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6.1.E. - Page 72 <br /> Paragraph 2. The repor�s will be submitted quarterly by the 15t�' day of the n-EOnth <br /> electronically to the w�bsite specified by City's CDBGIHOME Program. The final <br /> repart will be submitted no lat�r than June 15, 2013. If Cor�tractor faifs to submit <br /> such quarteriy reports on a timely basis, City may withhold payment af funds <br /> hereunder until all such delinquent reports F�ave been su�mitted. The repnrts will <br /> include the total number of direct beneficiaries of the Project with demagraphic <br /> infarmation regarding income, household composition, ethnicity, age and ather <br /> data as required by City or the United States Department of Housing and Urbar� <br /> Development. <br /> 7. FINANCIAL STATEMENTIANALY5�5� 1NDEPENDENT AUDlT. <br /> Cantractor will make a�aifable to City, ar the public, upan request, a financial <br /> statement and analysis {the "Accounting") setting forth in detail the manner in <br /> which, and the specific purposes for which, the funds paid by Contractor <br /> pursuant to this Agreement were �xpended to the date of such Accounting. In <br /> addition ta the foregoing, Contractor will submit to City no later than the end of <br /> #he Fisca� Year, and upon reasonable written request by the CDBGIHOME <br /> Administrator, a copy af the Contractor's Financial Statement andlor Accounting. <br /> The Accountir�g will be submitted with the finaf report referred to in Paragraph 6. <br /> If Contractor receives funding in excess of �ive hiundred Thousand Dollars <br /> ($500,000) from all saurces during the subject Fiscal Year, Corrtractor wiil <br /> pro�ide City with an independent audit of its acti�ities for the term of this <br /> Agreement, conducted in accordance with the Si�gle Audit Ac# of 1984, as <br /> amended, OMB Circular A�110 Uniform Requiremer�ts for Grants and Other <br /> Agreements, as amended, and generally accepted auditing standards covering <br /> financia! and compliance audits. Annua! audits will be submi#tecf ta City with the <br /> final 4th quarter progress report referred ta in Paragraph 6. <br /> ATTYlAGRI2012.127lCDGB NU7RI7iON AND TRANSPORTATfON S�RV FAfR OAKS A�ULT ACTIVlTY GENTER <br /> REV:09-05-92 VR <br /> Page3of15 <br />