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7. Delivery of Grant Funds. The total Grant Funds equals Six Hundred Twenty Five <br /> Thousand Eight Hundred Twenty Eight ($625,828) Dollars. The total Project cost anticipated is <br /> One Million Three Hundred Ninety Five Thousand Nine Hundred Sixteen ($1,395,916) Dollars. <br /> Grant Funds shall be held by the 911 Board and delivered as follows: <br /> a. Funds shall be released to Grantee after receiving copies of Grantee's contracts, <br /> purchase orders and invoices therefor, and Grantee's satisfactory completion of its <br /> obligations under this Agreement. Grant Funds shall not be used for updating data <br /> gathered during the Project. The 911 Board may release Grant Funds directly to <br /> subgrantees upon receipt of evidence satisfactory to the 911 Board Executive Director <br /> that all conditions necessary to release such Funds have been satisfied. Such evidence <br /> may comprise demonstrated compliance with work and payment schedules of this <br /> Agreement and any agreement with a Subgrantee, relevant contracts, purchase orders and <br /> invoices therefor, satisfactory completion of testing and acceptance criteria of Grantee's <br /> contracts with its vendors, approval of the Grantee, and such other evidence as the <br /> Executive Director deems reasonably necessary or proper. Payment schedules may <br /> include pre-determined progress payments, payments based upon time and materials that <br /> are not to exceed a maximum amount, retainage, and such other terms that are consistent <br /> with this Agreement. <br /> b. Grant Funds shall not be released, or paid, in advance of performance of actual <br /> services or reimbursable purchases. Funds shall be released only for expenses that are <br /> eligible under N.C. Gen. Stat. §62A-40 et seq. and the policies of the 911 Board. <br /> C. Indirect costs and administrative costs will not be allowable charges against Grant <br /> Funds unless such costs are specifically included in the approved Project budget as <br /> incorporated into the award. <br /> d. Grantee will maintain full, accurate, and verifiable accounting records to support <br /> the preparation of financial statements in conformity with accounting practices applicable <br /> to N.C. local governments as approved by, or consistent with, standards of the Local <br /> Government Commission. Expenditures must be consistent with the Project Budget and <br /> N.C. Gen. Stat. §62A-40 et seq. <br /> e. In the event Grantee breaches any of the covenants or agreements contained in <br /> this Paragraph, or any of the representations and warranties of Paragraphs 9, 19, and 24 <br /> are untrue as to a material fact as of the date of this Agreement, Grantee agrees to return <br /> any unearned Grant Funds held by Grantee and refund sums equal to any non-qualified <br /> expenditures paid with Grant Funds. Grantee's obligations that are created by this <br /> subsection (e), to return Grant Funds and to refund sums, apply only to Grant Funds held <br /> by Grantee. Grant Funds are "held" by Grantee only to the extent they are in the actual, <br /> not constructive,possession of Grantee. <br /> f. Grantee must attend workshops or other instructional sessions relating to <br /> administration of the Grant or use of 911 Funds provided by the 911 Board during the <br /> term of this Agreement. <br /> 8. Travel Expenses. The approved budget does not include travel costs. Such costs, if any, <br /> are limited to reimbursement rates set forth in N.C. Gen. Stat. §138-6; as interpreted by the <br /> Office of State Budget and Management, and as amended from time to time. Further <br /> Page 4 of 17 <br />