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1.5 QUARTERLY PROGRESS REPORTS <br />On a quarterly basis, MRC shall provide the City with audit progress <br />reports to include, but not be limited to, the following: <br />■ Status of audit work in progress, including copies of reports <br />provided to taxpayers/intermediaries addressing each reporting <br />error/omission individually, including where applicable the <br />business name, address, telephone number, account identification <br />number, individuals contacted, date(s) of contact, nature of business, <br />reason for error,/omission and recommended corrective procedure <br />■ Actual revenue produced for the City by MRC's audit service on a <br />quarterly and cumulative basis <br />■ Projected revenue forthcoming to the City as a result of MRC's audit <br />service, delineated according to source, timing and one-time versus <br />ongoing <br />■ Alphabetical listing of all errors/omissions detected for the City by <br />MRC including, for each, the account number, correction status, <br />payment amount received by the City, period to which payment is <br />related and payment type (e.g., reallocation, deficiency assessment, <br />etc.) <br />6 <br />