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(21) FINAL AUDIT: The Commission will perform a final audit of project costs. <br />The United States Government shall reimburse the City, through the Commission, any <br />monies due. The City shall refund any overpayments as determined by the final audit. <br /> <br /> (22) OMB AUDIT: If the City expend(s) three hundred thousand ($300,000) or <br />more in a year in federal finance assistance it is required to have an independent <br />annual audit conducted in accordance with OMB Circular A-133. A copy of the audit <br />report shall be submitted to the Missouri Department of Transportation (MoDOT) within <br />thirty (30) days of the issuance of the report. Subject to the requirements of OMB <br />Circular A-133, if the City expend(s) less than three hundred thousands dollars <br />($300,000) a year, the City may be exempt from auditing requirements for that year but <br />records must be available for review or audit by applicable state and federal authorities. <br /> <br />IN WITNESS WHEREOF, the parties have entered into this Agreement on the date last <br /> <br />written below. <br /> Executed by the k/~¢ ,"~ ~"'~/¢~d ,~ <br /> this ay of ~/'~ ,20_~.I <br /> Executed by the Commission this day of ,20 <br /> <br />MISSOURI HIGHWAYS AND <br />TRANSPORTATION COMMISSION <br /> <br />Title <br /> <br />ATTEST: <br /> <br /> <br />