Common use of Accounting Records and Financial Statements Clause in Contracts

Accounting Records and Financial Statements. (a) The City will keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Tax Revenues and the Project, which records shall be available for inspection by the Authority and the Trustee at reasonable hours and under reasonable conditions. (b) The City will prepare and file with the Trustee annually within six months after the close of each Fiscal Year or, if not then available, as soon thereafter as possible, audited financial statements of the City for the preceding Fiscal Year.

Accounting Records and Financial Statements. (a) The City will shall keep appropriate accounting records in which complete and correct entries shall be made of all transactions relating to the Tax Revenues and the ProjectWastewater System, which records shall be available for inspection by the Authority and the Trustee at reasonable hours and under reasonable conditions. (b) The City will prepare and file shall comply with the Trustee annually within six months after the close of each Fiscal Year or, if not then available, as soon thereafter as possible, audited financial statements reporting requirements set forth in Section 5.01 of the City for the preceding Fiscal YearSupplemental Agreement.