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; 7 0.,Purchase qf�auipmerrt and Sugplies <br /> City and M�nager shall estabiish purchasing policies and procedures covering the System in order to <br /> assure that such activities are in accordance and consistent with City's established criteria. <br /> 11.�on#rol of Svst�m <br /> Notwithstanding anything in this Agreemen# to the contrary, City and Manager acicnowlecige and agree <br /> that all matters of policy (including, but not Amifed to the scope of transportation services, the charges <br /> therefor and sc�teduling thereo�are and shall continue to be establish�d and controlled by City. <br /> 12. Bu�lqets and Recommendatior�s <br /> Manager sMalt prepare for City's �onsid�ration and approval such budget documents as City shall <br /> require. Manager shaH fumish to City such periodic reports relat�ng to the Sys#em as City shall request. <br /> 13, Bookkeetaina <br /> The boakkeeping servic�s #o be fumish�ci by the Manager hereunder shatl inClude statistical and <br /> boakkeeping services and the preparation of morrthly financial and operating statf:ments showing a <br /> variety of desi�nated data so that the Sys#em's op�ration may be compared with past pertormance, <br /> subject to the control and review of the Transit Administrator. <br /> 14.Audit and lnspection of R�cords <br /> City or its desigrtated independerrt accountant or auctitor shall have the right of acr.�ss to and inspection <br /> of all baoks and records of Manager pertaining to the System at any and all reasonable fimes in ard�r to <br /> ascertain and ver'rfy revenueS and expenses. Such books and recards shaN be maintained at the <br /> D�catur office. The Clty shall have an annual audit, prepared by an independ�n# cert�ed public <br /> accountant selected by City, certifying annual revenues and expenses for the immediateFy preceding <br /> year and such other certified financi�l s#atements as may be requested by City, the same to be preparect <br /> in accordance with generaNy accepted accounting principles. The cost of such audit and additional <br /> preparation shal{be an expense of the Syst�m. <br /> 15. Fidelitv Bond <br /> During the term tif this Agneemsnt Manager shatl cause tl�te Resident Manager and other designated <br /> employees to be covered by a fidelity bond under whicfi City shall be a named insured, such bond to <br /> have a limit of One Million Doliars ($1,pOQ,000.00) with respect to any one occurrence. The cost of <br /> same sfiall be an expense of the S�rstem. <br /> 5 <br />