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(b) Ci_,, shall also be entitled -ring the Term and for a period of one year thereafter, but not more frequently than once in any one-year period, to an independent audit of Corporation's books, statements, records and supporting documents. Any such audit shall be at City's expense and shall be conducted during normal business hours at the location where Corporation's records are maintained. § 4.07 Operational Cost Compensation In consideration of Corporation's services in operating the museum on the Premises pursuant to this Agreement, City agrees to provide funding annually to Corporation to assist in defraying Corporation's operational costs during the Term. The amount of such funding shall be determined each fiscal year by the City Council in accordance with the formulas set forth herein below. During the first ten (10) fiscal years of the Term (com- mencing with fiscal year 1987-88) such amount shall not be less than that amount which, when added to the City's cost of providing City personnel pursuant to sections 6.01 and 6.02, equals the amount of the approved budget for the "O.C. Bowers Museum District" in the City's 1986-87 annual general fund budget as adjusted each fiscal year by the Cost of Living Adjustment. During the next ten* (10) fiscal years of the Term, the minimum amount of annual City funding shall be equal to the Tenth Year Base Amount ad- justed downward in each successive fiscal year by ten percent (10%) of the Tenth Year Base Amount. As used herein "Tenth Year Base Amount" means the minimum required City funding in the tenth fiscal year of the Term. In each fiscal year, once the amount of the annual funding has been determined by the City Council, it shall be paid to Corporation in equal monthly installments, unless an alternative manner of payment is mutually agreed 12. - - 082 12A