Volunteers of America of Western Washington 8/10/2021

its consolidated financial statements,which will be prepared and reviewed by a public accounting firm chosen by VOA and acceptable to the City. 2. Proposed Budget. As part of its proposed service plan due by May 1 of each year(see Section 1.A above),VOA will provide a detailed proposed Center budget for the upcoming fiscal year that clearly reflects planned income and expenditures for management, operation and maintenance of the Center. 3. Internal Control Manual. VOA agrees to operate the Center in accordance with the City's Internal Control Manual,which is on file with the City's Clerk Office and Parks and Facilities Department. The City retains the right to modify the Internal Control Manual as necessary to adjust for changes in administrative policy or operating conditions. B. Compensation 1. September 1, 2021 to December 31, 2021. During the first four months of the term of this Agreement(that is,from September 1, 2021 until December 31, 2021), City shall pay VOA$28,750 per month as complete compensation for all Services. 2. Subsequent Years. Beginning in calendar year 2022,the City will pay the following monthly compensation to VOA as complete compensation for the Services: 2028 and Year 2022 2023 2024 2025 2026 2027 after Monthly $37,500 $29,167 $25,000 $20,833 $16,667 $12,500 $0 Payment Monthly compensation may be decreased by an Agreed Service Plan. However, monthly compensation may not be increased by an Agreed Service Plan. In 2028 and after,the City will not pay compensation for the Services. At that time,VOA will be completely compensated for the Services by VOA's retention of rental,fee and concession income as set forth in Section VI.0 below. C. Rental, Facility Fee and Concession Income Except to the extent specifically provided otherwise in a current Agreed Service Plan,the following shall govern rental,fee and concession income: • Income from rental of the Center, membership fees, parking sticker fees, program fees and concessions shall be VOA income. • Income from hourly and after hours Center parking will be retained by the VOA. 7