Laserfiche WebLink
X. EXPENDITURE OF FUNDS AND ALLOCATION OF FUNDING AMONG <br />BUDGET ITEMS <br />No increase in the total amount of this grant will be valid unless set forth in a <br />written amendment to this agreement. The grantee shall expend funds consistent <br />with the approved project budget. Expenditure on items contained in the approved <br />project budget, other than overhead and indirect costs, may vary by as much as ten <br />percent without prior approval by the Executive Officer, provided that the grantee <br />first submits a revised budget to the Authority and requests disbursement based on <br />the revised budget. Any deviation greater than ten percent, and any deviation that <br />shifts funds from approved budget items into an overhead or indirect costs category, <br />must be identified in a revised budget approved in advance and in writing by the <br />Executive Officer. The Authority may withhold payment for items that exceed the <br />amount allocated in the project budget by more than ten percent and which have not <br />received the approval required above. Any increase in the funding for any <br />particular budget item shall mean a decrease in the funding for one or more other <br />budget items unless there is a written amendment to this agreement. <br /> <br />XI. PROJECT COMPLETION <br />The grantee shall complete the project by the completion date provided in section <br />“IV. TERM OF AGREEMENT.” Upon completion of the project, the grantee shall <br />supply the Authority with evidence of completion by submitting the following by <br />the final Request for Disbursement date set forth in section “IV. TERM OF <br />AGREEMENT”: <br /> <br />1. The plan and any other work products specified in the work program for the <br />project, each in a format or formats (for example, paper, digital, photographic) <br />approved by the Executive Officer. <br /> <br />2. A fully executed final “Request for Disbursement.” A “final Request for <br />Disbursement” means a Request for Disbursement that includes the withheld <br />amounts and all remaining amounts for which grantee is entitled to seek <br />payment, if any, pursuant to this agreement. <br /> <br />3. The Lessons Learned Report. <br /> <br />The Authority shall determine whether the grantee has satisfactorily completed the <br />project. If so, the Authority shall issue to the grantee a letter of acceptance of the <br />project. The project shall be deemed complete as of the date of the letter. <br /> <br /> <br />29