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Alameda CTC Agreement No.A15-0028 <br /> detailed in Exhibit A subject to change based on changes in annual population. <br /> 2. RECIPIENT shall use such funds for planning,construction and maintenance of bicycle and <br /> pedestrian projects and programs,with focus on high-priority projects described in RECIPIENT's Bicycle and <br /> Pedestrian Master Plans. <br /> 3. Bicycle and Pedestrian Paths and Safety funds are subject to the requirements for"Measure <br /> B Bicycle and Pedestrian Pass-through Funds"as detailed in the ALAMEDA CTC Bicycle and Pedestrian <br /> Safety Program Implementation Guidelines,and said guidelines are hereby incorporated into this <br /> AGREEMENT by reference. <br /> ARTICLE II: PAYMENTS AND EXPENDITURES <br /> A. ALAMEDA CTC's DUTIES AND OBLIGATIONS <br /> 1. Within five working days of actual receipt of the monthly Measure BB sales tax revenues <br /> from the BOE,ALAMEDA CTC shall remit to the RECIPIENT its designated amount of DLD funds <br /> disbursed on a monthly basis by a set formula for distribution. <br /> 2. ALAMEDA CTC shall annually update the Measure BB sales tax revenue projections and the <br /> resulting funds allocation formulas to reflect the most current population using the California Department of <br /> Finance's annual population estimates (Report E-1 published in May)and maintained road mileage from the <br /> Department of Transportation as it is made available.ALAMEDA CTC shall use the updated Measure BB <br /> program allocation formulas in the allocations beginning July 1 of each new fiscal year,which is from July 1 <br /> to June 30 in the State of California.ALAMEDA CTC shall provide an annual projection of Measure BB <br /> DLD estimated to be distributed to each RECIPIENT for each investment category RECIPIENT is eligible to <br /> receive before the beginning of each new fiscal year. <br /> 3. ALAMEDA CTC shall report monthly the amount of Measure BB revenues distributed to <br /> RECIPIENT by each investment category for the fiscal year and for the total program to date. <br /> 4. ALAMEDA CTC shall provide for an independent annual audit of its financial statements <br /> including revenues and expenditures and also the calculation of the allocation formula for distributing <br /> Measure BB DLD funds to various recipients and render an annual report to the ALAMEDA CTC <br /> Commission within 180 days following the close of the fiscal year.ALAMEDA CTC shall render an annual <br /> report on Measure BB funds to the Citizens Watchdog Committee (Independent Watchdog Committee) as <br /> soon thereafter as practical. <br /> 5. ALAMEDA CTC shall provide timely notice to RECIPIENT prior to conducting an audit of <br /> any expenditure made by RECIPIENT to determine whether such expenditures are in compliance with this <br /> AGREEMENT and the 2014 TEP. <br /> B. RECIPIENT'S DUTIES AND OBLIGATIONS <br /> 1. RECIPIENT shall expend all Measure BB funds distributed to the RECIPIENT in compliance <br /> 4 of 10 <br />