FLOOD03473

• County: Statewide
• Community: Region VIII
• Basin: Statewide
• Title: Comprehensive Cooperative Agreement
• Date: 1/1/1989
• Prepared For: Region VIII
• Prepared By: FEMA
• Floodplain - Doc Type: Flood Mitigation/Flood Warning/Watershed Restoration

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Article V. Costs, Award Amounts, and Payments

A. FEMA shall not be liable under this Agreement for any amount greater than
the current total award amount on the FEMA Form 76-10, Assistance Award or
Amendment.

B. No costs eligible under this Agreement shall be incurred before October I,
1988. No reimbursements or drawdowns under a Letter of Credit shall be made
unless and until the Regional Director or the Assistance Officer advises the
State in writing that funds have been made available. Such notice shall pre-
scribe, through the FEMA Form 76-10, Assistance Award/Amendment, the specific
amount of the funds made available from each funding source, subject to approval
by both Federal and State officials.

C. The State is authorized to receive payment under this Agreement in accor-
dance with the conditions and procedures specified in CPG 1-32, FEMA Financial
Assistance Guidelines. The State's existing Letter of Credit (LOC) with FEMA
shall be used for CCA funding. Up to 40 percent of the total funds awarded .
will be put in the Letter of Credit in the first quarter and up to 20 percent
added in each subsequent quarter. In the absence of an LOC, the State shall
submit Standard Form 270 to request advances and reimbursements. Procedures
for establishment and operation of an LOC are contained in FEMA Manual 2700.1,
Letter of Credit Policies and Procedures, effective edition, (also included as
Appendix A to the FEMA Financial Assistance Guidelines, CPG 1-32.)

D. Based on an analysis and review of such factors as unobligated' funds returned,
program results, timeliness of progress and financial reports, and the quality
of statements of work, the final 20 percent of obligations for each program
may be awarded to the State, either in whole or in part, as determined to be
appropriate by the Regional Director.

Article VI. Reports

A. Reporting shall be in accordance with CPG 1-38, Comprehensive Cooperative
Agreement Policies and Procedures Guide allowing for the use of a computerized
database in place of paper documents. All performance and financial reports,
including the final performance report but excluding the final financial report;
are du! within 30 days after the end of each quarter.

B. All performance reports shall be made by updating progress information
for each program using the Computerized Activities-Results List database.
Reports are due within 30 days after the end of each quarter including the
fourth and final. Each report incorporates and supersedes the report prior to
it. Any significant deviation of quantities completed from quantities expected
to be completed for an output requires a narrative explanation to facilitate
regional monitoring and technical assistance.

C. Financial reports shall use Standard Forms 269, 272, and 272 a. The final
financial report, as well as other closeout information (including lists of
publications produced and of Government-furnished property), is due within 90
days after the end of the Fiscal Year. If a program has an end date extended
later than the end of the Fiscal Year, then a supplement to the final financial
report must be submitted for that program within 90 days after the end of the
performance periOd.

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