Billing and Payment Terms. Awarded Contract will follow the costs outlined in Exhibit 2: Budget. Claims for reimbursement must be submitted monthly by the 23rd day of the month. The Department shall reimburse the Contractor for the functions it performs and services it provides or purchases as set forth in Exhibit 1: Scope of Services the last business day of the same month. Payments by the Department under this Contract are contingent upon: (a) substantial compliance by the Contractor of all responsibilities identified in this Contract, and in accordance with State and Federal laws; (b) authorization of Wisconsin and Federal laws and availability of State and Federal funds; and (c) approval of cost allocation plans and of expenditures for non-expendable personal property by State and Federal cost allocation units. If TANF funded, leave the following two paragraphs, otherwise delete them. All reimbursements under this contract are subject to the limitation(s) provided under Wis. Stat. s. 49.175(1). Each annual award amount under this contract is set considering SPARC payment timing and the limitations under s. 49.175. All efforts should be made to spend down individual allocations by the end date specified. Funds remaining at the end of any allocation period ending May 31st will not be carried over. Requests to carryover funds from the second allocation period of a year (ending December 31st) to the first allocation period of the next award year (starting January 1st) may be considered by the department on a case-by-case basis. In addition, the department reserves the right to adjust funding allocations provided under the contract to accommodate requests for reimbursement submitted during the 90 window allowed in E. Final Submission in order to remain compliant with s. 49.175 limitations in a given state fiscal year.
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