Contract Amendments to the Governance Committee

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` guaranteed and insured accounts. Interest earnings from each such investment shall be credited to Reclamation' s account to reduce the amount of the next federa) quaRerly advance. d. A request for advance or reimbursement form, Standard Form 270 (Attachment II).shall be completed by the Foundation each quarter and shall be provided to the Grants and Cooperative Agreements Officer and to each state. e. Contributions and/or donations, other than those addressed above, shall go into accounts held by the.Foundation and kept separate from the accounts described in paragraphs b and c. above. f. Disbursements from contribution accounts held by the Foundation shall be made for bills deemed payable in accordance with the Foundation' s bookkeeping and accounting practices and approved by the parties to this agreement. g. Disbursements shall be made frorn the parties's accounts in the fo(lawing proportioas: . , Reclamation: ° 65;79% . • - . . . • . . . Colorada: 15.79% Nebraska: 10.53% ' Wyoming: 7.89% Exceptions to this allocation will only occur when Reclamation and the States all agree and direct the Foundation otherwise through Governance Committee action. h. If at any time Reclamation or any state does not have sufficient funds in its account to cover its portion of a planned disbursement, the Foundation shatl not disburse funds for that purpose from the account of any other party without priar written approval fram that pariy. When Federal Funds are,to be disbursed, approval wi11 be required by the Grants and Agreements Officer's Techn'scal representative. Disbursements shal! be made by check or electranic funds transfer upon receipt by tha Foundation of a Request for Disbursement af Contributions (Attachment I). i. The Foundation shall maintain a record keeping system acceptable to the part+es to this agreement to track and reconcite disbursements. The Foundation will establish a"fund," which will be a separate bank account. The fund will be broken into "accounts" maintained as required by this agreement. Interest earned will be at the same rate for atl monies in the fund. Interest income will be prorated to the Parties' accounts as income, based on balances when interest is credited. j. The Faundation shall provide the monthly reports listed below no later than ths 10" of each succeeding month to the Governance Committee and Executive Director in a format acceptabte to the Governance Committee and Executive Director. 1. A report of cash contrihutions prov'sded by each party to the 3uly 1997 Agseement since the last such repoR. 2. A report of in-kind services contributions by each party to the Ju{y 1497 Agreement since the last such repart. The eligibility and value of in-kind services as offsets to cash contributions as required by the milestones co the July 1997 Agreemenf"*shal] be preauthorized by the Governance Carrimittee prior to their inclusion in such report. Detailed statements of these in-kind serv'sces wilt be provided by the.contributing party. Page 6 of 26