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XXXVIII. BOND A. At all times during the term of this Agreement SUBRECIPIENT shall maintain an employee dishonesty bond in an amount sufficient to hold SUBRECIPIENT harmless in the event of employee fraud or defalcation. Such bond shall insure SUBRECIPIENT against the loss of funds provided through this Agreement and the loss of client funds to which SUBRECIPIENT or its employees has access through the services provided through this Agreement. SUBRECIPIENT shall furnish evidence of having met this requirement upon request by COUNTY. B. SUBRECIPIENT shall comply with the bonding and insurance requirements of 24 CFR 84.31 and 84.48, Bonding and Insurance. XXXIX. BUDGET AND PERSONNEL SCHEDULES Programs paid under the unit of service reimbursement method of payment shall be exempt from the requirements of this section. 1. For each program funded by COUNTY, SUBRECIPIENT shall prepare a program budget and supporting personnel schedule and submit it to COUNTY for approval within 56 days after entering this agreement. SUBRECIPIENT agrees to submit its program budgets and personnel schedules on forms provided by COUNTY and according to guidelines provided by COUNTY. Program budgets and personnel schedules shall be considered approved when signed by both SUBRECIPIENT and COUNTY. Upon approval by COUNTY, both the program budget and personnel schedule shall be made a part of this Agreement. 2. Variances in any program account category (categories are: Personnel, Operating, Space, Special Costs, and Other Expense) in excess of $5,000.00 or 10%, whichever is less, shall not be allowed unless SUBRECIPIENT obtains prior written approval of COUNTY. 3. Funds allocated to each program must be used as allocated in accordance with the approved program budget and may not be transferred between programs without the advanced written agreement of COUNTY. 4. If there is a change in program funding under this Agreement, SUBRECIPIENT shall submit a revised budget and personnel schedule, unless waived in writing by COUNTY. 5. In performing services required under this Agreement, SUBRECIPIENT shall not exceed either the approved program budget or the staffing level indicated in the approved personnel schedule. XL. FINANCIAL MANAGEMENT A. SUBRECIPIENTS that are governmental entities (including public agencies) shall comply with the requirements and standards of 24 CFR 570.502, 24 CFR Part 570.610, OMB Circular No. A-87, 'Cost Principles for State, Local, and Indian Tribal Governments,' OMB Circular A-128 'Audits of State and Local Governments' implemented at 24 CFR Part 44, and the applicable portions of 24 CFR Part 85 'Uniform Administrative Requirements for Grants and Cooperative Agreements to State and Local Governments' or the related CDBG provision, as specified in 24 CFR Part 570.502. B. SUBRECIPIENTS, except SUBRECIPIENTS that are governmental entities, shall comply with the requirements and standards of 24 CFR 570.502, 24 CFR Part 570.610, OMB Circular A-122, 'Cost Principles for Non -Profit Organizations,' or OMB Circular A-21 'Cost Principles for Educational Institutions,' as applicable, and OMB Circular A-133, 'Audits of Institutions of Higher Education and Other Non -Profit Page 21