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6.1.E. - Page 146 <br /> Paragraph 2. The reparts will be submitted q�arterly by the 15th day of the month <br /> electronicaily to the website specified by City's CDBGIHOME Program. The final <br /> report will be submitted no later than J�ne 15, 2413. If Cor�tractor fails to submit <br /> such quarterly reports on a timely basis, City may withhold payment of funds <br /> hereunder until all such delinquent reports ha�e been submitted. The repor�s will <br /> include #he total number of direct beneficiaries of the Project with demographic <br /> �nformation regarding incame, housel�old composition, ethnicity, age and other <br /> data as required by Ci�y ar the United States Department of Housing and Urban <br /> Development. <br /> 7. FINANCIAL STATEM�NT/ANALYSIS' fNDEPENDENT AUDIT. <br /> Contractor will make avaifable to C[ty, or the p�blic, upon requ�st, a financial <br /> statement and analysis {th� "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 expended to the date of such Accounting, In <br /> addition to the foregoing, Contractor wifl submit to City no later #}�an the en� of <br /> the Fiscal Year, and upon reasonable written rsquest by the CDBG/HOME <br /> Administrator, a copy of the Contractor's Financial Statement and/or Accounfing. <br /> 7he Accounting will be submitted with the final report referred to in Paragraph 6. <br /> If Contractor receives f�nding in excess af Five Hundred Thousand Dollars <br /> ($500,000) from a�l sources during the subject Fiscal Year, Can#ractor will <br /> pro�ide City with an in�ependent audit o# its activities for the term of this <br /> Agreement, conducted in accordance with the Single Audit Act of 1984, as <br /> amended, OMB Circular A-110 Uniform Requiremertts for Grants and �ther <br /> Agreements, as amended, and generally accepted auditing standards cavering <br /> financial and compliance audits. Annual audits will be submitted tn City with the <br /> final 4ih quarter prflgress report referred ta in Paragraph 6. <br /> ATTY/AGR/z01z.119/CQBG SAFE HARBOR SMELTER—SAMARI7AN HOUSE <br /> REV 08-3i-12 VR <br /> Page 3 of 15 <br />