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Page 5 2. The semi-annual report shall be due on the 15th day of the month immediately following the reporting period. C. The City shall have ultimate responsibility for overall project monitoring and evaluation, to assist the Contractor in complying with the scope and content of this Agreement, and to provide information which will assist the City's policy- and decision-makers and managers. D. The Contractor shall follow the audit requirements of the Single Audit Act and 2 CFR part 200, Section 200.500 et. seq. Subpart F – Audit Requirements.. 1. 2 CFR Section 200.500 et. seq. requires that all recipients and subrecipients of Federal financial assistance of $750,000 or more in a fiscal year shall have an audit performed in accordance with 2 CFR Section 200.500 et. seq.. It is the duty of the City to review the audit for compliance with the requirements of 2 CFR Section 200.500 et. seq... 2. The Contractor must submit to the City by June 30 and December 31 of each year a summary list of all Federal financial assistance received or scheduled to be received by the Contractor during the Contractor's fiscal year. VII. PROGRAM INCOME A. Program income shall be recorded as part of the financial transactions of the grant program and shall be disbursed in accordance with 2 CFR part 200, 200.300 et. seq. Subpart D – Post Federal Award Requirements, see Section 200.307 Program Income, with prior approval or consent of the City. B. Program income received by the Contractor shall be returned to the City for future application to Contractor projects. VIII. UNIFORM ADMINISTRATIVE REQUIREMENTS The Contractor shall comply with 2 CFR part 200, unless exceptions set forth in 24 CFR 570.502 apply. IX. RELIGIOUS ACTIVITY PROHIBITION There shall be no religious worship, instruction, or proselytization as part of, or in connection with, the performance of this Agreement. X. REVERSION OF ASSETS A. Upon the expiration of this Agreement, the Contractor shall transfer to the City any HHSG funds on hand at time of expiration and any accounts receivable attributable to the use of HHSG funds. B. Real property in excess of $25,000, obtained in whole or in part with HHSG funds, must be used to meet one of the national objectives for a minimum of five years after the expiration of this Agreement or disposed of in a manner that results in the City being reimbursed at fair market value less the value attributable to non- HHSG expenditures. Docusign Envelope ID: CC9DBC35-27A8-4ADD-A4BD-F9998ECBD23A