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A TRUE COPY <br /> CERTIFICATION ON LAST PAGE <br /> J , K . BARTON , CLERK <br /> IV . The responsibilities of the County are : <br /> a . To submit grant applications for Section 5307 and Florida Public Transit <br /> Block funds : <br /> In July of each year, the County will coordinate with the SRA to project capital <br /> and operating funding needs for the following fiscal year . Using that information <br /> and other data provided by the SRA, the County will prepare and submit grant <br /> applications for FTA Section 5307 grant funds and Florida PTBG funds . The <br /> County also agrees to provide, on an annual basis, matching funds for mass transit <br /> purposes . <br /> b . To administer and manage Section 5307 and PTBG funds : <br /> The County will prepare and submit all applicable quarterly progress reports , <br /> financial status reports , invoices, requisitions , and closeout reports for Section <br /> 5307 and PTBG funds . These submittals will be based on information provided <br /> to the County by the SRA . The County agrees to reimburse the SRA within 30 <br /> days of receipt of the SRA ' s accurate monthly invoice for mass transit funding . <br /> The County may at the County ' s option provide funding on an advance basis . <br /> This advance will be provided in monthly draws equal to 1 / 12 `h of the annual <br /> operating budget paid in advance on the first day of each month . <br /> C . To maintain an accurate inventor of capital equipment urchased with Section <br /> 5307 funds : <br /> As the designated recipient of Section 5307 funds , the County will take title to all <br /> rolling stock and other capital items purchased with Section 5307 grant funds . <br /> Consistent with its approved procedures, the County will tag all capital assets and <br /> add each asset to its fixed assets inventory records . These records will be <br /> maintained and updated as necessary . An inventory of all SRA Section 5307 <br /> capital purchases will be conducted at least biennially . <br /> d . To perform regular vehicle maintenance on SRA vehicles <br /> The County will perform all preventive maintenance as scheduled and in <br /> conformance with the Indian River County Transit Vehicle and Accessibility <br /> Feature maintenance plan . <br /> e . To provide assistance to and oversight of SRA ' s transit activities <br /> The County will meet with the SRA on a quarterly basis to discuss transit system <br /> operations issues , including system performance , status of Section 5307 and <br /> PTBG funds utilization, other budget matters , federal requirements , routes , <br /> ridership , problems, opportunities, and other issues . Meetings will be held on the <br /> last Wednesday in the months of January , April , July and October . Besides <br /> Indian River County Mass Transit Service Agreement Page 2 <br />