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6.1.E. - Page 94 <br /> Paragraph 2. The reports will be submitted quarterly by the 15fh day of the month <br /> electranically to the website specified by City's CDBGIHOME Program. The fnal <br /> report will be submitted no later than June 15, 2013. If Contractor fails to submit <br /> such quarterly reports on a timely basis, City may wfthhofd payment of funds <br /> hereunder until all such delinquent reports ha�e been submitted. The repa�ts will <br /> include the total nUmber of direct beneficiaries of the Project with demographic <br /> Fnformation regarding incame, household camposition, ethnicity, age and other <br /> data as required by City or #he United States Department of Housing and Urban <br /> Development. <br /> 7. FINANCIAL STATEMENTIANALYSIS: INDEPENDENT AUDIT. <br /> Cnntractor wifl make available to City, or the �ublic, upon rec�uest, a financial <br /> statement and analys�s (the "Accot�nting") setting forth in detail t�e manner in <br /> which, and the s�ecific purposes for which, the funds paid by Contractor <br /> pursuant to this Agreement were expended to the date of such Accounting. In <br /> additian to the foregoir�g, Contractor will submit to City �o later than the �nd of <br /> the Fiscaf Year, and upan reasonable written request by the CDBGIHOME <br /> Administrator, a copy of the Contractor's Financial Statement and/or Accounfing. <br /> The Accounting wifl be submifted with the final report referred #o in Paragraph �, <br /> If Contractor receives f�nding in excess af Five Hundred Thousand Dollars <br /> ($500,000) from all sources during the subject �iscal Year, Contractor will <br /> pro�ide City with an independent audit of its activities for #he term of this <br /> Agreement, cand�cted in accordance with the Single Audit Act of 1984, as <br /> amended, OMB Circular A-1'f0 Uniform Requirements #or Grants and Oth�r <br /> Agreements, as am�nded, and generafly accepted au�itir�g standards coveri�g <br /> financia! and campliartce audits. Annual audits will �e submitted to City with th� <br /> finaf 4th quarter pragress report referred to in Paragraph �. <br /> ATTYIAGRI2012.124ICDBG FAIR HOUSING <br /> REV.09-fl5-12 VR <br /> Page 3 of 15 <br />