Common use of Accounting Requirements Clause in Contracts

Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant and matching funds as follows: a) The accounting system must be able to specifically identify and provide audit trails that trace the receipt, maintenance and expenditure of grant and matching funds. b) Accounting records must adequately identify the sources and application of funds for all grant activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇’s accounting system accumulates data in a different format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the Division. c) An interest-bearing checking account or accounts in a state or federally chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget. d) The name of the account(s) must include the grant award number. e) The Grantee's accounting records must have effective control over and accountability for all funds, property and other assets. f) Accounting records must be supported by source documentation and be in sufficient detail to allow for a proper pre-audit and post-audit (such as invoices, bills and canceled checks).

Accounting Requirements. The Grantee Subgrantee must maintain an accounting system that provides a complete record of the use of all project (grant and matching matching) funds as follows: a) The accounting system must be able to specifically identify and provide audit trails that trace the receipt, maintenance and expenditure of grant and matching project funds. b) Accounting records must adequately identify the sources and application of funds for all grant activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇Subgrantee’s accounting system accumulates data in a different format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the GranteeSubgrantee’s accounting records to those amounts reported to the Division. c) An interest-bearing checking account or accounts in a state or federally chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget. d) The name of the account(s) must include the grant award number. e) The GranteeSubgrantee's accounting records must have effective control over and accountability for all funds, property and other assets. f) Accounting records must be supported by source documentation and be in sufficient detail to allow for a proper pre-audit and post-audit (such as invoices, bills and canceled checks).

Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant and matching funds as follows: a) The accounting system must be able to specifically identify and provide audit trails that trace the receipt, maintenance and expenditure of grant and matching funds. b) Accounting records must adequately identify the sources and application of funds for all grant activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇Grantee’s accounting system accumulates data in a different format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the Division. c) An interest-bearing checking account or accounts in a state or federally chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget. d) The name of the account(s) must include the grant award number. e) The Grantee's accounting records must have effective control over and accountability for all funds, property and other assets. f) Accounting records must be supported by source documentation and be in sufficient detail to allow for a proper pre-audit and post-audit (such as invoices, bills and canceled checks).

Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant and matching ▇ ▇ ▇▇▇▇▇ funds as followsfo lows: a) The accounting system must be able to specifically specifica ly identify and provide audit trails that trace the receipt, maintenance and expenditure of grant and matching state funds.; b) Accounting records must adequately identify the sources and application of funds for all grant ▇ ▇ ▇▇▇▇▇ activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇’s accounting system accumulates systemaccumulates data in a different di ferent format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the Division.; c) An interest-bearing checking account or accounts in a state or federally federa ly chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget.; d) The name of the account(s) must include the grant award number.; e) The Grantee's accounting records must have effective e fective control over and accountability for all a l funds, property and other assets.; and f) Accounting records must be supported by source documentation and be in sufficient su ficient detail to allow a low for a proper pre-audit and post-audit (such as invoices, bills bils and canceled checks).

Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant and matching ▇ ▇ ▇▇▇▇▇ funds as followsfo lows: a) The accounting system must be able to specifically specifica ly identify and provide audit trails that trace the receipt, maintenance and expenditure of grant and matching state funds.; b) Accounting records must adequately identify the sources and application of funds for all grant ▇ ▇ ▇▇▇▇▇ activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇’s accounting system accumulates systemaccumulates data in a different format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the Division.; c) An interest-bearing checking account or accounts in a state or federally federa ly chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget.; d) The name of the account(s) must include the grant award number.; e) The Grantee's accounting records must have effective control over and accountability for all a l funds, property and other assets.; and f) Accounting records must be supported by source documentation and be in sufficient detail to allow a low for a proper pre-audit and post-audit (such as invoices, bills bils and canceled checks).

Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant and matching ▇ ▇ ▇▇▇▇▇ funds as followsfo lows: a) a. The accounting system must be able to specifically specifica ly identify and provide audit trails that trace the receipt, maintenance maintenance, and expenditure of grant and matching state funds.; b) b. Accounting records must adequately identify the sources and application of funds for all grant ▇ ▇ ▇▇▇▇▇ activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇’s accounting system accumulates data in a different di ferent format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the DivisionDepartment. c) c. An interest-bearing checking account or accounts in a state or federally federa ly chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget. d) d. The name of the account(s) must include the grant award number.; e) e. The Grantee's accounting records must have effective e fective control over and accountability for all a l funds, property property, and other assets.; and f) f. Accounting records must be supported by source documentation and be in sufficient su ficient detail to allow a low for a proper pre-audit and post-post- audit (such as invoices, bills bils, and canceled checks).

Accounting Requirements. The Grantee must maintain an accounting system that systemthat provides a complete record of the use of all grant and matching ▇ ▇ ▇▇▇▇▇ funds as followsfo lows: a) The accounting system must systemmust be able to specifically specifica ly identify and provide audit trails that trace the receipt, maintenance and expenditure of grant and matching state funds.; b) Accounting records must adequately identify the sources and application of funds for all grant ▇ ▇ ▇▇▇▇▇ activities and must classify and identify grant and matching funds by using the same budget categories that were approved in the grant application. If ▇▇▇▇▇▇▇’s accounting system accumulates systemaccumulates data in a different di ferent format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the Division.; c) An interest-bearing checking account or accounts in a state or federally federa ly chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget.; d) The name of the account(s) must include the grant award number.; e) The Grantee's accounting records must have effective e fective control over and accountability for all a l funds, property and other assets.; and f) Accounting records must be supported by source documentation and be in sufficient su ficient detail to allow a low for a proper pre-audit and post-audit (such as invoices, bills bils and canceled checks).