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Alameda CTC Agreement No.A15-0028 <br /> 2. Non-Substitution of Funds <br /> RECIPIENT shall use Measure BB funds,pursuant to Public Utilities Code Section 180000 <br /> et seq.,to supplement and not replace existing property taxes used for transportation purposes. <br /> 3. Fund Exchange <br /> Any fund exchanges made using Measure BB must be made for transportation purposes. <br /> ALAMEDA CTC will consider exchange proposals on a case-by-case basis. <br /> 4. Staff Cost Limitations <br /> Direct costs associated with the delivery of programs and projects associated with Measure <br /> BB programs,including direct staff costs and consultant costs,are eligible uses of Measure BB funds. <br /> ALAMEDA CTC does not allow indirect costs,unless the RECIPIENT submits an independently <br /> audited/approved Indirect Cost Allocation Plan. <br /> ARTICLE IV:REPORTING REQUIREMENTS <br /> RECIPIENT shall comply with each of the reporting requirements set forth below. If RECIPIENT fails <br /> to comply with one or more of these requirements,ALAMEDA CTC may withhold payment of further <br /> Measure BB funds to RECIPIENT until full compliance is achieved. <br /> A. RECIPIENT shall submit to ALAMEDA CTC,on an annual basis and at the RECIPIENT's <br /> expense,an independently audited Measure BB financial statements and a compliance opinion of the funds <br /> received and used,including plans and reports of expenditures.RECIPIENT shall complete,certify,and <br /> provide the annual audited financial statements and compliance opinion to ALAMEDA CTC within 180 days <br /> following the close of each fiscal year. <br /> B. RECIPIENT shall,by December 31 of each year,submit to ALAMEDA CTC,at the <br /> RECIPIENT's expense,a compliance report on programs and projects on which RECIPIENT expended <br /> Measure BB funds. In such report,RECIPIENT shall state how the funds were used and the benefits derived <br /> from the funded programs and projects,and establish fund reserves and amounts remaining in reserves and <br /> anticipated program and project expenditures. If RECIPIENT's expenditures in a fiscal year are less than the <br /> amount received during such year,RECIPIENT shall explain why revenues exceeded expenditures and <br /> RECIPIENT's provide an implementation plan for the unexpended fund balances. <br /> C. To be eligible for receipt of Local Streets and Roads funds,RECIPIENT shall provide <br /> ALAMEDA CTC with the certified number of maintained road miles within RECIPIENT's jurisdiction,which <br /> shall be consistent with the miles reported to state and federal agencies. RECIPIENT shall provide ALAMEDA <br /> CTC with the annual certified number of maintained road miles each fiscal year even if the number of miles <br /> for the fiscal year did not change.Road miles reported through the Department of Transportation shall be <br /> used in the updated Measure BB sales tax revenue allocation formula for distributing Measure BB funds and <br /> the new mileage shall be reflected in the distributions that start on July 1 of each new fiscal year. <br /> D. RECIPIENT shall install or mount signage, such as those identified on the ALAMEDA CTC <br /> 7 of 10 <br />