$3.$ You are the auditor of a state. The state made a $$10$ million grant to a city. The grant reimburses the city for allowable costs incurred in hosting a meeting of international leaders. The meeting was held two weeks prior to the end of the state's fiscal year, but as of the end of the fiscal year the city had not yet submitted documentation of any costs incurred. The state comptroller asserts that no amount of the grant should be reported as an expenditure of the current year in that the state has no reliable information as to the actual amount of allowable costs incurred and that are thereby eligible for reimbursement. Do you agree with the comptroller?