Common use of Periodic Statements Audits Clause in Contracts

Periodic Statements Audits. (a) On or before fifteen (15) days following the end of each month during the term of this Agreement, Agent shall deliver or cause to be delivered to Owner a summary of Gross Receipts and disbursements for the preceding calendar month and the Fiscal Year to date showing variances from the approved Budget; (b) Within sixty (60) days after the end of each Fiscal Year, Agent will deliver or cause to be delivered to Owner, at Owner's expense, an income and expense statement showing the results of operation of the Property during the preceding Fiscal Year. At Owner's request, such statement shall be prepared and audited by a certified public accountant as designated by Owner. At Owner's request and at Owner's expense, Agent shall prepare, or cause to be prepared, other financial reports and perform other bookkeeping services in addition to those provided herein.