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extraordinary rate adjustment request, billing audit, Franchise Fee audit, or verification <br />of other information required under this Agreement. <br />The financial statements and footnotes shall be prepared in accordance with Generally <br />Accepted Accounting Principles (GAAP) and audited, in accordance with Generally <br />Accepted Auditing Standards (GAAS) by a certified public accountant (CPA) licensed <br />(in good standing) to practice public accounting in the State of California as determined <br />by the State of California Department of Consumer Affairs Board of Accountancy. The <br />cost for preparation of the financial statements and audit shall be borne by Contractor <br />as a direct cost of service. In addition, Contractor shall provide to City the <br />supplemental schedule on a compiled basis showing Contractor's results of operations, <br />including the specific revenues and expenses in connection with the operations <br />provided for in this Agreement, separated from others included in such financial <br />statements. <br />At City's request, Contractor shall provide City with copies of working papers or other <br />documentation deemed relevant by City relating to information shown in the disclosure <br />letter. The disclosure letter shall be provided to City. <br />8.4 Reporting Adverse Information <br />Contractor shall provide City two copies (one to the Executive Director, one to the City <br />Attorney) of all reports, pleadings, applications, notifications, Notices of Violation, <br />communications or other material relating specifically to Contractor's performance of <br />services pursuant to this Agreement, submitted by Contractor to, or received by <br />Contractor from, the United States or California Environmental Protection Agency, <br />CalRecycle, the Securities and Exchange Commission or any other federal, state or local <br />agency, including any federal or state court. Copies shall be submitted to City <br />simultaneously with Contractor's filing or submission of such matters with said <br />agencies. Contractor's routine correspondence to said agencies need not be routinely <br />submitted to City, but shall be made available to City promptly upon City's written <br />request. <br />8.5 Right to Inspect Records <br />City shall have the right to inspect or review the specific documents or records required <br />expressly or by inference pursuant to this Agreement, or any other similar records or <br />reports of Contractor or its related party entities that City shall deem, in its reasonable <br />March 9, 2020 107 City of Santa Ana - DRAFT <br />60A-196 <br />