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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. Fora 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 <br />page 8 of 23 <br />P61 <br />