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approved contract, is not providing proper reports, or is not maintaining <br /> adequate records <br /> B. The City shall notify the Subrecipient in writing of a proposed transfer, at least <br /> ten (10) working days before the actual transference occurs. <br /> Xl. Local Financial Support <br /> This Agreement shall not be utilized to reduce substantially the amount of local <br /> financial support for community development activities below the level of such <br /> support prior to the availability of such assistance. <br /> XII. Budget Surplus <br /> The Subrecipient agrees that funds determined by the City of Everett to be <br /> surplused at the end of the year within the budget of this Agreement will be <br /> subject to cancellation by the City of Everett and may be negotiated if they are to <br /> be included in future contracts. <br /> XIII. Assignment and/or Subcontracting <br /> The Subrecipient shall not assign or subcontract any portion of the services <br /> provided within the terms of this Agreement without obtaining prior written <br /> approval from the City. All terms and conditions of this Agreement shall apply to <br /> any approved subcontract or assignment related to the contract. <br /> XIV. Standards for Fiscal Accountability <br /> A. The Subrecipient agrees to maintain books, records, documents, accounting <br /> procedures, and practices which accurately reflect all direct and indirect costs <br /> related to the performance of this Agreement. Such fiscal books, records, <br /> documents, reports and other data shall be retained in a manner consistent <br /> with the "Budgeting, Accounting, Reporting System for Counties and Cities, <br /> and Other Local Governments", hereinafter referred to as "BARS", as issued <br /> by the Office of State Auditor, State of Washington. The Subrecipient further <br /> agrees that the City shall have the right to monitor and audit the fiscal <br /> components of the organization to insure that actual expenditures remain <br /> consistent with the terms of this Agreement. The Subrecipient shall retain all <br /> books, records, documents and other material relevant to the Agreement for <br /> three (3) years after settlement of this Agreement. The Subrecipient agrees <br /> that the City, the U.S. Department of Housing and Urban Development, the <br /> Washington State Auditor, or their designees, shall have full access to and <br />