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The TL/DTL and the Program Coordinating Director shall submit to both Executive Authorities an annual report in English. The first annual report on the progress made in the execution of the Program and on the expenditure incurred by both Parties will cover the period from start till 30 June 2013; subsequent annual reports will follow the Bangladesh Fiscal Year, i.e. cover the period from 1 July till 30 June the next year. The information on the TA budget expenditure will be shared with the Bangladesh Party. Approval or rejection of expenditures made from the Netherlands contribution is entirely and solely at the discretion of the Netherlands Executive Authority. On termination of the Program, the TL/DTL and the Program Coordination Director shall submit to all parties involved a final report in English on all aspects of the work done in connection with the Program.