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3. Set up an ap each type of adequate int each fund t~ 4. Submit to. compliance expenditure to ACTIA v 5. Along with certified nm consistent v maintained allocation ~ reflected in CITY shall each fiscal year. 6. In the even has receive intends to c 7. Agree to th reflected in of Finance .ropriate system of accounts to keep separate accounting and reporting for Measure B fund to be received. The accounting system shall provide ~aal controls and audit trails to facilitate an annual compliance audit for e and respective usage and application. ~TIA, on an annual basis and at CITY's expense, an independent adit of the funds received and used, including plans and reports of The annual compliance audit is to be completed, certified and provided thin 180 days following the close of each fiscal year. ~he annual compliance audits and reports, provide ACTIA with the nber of maintained road miles within CITY's jurisdiction, which shall be 'ith the miles reported to state and federal agencies. The certified :oad miles shall be used in the updated Measure B sales tax revenue mnula for distributing Measure B funds and the new mileage shall be the distributions at the start of each new fiscal year (i.e., each July 1). ~rovide ACTIA with the annual certified number of maintained road miles ear even if there were no changes in the number of miles for the fiscal CITY's expenditures in a fiscal year are less than the amount the CITY explain why the revenues exceeded expenditures and what the CITY with the increased reserve. formula used in the allocation of the Measure B sales tax revenues as the ballot measure and Plan, and agree to the use of the State Department Estimates of Population figures (Report E-1, updated each May) for reements\ACTIA-C ITY-pleasan tonagre¢.doc Page4of Il