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submitted on forms provided by City's Human Services Manager. The annual report will <br />be submitted no later than July 30, 2003, together with the fourth quarter Program <br />progress report. <br /> <br /> 7. FINANCIAL STATEMENT/ANALYSIS; INDEPENDENT AUDIT. Contractor <br />will make available to City, or the public, upon request, a financial statement and <br />analysis setting forth in detail the manner in which, and the specific purposes for which, <br />the funds paid hereunder were expended to the date of such accounting. In addition to <br />the foregoing, and in any event, Contractor will submit to City no later than July 30, <br />2003, a copy of the agency or Program's financial statement. Said statement will be <br />submitted with the end of the year annual report pursuant to Paragraph 8. <br /> <br /> Contractor will provide City with a copy of its most recent independent audit <br />conducted in accordance with the Single Audit Act of 1984, OMB Circular A-110 <br />Uniform Requirements for Grant and Other Agreement and generally accepted auditing <br />standards covering financial and compliance audits. Audit will be submitted to the City <br />with the end of the year annual report pursuant to Paragraph 6. <br /> <br /> 8. CITY AUDIT; MONITORING. City may audit the records and accounts of <br />Contractor for the purpose of verifying expenditures by Contractor of funds provided <br />hereunder or verifying statements or analyses made or provided by Contractor <br />hereunder. Contractor will respond to, and comply with, any audit exception made or <br />taken by City relating to Contractor's performance or failure to perform hereunder. <br />Contractor will pay City the full amount owing to City as a result of any such audit <br />exception. <br /> <br /> City will monitor Contractor's Program and expenditures made pursuant to this <br />Agreement quarterly to verify Contractor's compliance with this Agreement and local <br />contract requirements. <br /> <br /> 9. TERMINATION. Either party may terminate this Agreement without cause <br />at any time during the term hereof by giving the other party not less than thirty (30) <br /> <br /> 3 <br /> <br /> <br />