. <br /> <br />Section 4: Deposit of Funds <br /> <br /> (a) Any money advanced to the Recipient must be deposited, tracked and <br />documented in accordance with the Guidelines, sections 3.4 Recipient Accounts and 3.5 <br />Program Income. <br /> <br /> (b) The Agency reserves the right to require that all deposits made in eligible <br />accounts will be subject to withdrawal by the Recipient and will also be subject to <br />withdrawal by the Agency. If the Agency chooses to exercise this option, an agreement <br />for custodial accounts will be provided by the Agency to implement the requirement and <br />will be executed.prior to the_initial_disbursement. <br /> <br /> (c) Checks will be delivered to the addresses provided in section 21 of <br /> <br />this Agreement. <br /> <br />F:~R WATEhqOPD\URP~URP97~FUN DING.AGE <br /> <br />Page 3 of 7 <br /> <br /> <br />