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C. Reporting and Payment Procedures <br />1. Budgets <br />The Subrecipient has submitted a detailed budget (see Exhibit B) in a form and <br />content prescribed by Harris County Auditor. The Grantee and the Subrecipient <br />may agree to revise the budget in accordance with existing county policies. The <br />budget may only be revised two times in a one-year period. <br />2. Program Income <br />The Subrecipient shall report all program income as defined at 24 C.F.R. § <br />92.2(2) generated by activities carried out with HOME funds made available <br />under this Agreement. The use of program income by the Subrecipient shall <br />comply with the requirements set forth at 24 C.F.R. § 92.503. By way of further <br />limitations, the Subrecipient may use such income during the contract period for <br />activities permitted under this Agreement and shall reduce requests for additional <br />funds by the amount of any such program income balances on hand. All unused <br />program income shall be returned to the Grantee at the end of the contract period. <br />Anv interest earned on cash advances from the U.S. Treasury is not program <br />income and shall be remitted promptly to the Grantee. <br />3. Indirect Costs <br />If indirect costs are charged, the Subrecipient will develop an indirect cost <br />allocation plan for determining the appropriate Grantee share of administrative <br />costs and shall submit such plan to the Grantee for approval. <br />4. Pavment Procedures <br />The Grantee will pay to the Subrecipient funds available under this Agreement <br />based upon information submitted by the Subrecipient and consistent with any <br />approved budget and county policy concerning payment. With the exception of <br />certain advances, payments will be made for eligible expenses actually incurred <br />by the Subrecipient, and not to exceed actual cash requirements. Payments will <br />be adjusted by the Grantee in accordance with advance fund and program income <br />balances available in Subrecipient accounts. In addition, the Grantee reserves the <br />right to liquidate funds available under this Agreement for costs incurred by the <br />Grantee on behalf of the Subrecipient. <br />D. Procurement <br />Com fiance <br />The Subrecipient shall comply with the (1) public notice and (2) award of contract <br />to the lowest and best responsible bidder procedures of the County Purchasing <br />