Specifications include, but are not limited to: • The contractor will establish and manage a segregated account for each source of funding administered that is designated solely for that funding source. Awardee will disburse funds from the Account only in furtherance of Ceasefire Detroit as implemented by the Department and in accordance with the City of Detroit approved budget and in accordance with the terms of any affiliated grants, such as for the following purposes: (i) payment of Vendors and contractual staff, (ii) payment of other expenses that are necessary or convenient for implementation of the Project, and (iii) distribution of allocations due to the Awardee for its fiscal sponsorship activities, all in accordance with the terms of individual grant awards. • The contractor will be required to prepare monthly financial status reports (FSRs) that provide detail and a summary of expenditures and revenues for the month, for the program. The FSRs must be prepared by the Contractor and submitted to the Director of Public Health Programs by the 10th day of the following month. • The contractor will solicit bids from, enter into contracts with, and manage financial transactions & reporting requirements with third party vendors and research partners / evaluators to provide goods and services as may be necessary or convenient for implementation of Ceasefire Detroit per the Department. Such activities will be conducted in accordance with Contractor’s standard bidder selection and contract authorization procedures. The Department will always make the final selection of vendors providing goods and services as well as approve all contract language before any contracts are executed. • The contractor will enter into contracts with staff hired for Ceasefire Detroit, process payroll, and provide paychecks to hired contractual staff. The Department will make final selection of individuals for hire and provide day-to-day management of employees (e.g., provide direction, collect timesheets, disciplinary action, etcetera) and awardee will process payroll based on information provided by the Department. • The Contractor and the Department will meet quarterly, at their mutual convenience, to review the progress of each Party’s activities, to coordinate further activities related to the program necessary, and to discuss other relevant issues that may arise. The contractor will also be expected to meet at the request of the Department or other City of Detroit agencies as needed in addition to the required quarterly meetings. • The Contractor will maintain, and will request that the Contractor’s Vendors maintain, information pertinent to its activities under Ceasefire Detroit for at least four (4) years following the conclusion, or earlier termination, of a contract for services between the contractor and the City of Detroit, but in no case for less time than may be required to maintain compliance with Applicable Laws and the requirements of funding organizations. • The Detroit Health Department estimates it will obtain $750,000 of funds requiring fiduciary services on an annual basis. The annual funding amount may fluctuate from year to year depending on budget priorities and approvals. Fiduciary services, once funds are secured, are for the full term of the Service Contract (three years).