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6.1.E. - Page 28 <br /> Paragraph 2. The reports wifl be su�mitted quarterly by the 15th day of the month <br /> electronically to the website specified by City's CDBGIHOME Pragram. The final <br /> report will be submitted no later than June 15, 2Q13. If Cantractor fails to submit <br /> such quarterly reports on a timely basis, City may withhold payment of funds <br /> hereunder until all such delinquen# reports have been submitted. The reports will <br /> include the total number of direct ben�ficiaries of the Project with demographic <br /> information regardfng income, household composition, ethnicity, age and other <br /> data as required by City or the United States Department af Housing and Urban <br /> De�elopment. <br /> 7. FINANCIAL STATEM�NTIANALYSIS� �NDEPENDENT AUDIT. <br /> Contractor wili make available to City, or the public, upon request, a fr�ancial <br /> statement and analysis {the "Accounting") setting forth in detail the manner in <br /> which, and #h� specific purpases for which, the funds paid by Contractor <br /> pursuant to this Agreement were exp�nded to the date of such Accounting. In <br /> addition to the foregoing, Contractor wilf submit to City na later tl�an the end of <br /> the Fiscal Year, and upon reasonable written reguest by the CDBGIHOME <br /> Administrator, a copy of the Contractor's Financial Statement andlor Accounting. <br /> The Accounting will be submitted with the finaf report referred to in Paragraph G. <br /> If Contractnr recei�es funding in excess of Five Hundred Thousand Doliars <br /> ($500,000) from all so�rces during #he subject Fiscal Year, Contractor wiil <br /> pro�ide City with an independent audit of its acti�ities for the term of this <br /> Agreement, conducted in accordance with fhe Single Audit Act of 1984, as <br /> amended, OMB Circular A-110 Uniform Requirements for Grants and Other <br /> Agreements, as amended, and generafly accepted auditing standards co�ering <br /> financial and campliance audits. Anr�ual audits will be submitted to City with the <br /> final 4th quarter progress report referred #o in Para�raph 6. <br /> ATTY/AGR/2q12.12p/CPBG CORA EMERGENCY SHELTER PROGRAM <br /> REV:08-31-12 Vf2 <br /> Page 3 of 25 <br />