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AUTHORIZED USE of GRAN' PROCEEDS 2.01 A utho rued [uses; The Grantee is authorized to use the grant funds only in payment of the 1= item costs* with no greater than a ten percent(10%) variance from the budgeted line item cost, as specified in Exhibit B which is attached to and incorporated in this agreement. No other use Of grant funds is permitted. Grant funds may be used only for costs directly associated with grant project activities. Grant funds may be used to prepare the Work Plan req u i red by paragraph 5.01 of this grant agreement. 2.0 ed [uses of Grant Proceeds. Grant funds cannot be used to purchase land, buildings*or other interests in real property,or to pay overhead or indirect costs, legal fees, or permit, license}or other authorization fees, unless specifically approved in advance by the Council's Grant Manager. 2.03 Reversion of Unexpended Funds. All funds granted by the Council under this agreement that have not been expended for grant activities taking place during the Project Activity Period shall revert to the Council. 2.04 Project Equipment and Supplies. Grant funds may be used to purchase or lease equipment, machinery, supplies, or other personal property directly necessary to conduct the grant project. The Grantee will comply with the personal property management requirements described in paragraph 7.11 of this agreement. III, GRANT AMOUNT AND DISTRIBUTION 3,01 Total Grant Amount. The Council shall pay to the 'grantee a Total Grant Amount of 35,000. In no event will the Council's obligation under this agreement exceed the Total Grant Amount of$35,000. The Council shall hear no responsibility for cost overruns which may be incurred by the Grantee in performance of the grant project. 4 3.02' .0 Distribution of Grant Funds. Grant funds will be distributed by the Council as follows a. Along with each quarterly report as provided in section 5.02, Grantee shall submit a reimbursement request for all expenditures made during the quarter in accordance with the grant project. The reimbursement request must include documentation evidencing the expenditures, as described in paragraph 4.01. b. Reimbursable expenditures include only: 1. Direct staff costs figured on the current hourly rates of pay for all personnel empl cry e d by the Grantee in providing services for the grant project for the hours actually worked and paid to the personnel; and an amount in compensation for s LIc h employees' fringe benefits attributable and allocable to such hours. 2. Costs for cqu ipment, supplies, and subcontracted services used in the grant project. Such equipment, supplies} and services roust be obtained through competitive quotes, competitive bidding, or other competitive process that gives assurance that the costs incurred are reasonable. r _2_ ,