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April 1, July 1, and October 1) for a total of $100,000 of DMF per year. If the first day of the <br />quarter falls on a weekend, holiday, or other day in which City Hall is closed, then said deposit <br />shall be made the next day City Hall is open. <br />(f) The City upon depositing DMF monics shall notify DTI by electronic mail of the net <br />amount of funds deposited to DTI. Failure by DTI to receive or acknowledge electronic mail <br />notification shall not constitute a breach of this Agreement. <br />(g) All DMF expenditures must be for the purposes identified in the Downtown <br />Enhancements and Parking Modernization Plan, and must be sufficiently documented by <br />accompanying receipts, purchase invoices, or other permanent evidences of expenditure as may <br />be prudently required by the City in accordance with Generally Accepted Accounting Principles <br />and established City accounting procedures. If DTI expends any DMF money for unauthorized <br />purposes, the City may, at its sole option, deduct the disputed amount from any future DMF <br />payments to DTI, or may terminate the Agreement pursuant to the terms of section 4.05. <br />(h) In the event questions arise relating to the payment of funds to DTI, DTI may within <br />15 days of notification request an accounting by the City of the amount of net funds disbursed to <br />DTI. Thereupon the City shall re-evaluate the amount of such disbursement and give written <br />notification of its decision to DTI which shall be final and conclusive. <br />§ 2.02 Bi -Annual Financial Statement and Audit <br />Every six (6) months (June 30 and December 31), DTI shall submit to the City Manager a <br />complete statement of DTPs revenues and expenditures and a financial audit for the preceding half- <br />year prepared by an independent certified public accountant. <br />§ 2.03 Financial Records <br />DTI shall keep, or cause to be kept, true, accurate and complete records, including double - <br />entry books, a profit and loss statement, and a balance sheet, such that if possible at all times to <br />determine the amount and nature of all revenues and expenditures. All expenditures and <br />Uansactions shall be supported by documents of original entry such as sales slips, cash register <br />tapes, and purchase invoice and receipts. All such account books, statements, balance sheets and <br />supporting documents shall be retained by DTI for a period of three (3) years after the end of the <br />accounting year to which they pertain. <br />§ 2.04 Accounting Procedures <br />DTT shall maintain a system of accounting according to Generally Accepted Accounting <br />Practices. <br />S <br />