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and for any and all wages, salaries, benefits and expenses due or owing thereto, and for any claims <br />or liability arising out of the employment thereof. <br />(c) City and Corporation, by one or more separate agreements, may arrange for City <br />officers and employees to perform services pertaining to Museum operations upon such terms and <br />conditions as may be mutually agreeable to the parties. The City Manager and the Museum <br />President are authorized to execute such agreements on behalf of City and Corporation. <br />§ 3.05 Exhibits and Materialsand Callentions <br />Corporation shall have full control over the custody, display, and storage and disposition of <br />exhibit items, collections, and research materials on the Premises or stored elsewhere for future use <br />on the Premises and shall bear sole responsibility for the protection of the same from damage, <br />destruction, theft or loss. Corporation shall likewise have control and responsibility for the interior <br />design and decoration of the buildings on the Premises as appropriate for the accommodation of <br />exhibits. <br />ARTICLE 4 <br />REPORTS AND RECORDS <br />AND COMPENSATION <br />§ 4.01 The Fiscal Year <br />Corporation's fiscal year shall be July 1 of each calendar year through June 30 of the <br />following calendar year. <br />§ 4.02 Annual Rndnet and Proo am�rt <br />At the time called for in §4.07(a), Corporation shall provide the City Manager with a copy <br />of a detailed operating budget showing expected sources of revenue and the nature of all expected <br />or proposed expenditures for the forthcoming fiscal year and a report on the proposed programs to <br />be undertaken by the Corporation in the said forthcoming fiscal year. Included therein shall be the <br />proposed maintenance and repair budget described in Section 4.07 for the purpose of allowing City <br />to determine the compensation to be paid to Corporation pursuant to said Section. <br />§ 4.03 Annual Financial Statem .nt nd Audit <br />Within one hundred twenty (120) days following the end of each fiscal year, Corporation <br />shall submit to the City Manager a complete statement of Corporation's revenues and expenditures <br />and a financial audit for the preceding fiscal year prepared by an independent certified public <br />accountant. <br />01 <br />