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document Contractor's success in meeting the Project objectives referenced in <br /> Paragraph 2. The reports will be submitted electronically to the website specified <br /> by City's CDBG/HOME Program on a quarterly basis by the 15th day of the <br /> month. The final report will be submitted no later than July 15, 2015. If Contractor <br /> fails to submit such quarterly reports on a timely basis, City may withhold <br /> payment of funds hereunder until all such delinquent reports have been <br /> submitted. The reports will include the total number of direct beneficiaries of the <br /> Project with demographic information regarding income, household composition, <br /> ethnicity, age and other data as required by City ar the United States Department <br /> of Housing and Urban Development. <br /> 7. FINANCIAL STATEMENT/ANALYSIS' INDEPENDENT AUDIT. <br /> Contractor will, upon request, make available to City or the public a financial <br /> statement and analysis ("Accounting") setting forth in detail the manner in which, <br /> and the specific purposes for which, the funds paid by Contractor pursuant to this <br /> Agreement were expended up to the date of such Accounting. Contractor will, <br /> upon reasonable written request by the CDBG/HOME Administrator, submit to <br /> City a copy of the Contractor's Financial Statement and/or Accounting by no later <br /> than the end of the Fiscal Year. The Accounting will be submitted with the final <br /> report referred to in Paragraph 6. <br /> If Contractor receives funding in excess of Five Hundred Thousand <br /> Dollars ($500,�00)from all sources during the subject Fiscal Year, Contractor will <br /> provide City with an independent audit of its activities for the term of this <br /> Agreement, conducted in accordance with OMB Circular A-122 "Cost Principles <br /> for Non-Profit Organizations," OMB Circular A-133, "Audits of States, Local <br /> Governments, and Non-Profit Organizations," attachments to OMB Circular No. <br /> A-110, as set forth in 24 CFR Part 84 "Grants and Agreements with Institutions <br /> Higher Education, Hospitals, and Other Non-Profit Organizations," and generally <br /> REV:11-03-14 VR&RL <br /> Page 3 of 15 <br /> ATTY/AGR.2014.224/CENTER FOR INDEPEPENDENCE OF INDIVIDUALS WITH DISABILITIES/HAM <br />