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ARTICLE 4. COMPENSATION <br />The actual cost to Notre Dame, for the performance of this work shall not, without the prior <br />written consent of Notre Dame, exceed the estimated cost of Five Hundred Thousand Dollars <br />($500,000) in accordance with the attached detailed budget (Exhibit B-1) and construction <br />schedule (Exhibit C). No Indirect costs are included in this award. Notre Dame shall not be <br />obligated to reimburse subgrantee for any costs incurred in excess of the amount specified herein <br />unless this Agreement is modified in writing. All payments shall be considered provisional and <br />subject to adjustment within the total cost established by this agreement, in the event that subject <br />adjustment is necessary as a result of Internal University audit or audit by the Endowment. <br />ARTICLE 5. ALLOWABLE COSTS AND PAYMENT <br />All costs incurred by subgrantee shall be reasonable, allocable, and allowable in accordance with <br />generally accepted accounting principles, procedures and other applicable regulations. <br />Subgrantee agrees to be soley responsible for any expenditures made by it and disallowed by the <br />Endowment and further agree to reimburse Notre Dame for any costs so disallowed. Allowable <br />costs shall be paid in response to the distribution schedule and draw voucher (Exhibit B-2) <br />submitted not less frequently than quarterly. A final voucher must be received within 30 days of <br />the termination date of this Agreement and clearly marked with the words "Final Draw." <br />The use of subgrant funds is restricted solely to the purpose of the subgrant and should be so <br />designated on subgrantee accounting and financial records. Under no circumstances may grant <br />funds be expended, borrowed (inter -fund), pledged or transferred for reasons unassociated with <br />the stated purpose of this subgrant. For purposes of controlling and reporting on the receipt and <br />disbursement of subgrant funds, subgrantee accounting records should be structured so that such <br />transactions are easily and readily identifiable. <br />All corres op ndenop ndence and Vouchers should reference UND Account #262645 and be sent to: <br />Charlene Malott <br />Research & Sponsored Programs Accounting <br />801 Grace Hall <br />University of Notre Dame <br />Notre Dame, IN 46556-5612 <br />Phone: (574) 631-7067 Fax: (574) 631-4983 Email: cmalott@nd.edu <br />