Agmt16 CDBG Rebuilding Together Peninsula - Safe at Home

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funds hereunder until all such delinquent reports have been submitted . The reports will include the total number of direct beneficiaries of the Project with demographic information regarding income, household composition , ethnicity, age and other data as required by City or the United States Department of Housing and Urban Development. 7 . FINANCIAL STATEMENT/ANALYSIS; INDEPENDENT AUDIT. Contractor will , upon request, make available to City or the public a financial statement and analysis ("Accounting") setting forth in detail the manner in which , and the specific purposes for which , the funds paid by Contractor pursuant to this Agreement were expended up to the date of such Accounting . Contractor will , upon reasonable written request by the CDBG/HOME Administrator, submit to City a copy of the Contractor's Financial Statement and/or Accounting by no later than the end of the Fiscal Year. The Accounting will be submitted with the final report referred to in Paragraph 6. If Contractor receives funding in excess of Five Hundred Thousand Dollars ($500, 000) from all sources during the subject Fiscal Year, Contractor will provide City with an independent audit of its activities for the term of this Agreement, conducted in accordance with OMB Circular A-122 "Cost Principles for Non-Profit Organizations," OMB Circular A-133, "Audits of States, Local Governments, and Non-Profit Organizations, " attachments to OMB Circular No. A-110, as set forth in 24 CFR Part 84 "Grants and Agreements with Institutions Higher Education , Hospitals, and Other Non-Profit Organizations," and generally accepted auditing standards covering financial and compliance audits . Annual audits will be submitted to City with the final 4th quarter progress report referred to in Paragraph 6 . 8. CITY AUDIT; MONITORING . City may audit the records and accounts of Contractor for the purpose of verifying expenditures by Contractor of funds AI IY/AGR/2016.266/REBUILDING TOGETHER — SAFE AT HOME - CDBG REV: 09-22-16 RL Page 3 of 15