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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />of the Program Income from the responsible State and /or Federal agency and <br />provides CONTRACTOR with prior written approval for the use of the funds. <br />23.6 ADMINISTRATOR may, in its sole discretion, issue future policy <br />statements and /or instructions with respect to Program Income. CONTRACTOR <br />shall immediately comply with such policy statements and /or instructions. <br />24. FINAL REPORT <br />CONTRACTOR shall complete and submit to ADMINISTRATOR a final report <br />within sixty (60) days after the termination of this Agreement, which shall <br />summarize the activities and services provided by CONTRACTOR during the term <br />of this Agreement, CONTRACTOR and ADMINISTRATOR may mutually agree in writing <br />to modify the date upon which the final report must be submitted. <br />25. INDEPENDENT AUDIT <br />25.1 CONTRACTOR shall employ a licensed certified public accountant who <br />shall prepare and file with ADMINISTRATOR an annual organization -wide audit of <br />related expenditures during the term of this Agreement in compliance with the <br />OMB Circular A -133, Audits of States, Local Governments and Non - Profit <br />Organizations. The audit must be performed in accordance with generally <br />accepted government auditing standards and OMB Circular A -87. <br />25.2 It is mutually understood that CONTRACTOR's organization -wide <br />audit covers fiscal years beginning July 1 and ending June 30. CONTRACTOR <br />agrees to provide ADMINISTRATOR with a copy of its organization -wide audit for <br />the period July 1, 2011, through June 30, 2012, by August 30, 2012. <br />CONTRACTOR further agrees to provide ADMINISTRATOR with copies of its <br />organization -wide audits for the period July 1, 2012, through June 30, 2013, <br />by August 30, 2013. Failure to provide a copy of the organization -wide <br />audits, for the period March 7, 2012, through June 30, 2013, shall be <br />sufficient cause for ADMINISTRATOR, in its sole discretion, to deny payment <br />under this or any subsequent Agreement with CONTRACTOR until such time as the <br />(WAM0811) <br />26 of 40 (December 22, 2011) <br />all: :� <br />