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Exhibit B - 6 <br />1. Program Income: The Subrecipient shall report quarterly all program income as defined at <br />24 CFR 570.500(a) generated by activities carried out with CDBG funds made available under <br />this Agreement. The use of program income by the Subrecipient shall comply with the <br />requirements set forth at 24 CFR 570.504. By way of further limitations, the Subrecipient <br />may use such income during the contract period for activities permitted under this <br />Agreement and shall reduce requests for additional funds by the amount of any such <br />program income balances on hand. All unused program income shall be returned to the City <br />at the end of the contract period. Any interest earned on cash advances from the U.S. <br />Treasury is not program income and shall be remitted promptly to the City. <br /> <br />2. Indirect Costs: If indirect costs are charged, such costs should be allocated in appropriate <br />methods as determined by the City. Such appropriate methods will either default to the <br />Modified Total Direct Cost (MTDC) Cost Allocation method as described under 2 CFR 200 and <br />utilize the de minimis threshold as determined under 2 CFR 200; or, the subrecipient will <br />submit a Negotiated Indirect Cost Rate Allocation (NICRA) as adopted by another federal <br />entity and submit such documentation to the City for submittal against the grant award. <br /> <br />3. Payment Procedures and Timing: The City will pay to the Subrecipient funds available under <br />this Agreement based upon information submitted by the Subrecipient and consistent with <br />any approved budget and City policy concerning payments. With the exception of certain <br />advances, payments will be made for eligible expenses actually incurred by the Subrecipient, <br />and not to exceed actual cash requirements. Payments will be adjusted by the City in <br />accordance with advance fund and program income balances available in Subrecipient <br />accounts. The Subrecipient agrees to submit payment request at least quarterly. In addition, <br />the City reserves the right to liquidate funds available under this Agreement for costs <br />incurred by the City on behalf of the Subrecipient. <br /> <br />D. Procurement <br /> <br />1. Compliance: The Subrecipient shall comply with current City policy concerning the purchase <br />of equipment and shall maintain inventory records of all non-expendable personal property <br />as defined by such policy as may be procured with funds provided herein. All Project assets <br />(unexpended program income, property, equipment, etc.) shall revert to the City upon <br />termination of this Agreement. <br /> <br />2. OMB Standards: Unless specified otherwise within this agreement, the Subrecipient shall <br />procure all materials, property, or services in accordance with the requirements of <br />2 CFR 200 Uniform Administrative Requirements. <br /> <br />3. Travel: The Subrecipient shall obtain written approval from the City for any travel outside <br />the Seattle/Everett area with funds provided under this Agreement. <br /> <br />4. Build America, Buy America (BABA): The Subrecipient must comply with the requirements of <br />the Build America, Buy America (BABA) Act, 41 USC 8301 note, and all applicable rules and <br />notices, as may be amended, if applicable to the Subrecipient’s infrastructure project.