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Alameda CTC Agreement No. A26-00XX <br />Page 3 of 7 <br />2026 MPFA <br /> <br /> <br /> <br /> <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 />AGREEMENT and the Measure B Expenditure Plan. <br /> <br />B. RECIPIENT’S DUTIES AND OBLIGATIONS <br /> <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 /> <br />2. RECIPIENT shall set up and maintain an appropriate system of accounts to report on <br />Measure B funds received. RECIPIENT 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 ALAMEDA 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 /> <br />C. OTHER EXPENDITURE RESTRICTIONS <br /> <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 /> <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 /> <br />3. Fund Exchange: Any fund exchanges made using Measure B funds must be made for <br />transportation purposes. ALAMEDA CTC will consider exchange proposals on a case-by-case basis. <br /> <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 76 of 846