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7 <br /> Termination Date. <br /> ARTICLE III <br /> LOAN PROGRAM ADMIMSIRATIJIN AND OPERATION <br /> 3.01. (a) By March 1 of each year, beginning March 1, 2001, the Company <br /> shall notify the County of its proposed budget for Administrative Expenses for the <br /> coming Fiscal Year. The County shall provide for the County Board to consider <br /> approving the Company's proposed budget as part of the County's normal annual <br /> budgeting process. The Company shall be free to use any amounts paid to it by the <br /> County (other than amounts paid from for the Loan Loss Reserve) for its Administrative <br /> Expenses. Promptly upon the initial delivery of this Support Agreement, the Company <br /> and the County shall work together diligently and in good faith to establish an initial <br /> budget for the Company's operations and its Administrative Expenses for the period <br /> between the date of initial delivery of this Support Agreement and June 30, 2001. <br /> (b) The Company agrees that it shall endeavor over time to provide for full <br /> funding of its Administrative Expenses through the passing along of costs to Loan <br /> Program borrowers (both through the assessment and collection of loan fees and through <br /> interest rate mark-ups). <br /> 3.02. By August 1 of each year, beginning August 1, 2000, the Company shall <br /> provide a written report to the County describing Company's activities for the most <br /> recently completed Fiscal Year. Each such report shall, at a minimum, specify (a) the <br /> amount and borrower for each Program Loan made by Company in the applicable Fiscal <br /> Year, (b) the outstanding balance and borrower for each Program Loan outstanding at the <br /> end of such Fiscal Year, and(c) a summary of cash and investments on hand at the end of <br /> the Fiscal Year. <br /> 3.03. (a) Promptly at the end of each Fiscal Year, the Company, at its own <br /> cost, shall provide for the conduct of an independent annual audit of its books and records <br /> by an accounting firm reasonably acceptable to the County. The Company shall send a <br /> copy of such audit to the County promptly upon the Company's acceptance of the audit. <br /> (b) • The Company shall furnish to the County, at such times as the County shall <br /> request, all other financial information as the County may request. The Company shall <br /> permit the County or its agents and representatives to inspect the Company's books and <br /> records and make copies and extracts. The County, however, recognizes that the County's <br /> coming into possession of certain Company records may result in the unwanted exposure to <br /> publicity of confidential information of Program Loan borrowers, and the County agrees to <br /> obtain copies of such borrower information only when the County deems such copies <br /> necessary for carrying out its oversight of the Company and the County funds supporting <br /> 3 <br />