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Alameda CTC Agreement No.A15-0027 <br /> derailed in Exhibit A subject to change based on changes in annual population. <br /> 2. <br /> RECIPIENT shall use such funds for planning,construction and maintenance of bicycle and <br /> pedestrian projects and programs,with focus on high-priority projects described in RI C:1191:N rs Bicycle and <br /> Pedestrian Master Plans. <br /> 3. Bicycle and Pedestrian Paths and Safety funds are subject to the requirements for"Measure <br /> B Bicycle and Pedestrian Pass-through Funds"as detailed in the AI.AMEDA CTC Bicycle and Pedestrian <br /> Safety Program Implementation Guidelines,and said guidelines are hereby incorporated into this <br /> AGRIU MII•:NT by reference. <br /> ARTICLE IL-PAYMENTS AND EXPENDITURES <br /> A. ALAMEDA CTC's DUTIES AND OBLIGATIONS <br /> 1. Within five working days of actual receipt of the monthly Measure BB sales tax revenues <br /> from the BOE,Al.\MUDA CTC shall remit to the RI•:IPIIiNI its designated amount of DLD funds <br /> disbursed on a monthly basis by a set formula for distribution. <br /> 2. AI.AMI?DA CTC shall annually update the Measure BB sales tax revenue projections and the <br /> resulting funds allocation formulas to reflect the most current population using the California Department of <br /> Finance's annual population estimates(Report E-1 published in May)and maintained road mileage from the <br /> Department of Transportation as it is made available A1.\MI tr.CTC shall use the updated Measure BB <br /> program allocation formulas in the allocations beginning July 1 of each new fiscal year,which is from July 1 <br /> to June 30 in the State of California.At.AME.DA CTC shall provide an annual projection of Measure BB <br /> DLD estimated to be distributed to each RFCPIENr for each investment category R cil'IENT is eligible to <br /> receive before the beginning of each new fiscal year. <br /> 3. A1.AMinA CTC shall report monthly the amount of Measure BB revenues distributed to <br /> RI:x:IPllila by each investment category for the fiscal year and for the total program to date. <br /> 4. Al.tMEDA CTC shall provide for an independent annual audit of its financial statements <br /> including revenues and expenditures and also the calculation of the allocation formula for distributing <br /> Measure BB DLD funds to various recipients and render an annual report to the AIAMI D,\CTC <br /> Commission within 180 days following the dose of the fiscal year.AL. MEDA CTC shall render an annual <br /> report on Measure BB funds to the Citizens Watchdog Committee(Independent Watchdog Committee)as <br /> soon thereafter as practical <br /> 5 <br /> Ai.\MI•:DA CTC shall provide timely notice to Rl x:iP11•Vr prior to conducting an audit of <br /> any expenditure made by RECIPIENT to determine whether such expenditures are in compliance with this <br /> AcRIut. EWF and the 2014 TEP. <br /> B. RECIPIENT's DUTIES AND OBLIGATIONS <br /> 1. <br /> RECIPIENT shall expend all Measure BB funds distributed to the Rt?cIPIENT in compliance <br /> 4 of 10 <br />