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iv) For each Assisted Unit, the unit size, household size, household <br />income, income limits for a qualifying lessee, maximum affordable rents <br />for a qualifying lessee, utility allowance, and total monthly rent; <br />v) Evidence that the income for each tenant of an Assisted Unit does <br />not exceed the maximum income for a qualifying lessee; <br />vi) The total number of units that are occupied by staff, if any; <br />vii) Such other information as may be reasonably required by City to <br />determine compliance with the terms of this Agreement. <br />8. FINANCIAL STATEMENT/ANALYSIS;INDEPENDENT AUDIT. Contractor <br />will make available to City, orthe public, upon request, an audited financial statement and <br />analysis (the "Accounting") setting forth in detail the manner in which, and the specific <br />purposes for which, the funds paid by Contractor pursuant to this Agreement were <br />expended to the date of such Accounting. In addition, for a period equal to the Loan Term <br />plus five years, Contractor will submit to City no later than 120 days following the end of <br />each fiscal year, and otherwise upon reasonable written request by the Housing & Grants <br />Manager, a copy of the Contractor's audited financial statements and/or Accounting. The <br />Accounting will first be submitted with the initial report referred to in Section 7. <br />9. CITY AUDIT; MONITORING. City may audit the records and accounts of <br />Contractor for the purpose of verifying expenditures by Contractor of funds provided by <br />City pursuant to this Agreement or verifying statements or analyses made or provided by <br />Contractor under this Agreement. Contractor will promptly respond to, and comply with, <br />any audit exception made or taken by City relating to Contractor's performance or failure <br />ATTY/AGR/2018.027/MIDPEN MOSAIC GARDENS (ATHERTON COURT) <br />REV: 02-22-181S <br />Page 8 of 41 <br />