13 - Authorizing necessary documents to pursue the Coronavirus Relief Fund created by the CARES Act

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2.3 We must follow Federal and State Procurement — again, a third party administrator will help in this area for whenever Federal differs from the State laws we use. 2.4 Any contracts we award using this funding must include the provisions laid out in this section. 3.1 We will cooperate with State Auditors. 3.2 If we spend in excess of $750k in federal funds this year, we will have our financial auditors perform a specific audit in compliance with the Single Audit Circular. 3.3 If the audit finds problems, we will work with TDEM to correct those problems. 3.4 We will maintain these records for at least seven years. 4.1 List of prohibited costs — the most important one being we cannot use this funding to replace lost revenue. 4.2 This funding cannot be used to finance any political or lobbying activity. 5.1 Funding will be sent via direct deposit. 5.2 Payments to the City must be in compliance with the Grant Agreement. Will receive the 20% upon signing this agreement. Our requests must be supported and documented. 5.3 Must submit quarterly financial reports on our progress. 5.4 TDEM is obligated to pay us the funding that is eligible and meets requirements. 5.5 If we are overpaid, must refund balance. 5.6 TDEM has the right to recapture funds that were spent incorrectly. 5.7 We have 90 days following 12/30/2020 to submit our final requests for reimbursement. 5.8 There will be a final close out of this program once the deadline hits and the last payouts have been processed.