Common use of OBLIGATIONS OF CAS Clause in Contracts

OBLIGATIONS OF CAS. CAS agrees and obligates itself to the Scope of Services as described in Section I and to provide semi-annual updates of its obligations under the Agreement, as well as its program goals, services, outreach/marketing efforts, fundraising efforts, and overall budget. CAS shall have completed an independent financial audit of its books at the end of its fiscal year, in accordance with Louisiana Revised Statutes 24:513, and shall present to the City a copy of said audit. The City shall be allowed to audit all aspects of the operations of CAS including expenditures and income. CAS shall maintain accurate books and records of the operations for a lease three (3) years and shall deliver such records to the City upon request.

OBLIGATIONS OF CAS. CAS agrees and obligates itself to the Scope of Services as described in Section I and to provide semi-annual updates of its obligations under the Agreement, as well as its program goals, services, outreach/marketing efforts, fundraising efforts, and overall budget. CAS shall have completed an independent financial audit of its books at the end of its fiscal year, in accordance with Louisiana Revised Statutes 24:513, and shall present to the City a copy of said audit. The City shall be allowed to audit all aspects of the operations of CAS including expenditures and income. CAS shall maintain accurate books and records of the operations for a lease three (3) years and shall deliver such records to the City upon request. CAS shall deliver the past three (3) years of tax records and a past one-year program report to the City prior to April 15, 2021.