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b Once the work is completed, the Grantee/Recipient and the Subgrantee/Sub- <br /> recipient will conduct a final inspection to determine if the payments to the <br /> Subgrantee/Subrecipient were proper, if it is owed additional monies, or if it must <br /> submit repayment to the State for overpayment. <br /> c In the event that funds are owed to the State on any Federal grant, all payables <br /> are subject to be applied to any receivable until the total debt is satisfied <br /> d The amount which may be advanced may not exceed the expected cash needs of <br /> the Subgrantee/Subrecipient for the first three (3) months of the contract term, not <br /> to exceed the Federal share. <br /> e Advances <br /> i Payments under the Public Assistance Alternative Procedures Program <br /> (PAAP) are paid as an Advance Payment. Notwithstanding Paragraph "3) <br /> Funding," above, these payments are not bound by Section 216 181(16), <br /> Florida Statutes <br /> 1. The Grantee/Recipient must request a waiver from the State <br /> Comptroller each Fiscal year <br /> 2. For a federally funded contract, any advance payment is also <br /> subject to 2 C F R , federal OMB Circulars A-87, A-110, A-122, <br /> and the Cash Management Improvement Act of 1990 <br /> 3 All advances must be held in an interest-bearing account with the <br /> interest being remitted to the Grantee/Recipient as often as prac- <br /> ticable, but not later than ten (10) business days after the close of <br /> each calendar quarter <br /> 4 In order to prepare a Request for Advance (RFA) the Subgrantee/ <br /> Subrecipient must certify to the Grantee/Recipient that it has pro- <br /> cedures in place to ensure that funds are disbursed to project <br /> vendors, contractors, and subcontractors without unnecessary <br /> delay The Subgrantee/Subrecipient must prepare and submit a <br /> budget that contains a timeline projecting future payment schedules <br /> through project completion <br /> 5 A separate RFA must be completed for each Project Worksheet to <br /> be included in the Advance Funding Payment. <br /> 6 The Subgrantee/Subrecipient must complete a Request for <br /> Reimbursement (RFR) via FloridaPA.org no more than ninety (90) <br /> days after receiving its Advance Payment for a specific project. The <br /> RFR must account for all expenditures incurred while performing <br /> eligible work documented in the applicable Project Worksheet for <br /> which the Advance was received <br /> 7 If a reimbursement has been paid prior to the submittal of a request <br /> for an advance payment, an Advance cannot be accepted for <br /> processing <br /> PA Funding Agreement FEMA-4283-DR-FL page 8 of 23 <br />