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Funds generated by activities funded under this Agreement,except for on-the-job training,is <br /> program income. Program income shall be calculated in the manner acceptable to the LA <br /> and in accordance with generally accepted accounting principles that generate program <br /> income (program income shall be treated for all purposes as funds under this Agreement). <br /> The Contractor is responsible for assuring that program income is reported as required by <br /> the LA and that adequate records to calculate program income are maintained. Program <br /> income must be.used for purposes permissible under the WIOA or permissible at the time <br /> generated, whichever is least restrictive, and must be used prior to the submission of the <br /> final report for the funding period of the program year to which the earnings are attributed. <br /> Program income will not diminish the allocation for any fund, and cost category restrictions <br /> do not apply. <br /> Neither budget approval, advance payments, reimbursement of costs, nor acceptance of <br /> closeout documents by the LA, stops the LA, the State, or the USDOL from later <br /> determining that the costs were unallowable. <br /> Any interest earned on advances will be considered program income and will be subject to <br /> the above provisions. <br /> Enrollments and NCWorks Online System: <br /> The Contractor will ensure all applicants are eligible before approving and entering <br /> the enrollment in NCWorks Online. The contractor shall ensure that participant files <br /> are approved and reviewed for accuracy for keying information and uploading and <br /> scanning documents into the NCWorks Online System. <br /> MCA"Q0,P ,� IyS� <br /> Contractor's Name/Title <br /> 15.BONDING: <br /> The Contractor shall procure a fidelity bond for all persons authorized to receive or disburse <br /> WIOA funds and public agencies shall procure a public employee's faithful performance <br /> blanket bond. Non-governmental agencies shall have a blanket fidelity position bond or an <br /> individual fidelity bond. <br /> The bond limit shall be at least the amount of compensation specified in the contract or <br /> $50,000 whichever is less. No payments authorized under this Contract shall be made <br /> to the Contractor until a copy of the bond has been furnished to the LA.. Submit a <br /> copy of the bond agreement. <br /> 16.MAINTENANCE OF RECORDS: <br /> All fiscal and program records and files must be secured in locked file cabinets. <br /> Note: As of July 1,2017, all active participant files at that time and all new participant files <br /> will be paperless and all pertinent information and documents will be scanned or uploaded <br /> into the NCWorks Online system. Only previous program years and exited files will remain <br /> in paper form. Contractors must purchase signature pads for online signatures. <br /> Regional Partnership Workforce Development Board <br /> (Rev.6/7/17) Page 6 <br />