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4. ARTS COUNCIL shall use the funds paid to it by COUNTY <br /> for operation, development, support, maintenance, staffing and <br /> coordination of the cultural arts in Cabarrus County. At the end <br /> of its fiscal year, ARTS COUNCIL shall undergo an audit of its <br /> operations .conducted by a certified public accountant, and shall <br /> submit a copy of the report of this audit to COUNTY within ninety <br /> (90) days' of the conclusion of its established fiscal year. In <br /> addition, for COUNTY'S 1990-91 fiscal year and for each <br /> succeeding fiscal year of COUNTY for which ARTS COUNCIL seeks a <br /> continuing appropriation from COUNTY, by no later than March 15, <br /> ARTS COUNCIL shall submit to COUNTY its proposed budget for <br /> COUNTY'S next ensuing fiscal year. <br /> <br /> 6. ARTS COUNCIL agrees to hold COUNTY harmless from any and <br />all liability, damages or claims, including attorney's fees, that <br />might be asserted or suffered by COUNTY as a result of any act or <br />omission of any of ARTS COUNCIL's officers, employees, agents or <br />representatives arising out of services performed pursuant to <br />this contract. <br /> <br /> 7. This Contract may be terminated by either party upon <br />thirty (30) days' prior written notice to the other party, and <br />may be renewed and continued in full force and effect for each <br />successive fiscal year an which COUNTY makes an appropriation to <br />ARTS COUNCIL in its annual budget. Failure of COUNTY to make an <br />appropriation to ARTS COUNCIL in its annual budget shall be <br />evidence that this Contract has not been renewed. <br /> <br /> <br />