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COMPENSATION AND PAYMENT SCHEDULE <br /> In full consideration for the services satisfactorily performed by the PROVIDER under <br /> this Agreement, the STATE agrees, subject to the receipt of federal funds under the <br /> Juvenile Justice and Delinquency Prevention Act of 1974, as amended, Public Law 93- <br /> 415, U.S.C. 5601, et. seq., Title V -Incentive Grants for Local Delinquency Prevention, <br /> Catalog of Federal Domestic Assistance No. 16.548, Federal Grant No. 02-JP-FX-0015 <br /> and, subject to allotments to be made by the Director of Finance, State of Hawaii, <br /> <br /> pursuant to Chapter 37, Hawaii Revised Statutes, to pay the PROVIDER a total sum of <br /> money not to exceed ONE HUNDRED THREE THOUSAND FIVE HUNDRED <br /> FIFTY AND NO/100 dollars ($103,550.00) for the Agreement period. <br /> 1. Method of Payment. Payments shall be paid in accordance with and subject to the <br /> following: <br /> a. Payments shall be made in monthly installments upon the monthly submission by <br /> the PROVIDER of invoices in triplicate for the services provided in accordance <br /> with Exhibit A, "Scope of Services," and in accordance with the costs identified <br /> in the Fiscal and Budget Information Attachment attached hereto as Attachment 1 <br /> and made a part hereof. The first payment shall be an advance installment of <br /> FIVE THOUSAND AND NO/100 dollars $5( ,000). The STATE shall withhold <br /> a final payment of approximately one-twenty first (1/21) of the total <br /> compensation until receipt of the final invoice and acceptance of the final written <br /> Program, Expenditure, and Match reports. <br /> b. The monthly installments after the initial installment made in advance shall be <br /> determined by the STATE on a cost reimbursable basis. After the First payment, <br /> the monthly invoices shall be based on expenditures actually incurred for the <br /> performance of the services required under this Agreement. Invoices, together <br /> with such supporting documents and progress reports of the performance of <br /> services that the STATE may require to be submitted by the PROVIDER, shall be <br /> reviewed by the STATE and shall be subject to the STATE's preliminary <br /> determination of appropriateness and allowability of the reported expenditures. <br /> The STATE's preliminary determination of appropriateness and allowability of <br /> the reported expenditures shall be subject to later verification and subsequent <br /> audit. <br /> a If an amount of reported expenditures is preliminarily determined by the STATE <br /> to be inappropriate and unallowable, the STATE may deduct an equivalent <br /> amount from the next payable installment and may withhold payment if reported <br /> expenditures are not part of the State-approved budget until later resolution of the <br /> discrepancy by audit or other means. If, after payment of the last monthly <br /> installment prior to final payment in final settlement, investigation and <br /> examination reveal additional expenditures that are determined by the STATE to <br /> be inappropriate and unallowable, the STATE may require that an equivalent <br /> Exhibit "B" <br /> Page 1 <br /> <br />