Common use of Payment Procedures/Reimbursement of Funds Clause in Contracts

Payment Procedures/Reimbursement of Funds. This is a cost reimbursement agreement. Disbursement of funds under this Agreement may be requested only for necessary, reasonable, and allowable costs described in the Budget, attached hereto as Exhibit “C” and for which CENTER has made payment. The City will disburse funds only after completion of the work and after receipt and approval by appropriate City personnel of a “Request for Reimbursement” which shall be in accordance with the Budget specifying the services performed and expenses incurred. Reimbursements shall be requested no more frequently than once a month and shall be submitted in form and content satisfactory to the City. All requests for reimbursement must be accompanied by adequate billing documentation of payment for eligible expenses (i.e. invoices, receipts, bills from vendors, copies of checks, lien waivers, affidavits, applications, certifications, time sheets, etc…) and other supporting documentation. Requests for reimbursement shall include adequate documentation of expenditures and all other information described in Exhibit “D”, attached hereto and incorporated herein by reference. No interest shall be earned on grant proceeds. All requests for reimbursement to the City must be signed by an authorized signatory of CENTER. Notwithstanding anything herein to the contrary, CENTER shall not request reimbursement from the City under this Agreement for any portion which has been paid from another source of revenue and further agrees to utilize funds available under this Agreement to supplement rather than supplant funds otherwise available

Payment Procedures/Reimbursement of Funds. This is a cost reimbursement agreement. Disbursement of funds under this Agreement may be requested only for necessary, reasonable, and allowable costs described in the Budget, attached hereto as Exhibit “C” and for which CENTER CLEARPOINT has made payment. The City will disburse funds only after completion of the work and after receipt and approval by appropriate City personnel of a “Request for Reimbursement” Payment”, attached hereto as Exhibit “E”, which shall be in accordance with the Budget specifying the services performed and expenses incurred. Reimbursements shall be requested no more frequently than once a month and shall be submitted in form and content satisfactory to the City. All requests for reimbursement must be accompanied by a signed cover letter printed on company letterhead stating the grant period and an invoice number, adequate billing documentation of payment for eligible expenses (i.e. invoices, receipts, bills from vendors, copies of checks, lien waivers, affidavits, applications, certifications, time sheets, etc…) ), documentation of matching funds expenditure or donations (i.e. volunteer time logs, time sheets, mock invoices for donated items, etc…), and other supporting documentation. Requests for reimbursement shall include adequate documentation of expenditures and all other information described in Exhibit “D”, attached hereto and incorporated herein by reference. No interest shall be earned on grant proceeds. All requests for reimbursement must be submitted to the City must be signed by an authorized signatory of CENTERno later than October 31, 2015. Notwithstanding anything herein to the contrary, CENTER CLEARPOINT shall not request reimbursement from the City under this Agreement for any portion which has been paid from another source of revenue and further agrees to utilize funds available under this Agreement to supplement rather than supplant funds otherwise available.

Payment Procedures/Reimbursement of Funds. This is a cost reimbursement agreement. Disbursement of funds under this Agreement may be requested only for necessary, reasonable, and allowable costs described in the Budget, attached hereto as Exhibit “C” and for which CENTER MINISTRY has made payment. The City will disburse funds only after completion of the work and after receipt and approval by appropriate City personnel of a “Request for Reimbursement” which shall be in accordance with the Budget specifying the services performed and expenses incurred. Reimbursements shall be requested no more frequently than once a month and shall be submitted in form and content satisfactory to the City. All requests for reimbursement must be accompanied by adequate billing documentation of payment for eligible expenses (i.e. invoices, receipts, bills from vendors, copies of checks, lien waivers, affidavits, applications, certifications, time sheets, etc…) and other supporting documentation. Requests for reimbursement shall include adequate documentation of expenditures and all other information described in Exhibit “D”, attached hereto and incorporated herein by reference. No interest shall be earned on grant proceeds. All requests for reimbursement to the City must be signed by an authorized signatory of CENTERMINISTRY. Notwithstanding anything herein to the contrary, CENTER MINISTRY shall not request reimbursement from the City under this Agreement for any portion which has been paid from another source of revenue and further agrees to utilize funds available under this Agreement to supplement rather than supplant funds otherwise available