Leveraged Resources. 1. Leveraged resources shall be defined as cash match and/or in-kind resources that will not only supplement the WIOA program but definitively result in direct cost savings to the program. The cost savings must correlate to an expense that would otherwise be included in the program budget, for which this expense has no other alternative source free of cost. SUBRECIPIENT shall provide leveraged resources as identified in this CONTRACT.
Leveraged Resources. Leveraged resources are defined as all resources used by the CONTRACTOR to support this Contract activity and outcomes, whether those resources meet Federal standards for “match” funds. Leveraged resources that were expended by the CONTRACTOR must be reported as directed by Worksystems.
Leveraged Resources. Leveraged resources are defined as cash match and/or in-kind resources that will not only supplement the WIOA program but definitively result in direct cost savings to the program. Subrecipients are not required to use leveraged resources toward meeting the minimum training expenditure requirement, however, if Subrecipient does choose this option, they must report all leveraged resources applied as part of the 10 percent credit. If leverage resources are reported, they shall be reported and submitted monthly by the tenth (10th) day of the month utilizing the Leveraged Resources Report supplied by the County of Orange.
Leveraged Resources. 1. CONTRACTOR shall maintain an annual leveraged resource rate of 25%. Leveraged resources for the purpose of this 25% requirement shall be defined as cash match and/or in-kind resources that will not only supplement the WIA program but definitively result in direct cost savings to the program. The cost savings must correlate to an expense that would otherwise be included in the program budget, for which this expense has no other alternative source free of cost.
2. CONTRACTOR shall submit monthly reports identifying the leveraged resource. By the conclusion of the sixth month of this twelve month contract, a minimum of 40% of the total leverage resources agreed to in this contract must have been reported in the July – December monthly reports. In the event less than 40% has been reported by December 31, 2015, a justification and plan of action must be presented in writing to the OCWIB.
Leveraged Resources. 1. For the Program Year, SUBRECIPIENT shall maintain leveraged resources at minimum the same rate which was submitted in their RFP proposal. Leveraged resources shall be defined as cash match and/or in- kind resources that will not only supplement the WIOA program but definitively result in direct cost savings to the program. The cost savings must correlate to an expense that would otherwise be included in the program budget, for which this expense has no other alternative source free of cost.
Leveraged Resources. The amount of the leveraged resources identified by the Recipient in its NOFA application that will supplement HUD funds are noted in the “Recipient Amount” line of the HUD-1044. Though the Recipient is not required to provide additional leveraged resources beyond what is identified in “Recipient Amount” line of the HUD-1044, the Recipient is encouraged to seek additional leveraged resources. If additional leveraged resources are obtained, the Recipient should report to HUD following the Leveraged Resource Reporting guidance issued and updated separately. The Recipient’s NOFA application was rated based on the Recipient’s commitment of leveraged resources. If the Recipient’s actual leveraged amount is less than the “Recipient Amount” on the HUD- 1044 form, HUD may determine that the Recipient has failed to comply with these provisions and impose remedies consistent with 2 CFR part 200. Failure to provide the leverage amount may also impact awardee eligibility for future Distressed Cities award competitions. Any changes in leveraged resources shall be submitted in a revised SF-425 and a revised budget narrative within 30 days of the resources changing. All forms must include the award number. The Recipient must also provide a letter on the organization’s letterhead that details the type, amount, and use of the leveraged resources. If the resources are from an organization other than LISC, provide a copy of the memorandum of understanding or similar agreement between LISC and the organization that details restrictions on use of those resources. If there are geographic or focus area-specific restrictions, include a narrative on how LISC anticipates using these funds for distressed cities TA. Reporting guidance for leveraged resources will be issued and updated separately by HUD. This agreement incorporates the requirements of 2 CFR 200.414. The Recipient is only entitled to reimbursement of indirect costs if the Recipient has a current Federally-approved and negotiated indirect cost rate agreement, if it has submitted its first indirect cost rate proposal to its cognizant federal agency for review and approval, or if it is eligible to use the 10 percent de minimus rate per 2 CFR 200.414(f). If the Recipient is seeking reimbursement of indirect costs, the Recipient is responsible for maintaining an approved rate for the life of the award. A Recipient is required to reconcile the difference between its provisional indirect cost rate and final rate for the same...
Leveraged Resources. 1. CONTRACTOR shall maintain an annual leveraged resource rate of 25%.
2. CONTRACTOR shall submit monthly reports identifying the leveraged resource. By the conclusion of the sixth month of this twelve month contract, a minimum of 40% of the total leverage resources agreed to in this contract must have been reported in the July – December monthly reports. In the event less than 40% has been reported by December 31, 2012, a justification and plan of action must be presented in writing to the OCWIB.
Leveraged Resources. 1. For the Program Year, SUBRECIPIENT shall maintain leveraged resources at minimum the same rate which was submitted in their RFP proposal. Leveraged resources shall be defined as cash match and/or in- kind resources that will not only supplement the WIOA program but definitively result in direct cost savings to the program. The cost savings must correlate to an expense that would otherwise be included in the program budget, for which this expense has no other alternative source free of cost. Formatted: Numbered + Level: 1 + Numbering Style: I, II, III, … + Start at: 10 + Alignment: Left + Aligned at: 0" + Indent at: 0.5" Formatted: Indent: Left: 0.5", Hanging: 0.5", Numbered + Level: 1 + Numbering Style: A, B, C, … + Start at: 1 + Alignment: Left + Aligned at: 0.5" + Indent at: 0.75"
Leveraged Resources. The Project Sponsor herein acknowledges its commitment to HUD to use CoC Program grant funding to leverage additional resources over the duration of the project. The nature and dollar value of these resources are described in letters of commitment provided to the City of Springfield during the CoC application process, and which are kept on file at the Springfield Office of Housing. The Project Sponsor agrees to collect, maintain, and make available for inspection by the City documentation describing the resource actually leveraged over the duration of this Agreement.
Leveraged Resources. The total funds requested under the Dislocated Worker Training NEG solicitation are $750,000. However, all participants will be co-enrolled into WIA formula programs through local AJCC, where they will receive core and intensive services. These funds alone will provide $567,444. in leverage, making the total project budget $1,317,444. Additionally, based on the support needs of trainees and the specific programs into which they enroll, one-stop and local partner resources from a wide range of sources (e.g. Veterans’ programs, housing assistance, counseling) may be accessed on behalf of participants, as will training leverage from state grants and federal financial aid programs (e.g. Pell grants, ETP- funded projects).
