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Disbursements from the Platte River Implementation Program funds shall be made from the parties' <br />accounts in the following proportions: <br />Reclamation: 83.97% <br />Colorado: 12.82% <br />Nebraska: 0.00% <br />Wyoming: 3.21 % <br />Exceptions to these allocations will only occur when Reclamation and the States all agree and direct <br />the Foundation otherwise through Govemance Committee action. <br />h. If at any time Reclamation or any state does not have sufficient funds in its account to cover its <br />portion of a planned disbursement, the Foundation shall not disburse funds for that purpose from <br />the account of any other party without prior written approval from that party. When Federal Funds <br />are to be disbursed, approval will be required by the Grants and Agreements Officer's Technical <br />representative. Disbursements shall be made by check or electronic funds transfer upon receipt by <br />the Foundation of a Request for Disbursement of Contributions (Attachment n. <br />i. The Foundation shall maintain a record keeping system acceptable to the parties to this <br />agreement to track and reconcile disbursements. The Foundation will establish a fund, which will <br />be a separate bank account. The fund will be broken into accounts maintained as required by this <br />agreement. Interest earned will be at the same rate for all monies in the fund. Interest income will <br />be prorated to the Parties accounts as income, based on balances when interest is credited. <br />j. The Foundation shall provide the monthly reports listed below no later than the 20"' of each <br />succeeding month to the Governance Committee and Executive Director in a format acceptable to <br />the Governance Committee and Executive Director. <br />1. A report of cash contributions provided by each party to the July 1997 Agreement since <br />the last such report. <br />2. A report of in-kind services contributions by each party to the July 1997 Agreement <br />since the last such report. The eligibility and value of in-kind services as offsets to cash <br />contributians as required by the milestones to the July 1997 Agreement shall be <br />preauthorized by the Governance Committee prior to their inclusion in such report. <br />Detailed statements of these in-kind services will be provided by the contributing party. <br />3. A report of the current total outstanding obligations of each party to the July 1997 <br />Agzeement. 4. A report of cash contributions and/or donations provided by other than the parties to <br />the July 1997 Agreement since the last such report. <br />5. A report indicating each request for disbursement received since the last such report <br />and each disbursement made since the last such report, including the amount and the <br />entity receiving the disbursement and the amount withdrawn from each contribution <br />account for that disbursement. <br />6. A report of the total amount disbursed by the Foundation from each contribution <br />account since this agreement was executed. <br />7. A report of the financial status of any activity being performed by the Foundation <br />under Work Order (Attachment iV) including the amount of the contract, amount of any <br />modifications, start and completion dates, amount of time elapsed, and amount of funds <br />expended. <br />B.3. OTHER RESPONSIBILITIES