Agenda - 06-29-1992 - Laserfiche WebLink

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3 d) Reprogramming of Funds. It is understood and agreed that, in the event that the amount of funds received from the Concerned Funding Agency is reduced, COG may, in turn, decrease the total compensation and reimbursement to be paid hereunder and require corresponding changes in the Schedule I. It is further understood and agreed that, in the event at the end of each quarter, the Agency's rate of progress on this Contract is leading to underspending at the end of the Contract period, due to inability to provide services at planned levels, COG may decrease the total compensation and reimbursement to be paid hereunder in order to allocate funds to other contracts and services. e) Change of Unit Cost Reimbursement Rates. COG may renegotiate the reimbursement rates as set forth in Schedule I. The parties agree that COG will consider increasing the reimbursement rate only under two circumstances: (a) Upon a showing by Agency that actual costs have increased due to factors beyond Agency's control; or (b) Upon a showing by Agency that actual costs have increased due to sudden increase in client load (i.e. due to a disaster event) . The parties further agree that COG shall have the right to decrease the reimbursement rate under any circumstances which show the actual costs are ]less than projected; including, but not limited to, circumstances in which: (c) Overall costs of providing service are shown to be less than forecast in the Agency's original bid for service; or (d) The Agency fails to document the required local match such that the COG reimbursement rate exceeds the percent of total service costs as indicated in Schedule I. In the event the reimbursement rates are decreased, COG may, at its option, increase the total number of units of service to be delivered.