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For the purpose of the statute of limitations, and in <br /> recognition of the fact that closeout procedures, <br /> audit, audit resolution and collection of disallowed <br /> costs will occur after the services period, this <br /> Contract shall not be considered completed until final <br /> action on disallowed costs by the USDOL has been taken <br /> and the time for appeal of disallowed costs has <br /> expired. <br /> 4 . COMPENSATION AND METHOD OF PAYMENT: <br /> The WIA Contractor shall be compensated for the work and <br /> services to be performed under this Contract by monthly <br /> reimbursement based on allowable expenditures actually made. <br /> In no event, however, will the total compensation exceed the <br /> sum of $301, 811.00 (refer to specific program allocations on <br /> the cover page) . Provided further, the WIA Contractor <br /> acknowledges that the LA is receiving monies to fund WIA <br /> activities from the State and that the LA' s obligations to pay <br /> any funds is conditioned upon receipt of such funds . The LA <br /> may impose restrictions upon the maintenance of excess cash by <br /> the WIA Contractor consistent with the restrictions placed <br /> upon the LA by the State and the United States Treasury <br /> Department. <br /> 5. WIA Contractor' s Performance Benchmarks: <br /> 1 . The WIA Contractor shall expend at least twenty-five <br /> (255) percent of its total allocation by December 31, <br /> 2013; and <br /> 2 . Shall expend at least forty-five (45) percent of its <br /> funding by April 30, 2014; and <br /> 3 . Shall expend at least seventy (70) percent of all <br /> funding by June 30, 2014; and <br /> 4 . Shall meet the WIA common measures and enrollment <br /> levels as specified in their "Statement of Work" . The <br /> LA will review enrollment levels by December 31, 2013 <br /> to ascertain acceptable levels. Acceptable levels shall <br /> be no less than fifty (50) percent of the total number <br /> specified in the WIA Contractor's "Statement of Work" . <br /> Failure to meet this requirement may result in a de- <br /> obligation of funds. <br /> Youth (16-21) Common Measures: <br /> Placement in Employment or Education = 73 .63 percent <br /> Attainment of a Degree or Certificate = 48.10 percent <br /> Literacy or Numeracy Gains = 53.90 percent <br /> 5. Contractor must make available the KeyTrain Tutorial <br /> and WorkKeys Assessment to ensure each participant <br /> has the opportunity to gain the CRC. It is expected all <br /> contractors will strive to meet this requirement. <br /> Local workforce Area Contract Agreement Page 2 of 28 <br /> Amended 6/12 <br />