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<br />6. /F-,ef' <br /> <br />auditing standards covermg financial and compliance audits. <br /> <br />Annual audits will be <br /> <br />submitted to City with the end of the year annual report pursuant to paragraph 6. <br /> <br />8. Citv Audit: Monitorin!!. City may audit the records and accounts of <br /> <br />Contractor for the purpose of verifying expenditures by Contractor of funds provided by <br /> <br />this Agreement of verifying statements or analyses made or provided by Contractor under <br /> <br />this Agreement. Contractor will respond to, and comply with, any audit exception made <br /> <br />or taken by City or appropriate federal agencies relating to Contractor's performance or <br /> <br />failure to perform under this Agreement Contractor will pay City the full amount owing <br /> <br />to City or to the United States Government as a result of any such audit exception. <br /> <br />City will monitor Contractor's Program and expenditures made pursuant to this <br /> <br />Agreement quarterly to verify Contractor's compliance with this Agreement and local <br /> <br />federal contract requirements. <br /> <br />9. Termination. Either party may terminate this Agreement without cause at any <br /> <br />time during the term hereof by giving the other party not less than thirty (30) days' prior <br /> <br />written notice of such termination. In the event of such termination, Contractor will <br /> <br />submit a final invoice for any expenditures incurred to the date of termination. <br /> <br />Contractor will submit to City a final report of activities funded hereunder within thirty <br /> <br />(30) days from the date of termination. <br /> <br />Notwithstanding the foregoing, City may terminate this Agreement, by giving <br /> <br />Contractor not less than five (5) days' prior written notice, upon the occurrence of any of <br /> <br />the following: <br /> <br />(a) <br /> <br />Federal Community Development Block Grant funds cease, for <br /> <br />any reason, to be available to City; or <br /> <br />8130/05 km <br /> <br />4 <br />