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Alameda CTC Agreement No.A26-OOXX <br /> 2. ALAMEDA CTC shall provide timely notice to RECIPIENT prior to conducting an audit of <br /> expenditures made by RECIPIENT to determine whether such expenditures are in compliance with this <br /> AGREEMI?N'I'and the Measure B Expenditure Plan. <br /> B. RECIPIENT'S DUTIES AND OBLIGATIONS <br /> 1. RECIPIENT shall expend all Measure B funds received in compliance with the applicable <br /> guidelines and the Measure B Expenditure Plan,including the Implementation Guidelines and performance <br /> measures,as they may be adopted or amended by ALAMEDA CTC from time to time. <br /> 2. RECIPIENT shall set up and maintain an appropriate system of accounts to report on <br /> Measure B funds received. RECIPIE,Nf must account for Measure B funds,including any interest received or <br /> accrued,separately for each fund type,and from any other funds received from the ALS\MEDA CTC.The <br /> accounting system shall provide adequate internal controls and audit trails to facilitate an annual compliance <br /> audit for each fund type and the respective usage and application of said funds.ALAMEDA CTC and its <br /> representatives,agents and nominees shall have the absolute right at any reasonable time to inspect and copy <br /> any accounting records related to such funds,except to the extent specifically prohibited by applicable law. <br /> { <br /> 3.RECIPIENT shall expend Measure B funds in compliance with the Timely Use of Funds Policies for <br /> Direct Local Distributions,as approved by the COMMISSION,and as they may be adopted or amended by <br /> ALAMEDA CTC from time to time. <br /> C. OTHER EXPENDITURE RESTRICTIONS <br /> 1. Transportation Purposes Only: RECIPIENT shall use all Measure B funds solely for <br /> transportation purposes as defined by the authorizing ballot measure.Any jurisdiction that violates this <br /> provision must fully reimburse all misspent funds,including all interest which would have been earned <br /> thereon. <br /> 2. Non-Substitution of Funds:RECIPIENT shall use Measure B funds to supplement and not <br /> replace existing property taxes used for transportation purposes. <br /> 3. Fund Exchange:Any fund exchanges made using Measure B funds must be made for <br /> transportation purposes. AIAMEDA CTC will consider exchange proposals on a case-by-case basis. <br /> 4. Staff Cost Limitations:Direct costs associated with the delivery of programs and projects <br /> associated with Measure B,including direct staff costs and consultant costs,are eligible uses of Measure B <br /> funds.ALAMEDA CTC does not allow indirect costs,unless the RECIPIENT submits an independently <br /> audited/approved Indirect Cost Allocation Plan. <br /> Page 3 of 7 <br />