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3 , ASSISTANCE AMOUNT - The DISTRICT shall contribute no more than Fifty percent 50 % of the PROJECT SPONSOR' S out- of- pocket costs for completion of this PROJECT ( " PROJECT AMOUNT " ) . Payment of funds by the DISTRICT to the PROJECT SPONSOR (the " ASSISTANCE AMOUNT " ) will be on a reimbursement basis only, and only for those authorized PROJECT COSTS as shown in Exhibit B and meeting the requirements of Paragraph 5 below and shall not, in any event, exceed $ 17 , 845 . 00 . 4 . MATCHING FUNDS - The PROJECT SPONSOR warrants and represents that it has the PROJECT SPONSOR Match Amount (the PROJECT AMOUNT less the ASSISTANCE AMOUNT) available for the completion of the PROJECT and shall , prior to the execution of this Agreement, have provided the DISTRICT with suitable evidence of the availability of such funds using DISTRICT Form # 95 - 01 (Exhibit C) , and including upon request, providing the DISTRICT with access to applicable books and records , financial statements , and bank statements . 5 . PROJECT COSTS - To be eligible for reimbursement under the Project Agreement, PROJECT COSTS must be necessary and reasonable for the effective and efficient accomplishment of the PROJECT and must be directly allocable thereto . PROJECT COSTS are generally described in Exhibit B . PROJECT COSTS must be incurred and work performed within the PROJECT period, with the exception of pre - agreement costs , if any, consistent with Paragraph 6 below, which are also eligible for reimbursement by the DISTRICT . 6 , PRE -AGREEMENT COSTS - The DISTRICT and the PROJECT SPONSOR fully understand and agree that there shall be no reimbursement of funds by the DISTRICT for any obligation or expenditure made prior to the execution of this Project Agreement unless previously delineated in Exhibit A , consistent with Exhibit B , and previously approved by the DISTRICT Board during the grant review process . 7 . REIMBURSEMENT PROCEDURES - PROJECT COSTS shall be reported to the DISTRICT and summarized on the Payment Reimbursement Request Form (Form # 90 - 14 ) attached as Exhibit D . Supporting documentation including bills and canceled payment vouchers for expenditures shall be provided to the DISTRICT by the PROJECT SPONSOR or LIAISON AGENT with any payment request . All records in support of the PROJECT COSTS included in payment requests shall be subject to review and approval by the DISTRICT or by an auditor selected by the DISTRICT . Audit expenses shall be borne by the PROJECT SPONSOR. 2