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Page 9 of 12 <br /> e. Final payment. Provided that the fourth quarter expenditure report <br /> is received by August 15, 1988, payment equal to the difference <br /> between approved reported expenditures and the sum of previous <br /> payments shall be made cn September 15. <br /> f. Quarterly payment for reported expenditures in Line Item 1000 shall <br /> be limited to one-fourth of the budgeted amount in that line item. <br /> g. Increased or decreased payments necessitated by changes in the total <br /> budgeted amount will be reflected in the monthly payments subsequent <br /> to approval of the budget revision. <br /> h. Payments shall be suspended when expenditure reports are not <br /> received by the dates specified. Payments will resume on the <br /> specified dates in the months subsequent to receipt of the <br /> expenditure reports. <br /> 2. For departments not participating in the Governmental Monetary Transfer <br /> System (GMTS) and selecting monthly payment by check option <br /> . a. For the first quarter. Provided that the Consolidated Contract is <br /> properly executed, payment equal to one-twelfth (1/12) of the total <br /> program grant funds for each approved budget shall be made on the <br /> twenty-fifth (25th) of July, August, and September. <br /> b. For the second quarter. Payment equal to 1/12 of the total program <br /> grant funds shall be made on October 25th. Provided that the first <br /> quarter expenditure report is received by November 1, payment equal <br /> to 1/12 of the total program grant funds adjusted by over (under) <br /> expenditures reported for the first quarter shall be made on <br /> November 25th and December 25th. <br /> c. For the third quarter. Provided that the first quarter expenditure <br /> report has been received, payment equal to 1/12 of the total program <br /> grant funds shall be made on January 25th. Provided that the second <br /> quarter expenditure report is received by February 1, payment equal <br /> to 1/12 of the total program grant funds adjusted by over (under) <br /> expenditures reported for the second quarter shall be made on <br /> February 25th and March 25th. <br /> d. For the fourth quarter. Provided that the first and second quarter <br /> expenditure reports have been received, payment equal to 1/12 of the <br /> total program grant funds shall be made on April 25th. Provided <br /> that the third quarter expenditure report is received by May 1, <br /> payment equal to 1/12 of the total program grant funds adjusted by <br /> over (under) expenditures reported for the third quarter shall be <br /> made on May 25th and June 25th. <br /> e. Final payment. Provided that the fourth quarter expenditure report <br /> is received by August 15, 1988, payment equal to the difference <br /> between approved reported expenditures and the sum of previous <br /> payments shall be made on September 25. <br /> f. Quarterly payment for reported expenditures in Line Item 1000 shall <br /> be limited to one-fourth of the budgeted amount in that line item. <br />