01 - ARPA Subrecipient Contract 0001 - Template, 12.02.21.doc

The document provides a comprehensive overview of the Subrecipient Agreement between the City of Fayetteville, AR and the Northwest Arkansas Council. It delves into financial responsibilities, audit requirements, monitoring, evaluation, compliance with federal regulations, program income, and more. Both parties are expected to adhere to strict guidelines for reporting, auditing, and financial management to ensure transparency and accountability. Additionally, the agreement covers aspects like performance term extensions, termination protocols, insurance obligations, and limitations on funding and reimbursements. It also addresses issues such as conflicts of interest, cooperation in monitoring and evaluation, program income utilization, and handling claims against the City.