Common use of Expenditure of Funds/Budget Clause in Contracts

Expenditure of Funds/Budget. West Lakes shall use the grant proceeds for eligible expenses permitted under the CDBG-CV regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “E” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes shall be responsible for any cost overruns above the grant amount of $85,000.00. West Lakes shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV funds allocated to West Lakes for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes GAECDC shall use the grant proceeds for eligible expenses permitted under the CDBG-CV CDBG regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “ED” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes GAECDC shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes GAECDC shall be responsible for any cost overruns above the grant amount of $85,000.0035,000.00. West Lakes GAECDC shall not use any CDBG-CV CDBG funds for prohibited activities as set forth in 24 CFR §§ 570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes GAECDC is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes GAECDC for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes GAECDC will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes GAECDC acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget and permitted CDBG regulations must be repaid to the City.

Expenditure of Funds/Budget. West Lakes The City shall wire the funds on the date of closing of the Property (“Closing”) in accordance with the Budget attached hereto as Exhibit “G” and made a part hereof by this reference (Funds”). GMH shall use the grant proceeds Funds for eligible expenses permitted under the CDBG-CV regulations CDBG regulations, as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “E” made a part hereof by this referenceG”. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes GMH shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Program Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes GMH shall be responsible for any cost overruns above the grant loan amount of $85,000.00365,000.00. West Lakes GMH shall not use any CDBG-CV CDBG funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements 570.207 and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes GMH is not utilizing the grant proceeds Funds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes GMH for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes GMH will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City also reserves the right to request and approve documentation supporting any wire requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordinglycosts. West Lakes GMH acknowledges and agrees that any funds not used in accordance with this Budget and permitted CDBG-CV CDBG regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes Coalition shall use the grant proceeds for eligible expenses permitted under the CDBG-CV CDBG regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “ED” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes Coalition shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes Coalition shall be responsible for any cost overruns above the grant amount of $85,000.0030,000.00. West Lakes Coalition shall not use any CDBG-CV CDBG funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes Coalition is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes Coalition for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes Coalition will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes Coalition acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV CDBG regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes Lighthouse shall use the grant proceeds for eligible expenses permitted under the CDBG-CV regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “E” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes Lighthouse shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes Lighthouse shall be responsible for any cost overruns above the grant amount of $85,000.00120,000.00. West Lakes Lighthouse shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes Lighthouse is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV funds allocated to West Lakes Lighthouse for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes Lighthouse will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes Lighthouse acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes FPGO shall use the grant proceeds for eligible expenses permitted under the CDBG-CV CDBG regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “ED” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes FPGO shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes FPGO shall be responsible for any cost overruns above the grant amount of $85,000.00. West Lakes shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes FPGO is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes FPGO for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes FPGO will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes FPGO acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV CDBG regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes Idignity shall use the grant proceeds for eligible expenses permitted under the CDBG-CV CDBG regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “ED” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes Idignity shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes Idignity shall be responsible for any cost overruns above the grant amount of $85,000.0030,000.00. West Lakes Idignity shall not use any CDBG-CV CDBG funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes Idignity is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes Idignity for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes Idignity will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes Idignity acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV CDBG regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes shall use the grant proceeds for eligible expenses permitted under the CDBG-CV regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “E” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes shall be responsible for any cost overruns above the grant amount of $85,000.00159,600.00. West Lakes shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV funds allocated to West Lakes for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes Lifeboat shall use the grant proceeds for eligible expenses permitted under the CDBG-CV CDBG regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “ED” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes Lifeboat shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes Lifeboat shall be responsible for any cost overruns above the grant amount of $85,000.0025,000.00. West Lakes Lifeboat shall not use any CDBG-CV CDBG funds for prohibited activities as set forth in 24 CFR §§ 570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes Lifeboat is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes Lifeboat for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes Lifeboat will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes Lifeboat acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget and permitted CDBG regulations must be repaid to the City.

Expenditure of Funds/Budget. West Lakes JFS shall use the grant proceeds for eligible expenses permitted under the CDBG-CV CDBG regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “ED” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes JFS shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes JFS shall be responsible for any cost overruns above the grant amount of $85,000.00. West Lakes shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes JFS is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV CDBG funds allocated to West Lakes JFS for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes JFS will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes JFS acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV CDBG regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes Primrose shall use the grant proceeds for eligible expenses permitted under the CDBG-CV regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “E” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes Primrose shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes Primrose shall be responsible for any cost overruns above the grant amount of $85,000.00153,035.00. West Lakes Primrose shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes Primrose is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV funds allocated to West Lakes Primrose for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes Primrose will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes Primrose acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget must be repaid to the City.

Expenditure of Funds/Budget. West Lakes CSCCF shall use the grant proceeds for eligible expenses permitted under the CDBG-CV regulations as set forth in 24 CFR Part 570 and in accordance with the Budget attached hereto as Exhibit “E” made a part hereof by this reference. The City may require a more detailed budget breakdown than the Budget attached hereto, and West Lakes CSCCF shall provide such supplementary budget information in a timely fashion and in the form and content as may be prescribed by the City. The City may also require changes in line items, or approve other budgetary changes within the total award amount. Any supplementary budget information or budget changes must be approved in writing by the Housing and Community Development Manager and the Housing Director or his designee. Expenditures shall be directly attributable to the Project. West Lakes CSCCF shall be responsible for any cost overruns above the grant amount of $85,000.00180,858.00. West Lakes CSCCF shall not use any CDBG-CV funds for prohibited activities as set forth in 24 CFR §570.207, or CDBG-CV requirements and is also prohibited from using these subaward funds or personnel employed in the administration of activities under this Agreement for political activities, inherently religious activities, or lobbying. If the Housing Director, in his sole discretion, determines that West Lakes CSCCF is not utilizing the grant proceeds in accordance with this Agreement, the Housing Director may reduce or otherwise alter the funding amount of the Agreement. Any of the CDBG-CV funds allocated to West Lakes CSCCF for this Project which are not expended within the term of this Agreement will be retained by the City. West Lakes CSCCF will not be reimbursed by the City for any Project costs or expenses not incurred within the term of this Agreement. Notwithstanding anything to the contrary in this Agreement, the City reserves the right to request and approve documentation supporting any requests for reimbursement to verify the reasonableness and validity of such costs and said Budget may be modified by the City accordingly. West Lakes CSCCF acknowledges and agrees that any funds not used in accordance with permitted CDBG-CV regulations and the Budget must be repaid to the City.