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Upon completion of each increment of work or project in the approved annual work plan, the <br /> UCRIP or SJRIP, in cooperation with the Foundation, shall submit to the State a detailed cost <br /> breakdown satisfactory to the State of all actual costs incurred for that specific increment of <br /> the work or project. <br /> Should approved expenditures exceed funds advanced for a specific increment of work or <br /> project, the State shall either reimburse the Foundation directly_or authorize the use of _ <br /> previously advanced funds to pay its proportionate share of approved excess expenditures. <br /> If the detailed cost accounting is less than the amount of funds advanced for a specific <br /> increment of work or project, the remaining funds shall be applied to the next increment of <br /> work or project under the approved annual work plan or, if the Contract is complete, shall be <br /> promptly refunded to the State by the Foundation as requested by the State. <br /> 8. TRANSFER OF FUNDS <br /> There are two methods of transferring funds to the Foundation: electronic funds transfer and <br /> the traditional system using U.S. Mail. The traditional U.S. Mail system will be used unless <br /> the Foundation chooses the State Electronic Funds Transfer process and implements the <br /> required State procedures. <br /> 9. REPRESENTATIVES <br /> For the purpose of this contract, the individuals identified below are hereby designated <br /> representatives of the respective parties. Either party may from time to time designate in <br /> writing new or substitute representatives: <br /> For the State: <br /> Tom Blickensderfer <br /> Endangered Species Program Director of the Colorado Department of Natural Resources <br /> 1313 Sherman Street, Room 718 <br /> Denver, Colorado 80203 <br /> (303) 866-3157 -phone <br /> (303) 866-2115 - fax <br /> For the Foundation: <br /> Donald Glaser, Intermountain West Regional Director <br /> National Fish and Wildlife Foundation <br /> Rocky Mountain Arsenal <br /> 72nd and Quebec, Building 111, Box 19 <br /> Commerce City, Colorado 80022 <br /> Office: 303-289-0109 <br /> Fax: 303-289-0949 <br /> Email: glaser@nfwf.org <br /> 9 <br />