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' <br />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 $293,892.00 (refer to specific program allocations on <br />the cover page). The LA will advance one - twelfth of the total <br />contract amount for the purpose of start -up. Provided <br />further, the WIA Contractor acknowledges that the LA is <br />receiving monies to fund WIA activities from the State and <br />that the LA's obligations to pay any funds is conditioned upon <br />receipt of such funds. The LA may impose restrictions upon <br />the maintenance of excess cash by the WIA Contractor <br />consistent with the restrictions placed upon the LA by the <br />State and the United States Treasury Department. <br />Orange County Department of Social Service <br />WIA Youth Program Allocations <br />$293,892.00 <br />5. WIA Contractor's Performance Benchmarks: <br />1. The WIA Contractor shall expend at least 100 (100 %) <br />percent of its three month allocation by December 31, <br />2014; and <br />2. Shall expend at least sixty percent of its <br />funding by April 30, 2015; and <br />3. Shall expend at least eighty percent of all funding by <br />June 30, 2015; 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, 2014 <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 Certification = 48.10 <br />percent. <br />Literacy or Numeracy Gains = 53.90 percent <br />Local Workforce Area Contract Agreement Page 2 of 29 <br />Amended 7/14 <br />