Snohomish County Human Services Department 12/10/2018

Agency account"). The Agency shall record and maintain cumulative records of the original source (the HOME project) of each deposit to the Agency account, and the HOME project receiving each disbursement from the Agency account. Any balance on hand in the Agency account must be disbursed for eligible costs under any HOME project of the Agency before the Agency may withdraw HOME funds from the County for this or any other HOME project. When this operation results in an unintended transfer of funding resources from one program or project to another, the Agency may request the County to execute compensating, offsetting amendments to the respective HOME award amounts, if the respective HOME agreements have not been terminated or closed. If the respective HOME agreements have been terminated or closed, the Agency may remit Program Income to the County and request that the County execute a corresponding new award. 3. The Agency shall submit the HOME Monthly Program Income Report, in the form of Exhibit H of program income receipts to and disbursements from the Contractor account. The Agency shall also maintain records sufficient to allow it to estimate, as accurately as is feasible, the total amount of HOME Program Income that will be received from all of the Agency's HOME-assisted activities during the next ensuing July 1 to June 30 twelve-month period, and shall report that estimated amount to the County by February 1 of current July 1 to June 30 twelve-month period. 4. Upon termination or expiration of this Agreement, as provided in Section I- F of Exhibit A hereof or the Basic Terms and Conditions Agreement, the Agency shall remit to the County the balance of Program Income on hand, and assign and convey to the County title to all Program Income receivables. Thereafter the Agency shall remit to the County any Program Income amounts received for so long as the County continues to be a Participating Jurisdiction (as defined at 24 CFR Part 92) in the HOME Program. 5. If the County ceases to be a Participating Jurisdiction before the end of the term of this Agreement, the Agency shall at that time remit to the County any on-hand Program Income comprised of HOME funds which were repaid during the term of this Agreement. The County in turn shall remit such funds to HUD. Thereafter, all future Program Income from repaid HOME funds made during the term of this Agreement shall be immediately remitted to the County, in perpetuity, and the County shall remit such funds to HUD. Exhibit A-3 HCS-16-42-1601-198(3) City of Everett Page 17 of 23