Final Audit Pursuant to section 1002.33, Florida Statutes, upon notice of non- renewal, closure, or termination, an independent audit shall be completed within 30 days to account for all public funds and assets. During the fiscal year in which the termination or non-renewal occurs, the Sponsor may withhold from the School's FEFP funds, without penalty or interest, an amount necessary to cover the costs for a final financial audit of the School. The audit shall be conducted by an independent certified public accountant.
City Audits The CITY may perform an independent audit. Such audits may cover programmatic as well as fiscal matters. GRANTEE will be afforded an opportunity to respond to any audit findings, and have the responses included in the final audit report. Costs of such audits will be borne by the CITY.
STATE AUDIT 12 Pursuant to Government Code Section 8546.7, CITY and COUNTY shall be 13 subject to examination and audit by the State Auditor for a period of three (3) 14 years after final payment by CITY to COUNTY under this Agreement. CITY 15 and COUNTY shall retain all records relating to the performance of this 16 Agreement for said three-year period, except that those records pertaining to 17 any audit then in progress, or to any claim or litigation, shall be retained beyond 18 said three-year period, until final resolution of said audit, claim or litigation.