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REV: 10-27-2022 SK <br />5. PAYMENTS. <br />A. Program Income. Subrecipient will report all program income (as defined <br />at 24 CFR Section 570.500(a)) (“Program Income”) generated by activities carried out <br />with CDBG funds made available under this Agreement. The use of Program Income by <br />Subrecipient will comply with the requirements set forth at 24 CFR Section 570.504. By <br />way of further limitations, Subrecipient may use such income during the Fiscal Year for <br />activities permitted under this Agreement, and all the provisions of this Agreement will <br />apply to such activities. All unexpended Program Income, in accordance with Section 13 <br />of this Agreement, will be returned to City at the end of the Fiscal Year or upon the earlier <br />termination of this Agreement. Any interest earned on cash advances from the U.S. <br />Treasury and from funds held in a revolving fund account is not Program Income and will <br />be remitted promptly to City. <br />B. Payment Procedures. Subrecipient will keep detailed and accurate <br />records of all expenditures made and expenses incurred which are funded under this <br />Agreement. Payments of funds allocated pursuant to Paragraph 1 will be made to <br />Subrecipient on a reimbursement basis as follows: (i) Subrecipient will submit requests <br />for payment electronically to the website specified by City’s CDBG/HOME Program on a <br />quarterly basis, by the 15th day of the months October, January, and April and the 1st day <br />of June; (ii) all requests for payment will be accompanied by copies of original receipts or <br />other proofs of expenditures, and will disclose monthly amounts of Program Income, if <br />any, generated by user fees or any other means; (iii) any Program Income, if applicable, <br />will be expended by Subrecipient prior to requesting reimbursements and subtracted from <br />corresponding requests for payment; and (iv) the final payment request must be <br />submitted and received by City no later than July 1, 2023. <br />6. STANDARD OF SERVICE. Subrecipient warrants to City that it will use and <br />account for all funds provided hereunder strictly in accordance with standards governing <br />the use of, and accountability for, funds held and disbursed in trust. The Project will <br />conform to the highest standards provided for projects of similar or like nature in the San <br />ATTY/AGR.2022.383/CIID (Page 3 of 20)