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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 />25.2 It is mutually understood that CONTRACTOR's yearly fiscal cycle <br />covers July 1 through June 30. CONTRACTOR shall provide ADMINISTRATOR copies <br />of organization -wide audits for each of the fiscal cycles corresponding with <br />the term of this Agreement. CONTRACTOR shall provide each audit within <br />fourteen (14) calendar days of CONTRACTOR's receipt. Failure of CONTRACTOR to <br />comply with this Paragraph shall be sufficient cause for ADMINISTRATOR to deny <br />payment under this or any subsequent Agreement with CONTRACTOR until such time <br />as the required audit(s) are provided to ADMINISTRATOR. ADMINISTRATOR may <br />modify CONTRACTOR's audit submission deadline upon notice to CONTRACTOR. <br />26. RECORDS, INSPECTIONS AND AUDITS <br />26.1 Financial Records: <br />26.1.1 CONTRACTOR shall prepare and maintain accurate and <br />complete financial records. Financial records shall be retained, by <br />CONTRACTOR, for a minimum of five (5) years from the date of final payment <br />under this Agreement or until all pending COUNTY, State and Federal audits are <br />completed, whichever is later. <br />26.1.2 CONTRACTOR shall establish and maintain reasonable <br />accounting, internal control and financial reporting standards in conformity <br />with generally accepted accounting principles established by the American <br />Institute of Certified Public Accountants and to the satisfaction of <br />_11]711►1[Il1:7_1C1l7 <br />26.2 Client Records: <br />26.2.1 CONTRACTOR shall prepare and maintain accurate and <br />complete records of clients served and dates and type of services provided <br />under the terms of this Agreement in a form acceptable to ADMINISTRATOR. <br />26.2.2 All client records related to services provided under the <br />terms of this Agreement shall be retained by CONTRACTOR for a minimum of five <br />(5) years from the date of final payment under this Agreement or until all <br />(WRR0415) <br />27 of 39 <br />25C -29 <br />(April 7, 2015) <br />