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The County will prepare and submit all applicable quarterly progress reports, <br />financial status reports, invoices, requisitions, and closeout reports for Section <br />5307, PTBG, and other grant funds. These submittals will be based on <br />information provided to the County by the SRA, The County agrees to reimburse <br />the SRA within 30 days of receipt of the SRVI. accurate monthly bmice for <br />public transportation funding. The County may at the County's option provide <br />funding on an advance basis. This advance will be provided in monthly draws no <br />more than 1/12* of the annual operating budget paid in advance on the first day of <br />each month. <br />C. To m&Wn an accurate nventoa of +capital equipment purchased 31ft.12gfiN <br />5347. PTBG, and other grant <br />For capital equipment purchased with grant program fimds for whith, the County <br />is the designated recipient, such as Section 3307, the County will take title to all <br />rolling stock and ether capital items purchased with those grant funds, +Ctmsistent <br />with its approved procedures, the County will tag all capital assets and add each <br />asset to its fixed assets inventory records. These records will be maintained and <br />updated as necessary. An inventory of all SRA: -Section $3011 an.0`mer grant <br />program capital purchases will be conducted.at West biennially. <br />d. To arrovi assistance to and oversight cif SRA's Public Transportation activities: <br />�- <br />The County will meet with the SRA on a quarterly basis to discuss transit system <br />operations issues, including system performance, status of grant funds utilization, <br />other budget matters, federal requirements, routes, ridership, problems, <br />opportunities, and other issues. M x -,rings will be held on the last Wednesday in <br />the months of January, April, July and October, or as mutually agreed upon. <br />Besides attending quarterly meetings, County stair will be available to assist the <br />SRA with any transit planning, budget, grant administration, or other issues. <br />The County will oversee the SRA's public transportation program as specified in <br />this Agreement and as otherwise necessary to ensure that the SRA complies with <br />Indian River County Public Transportation Service Agreement Page 2 <br />131 <br />