Common use of Disbursements and Reporting Clause in Contracts

Disbursements and Reporting. 7.1 The Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the CCM Funding End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. If the CCM Funding Recipient chooses to continue administrative activities in support of the CCM after the Global Fund funding available under this Agreement has been exhausted, the CCM Funding Recipient understands that the Global Fund makes no commitment beyond the amounts available under the terms of this Agreement. 7.2 The CCM Funding Recipient shall, not later than 3 months after the end of each 12 month period during the CCM Funding Period, provide to the Global Fund a financial report for such 12-month period. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the 12-month period and the projected cash balance at the CCM Funding End Date. In addition, the CCM Funding Recipient shall, no later than 3 months after the CCM Funding End Date, provide to the Global Fund a financial report for the period beginning on the date after the most recent reporting period and ending on the CCM Funding End Date. Each report provided to the Global Fund under this Section 7.2 shall explain any variance between Budget and actual expenditures.

Disbursements and Reporting. 7.1 The Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the CCM Funding End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. If the CCM Funding Recipient chooses to continue administrative activities in support of the CCM after the Global Fund funding available under this Agreement has been exhausted, the CCM Funding Recipient understands that the Global Fund makes no commitment beyond the amounts available under the terms of this Agreement. 7.2 The CCM Funding Recipient shall, not later than 3 2 months after before the end of each 12 month period during the initial CCM Funding PeriodEnd Date, provide to the Global Fund a financial report for such 12the 9-month periodperiod beginning on the CCM Funding Start Date. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the 129-month period and the projected cash balance at the initial CCM Funding End Date. In additionThe report shall explain any variance between Budget and actual expenditures. 7.3 If the CCM Funding End Date is extended following the approval of the CCM’s request for continued funding, the CCM Funding Recipient shall, no later than 2 months before the end of the extended CCM Funding End Date, provide to the Global Fund a financial report for the 12-month period beginning on the day after the most recent reporting period. If the CCM Funding End Date is not extended, the CCM Funding Recipient shall, no later than 3 months after the CCM Funding End Date, provide to the Global Fund a financial report for the period beginning on the date day after the most recent reporting period and ending on the CCM Funding End Date. Each report provided to the Global Fund under this Section 7.2 shall explain any variance between Budget and actual expenditures.

Disbursements and Reporting. 7.1 The Unless otherwise agreed between the Global Fund and the CCM Funding Recipient, the Global Fund will disburse funds under this Agreement on an annual basis in advance. The Global Fund will not disburse funds under this Agreement after the CCM Funding End Date or at any time when the Global Fund has determined in its sole discretion that funds sufficient to make the disbursement are not available to the Global Fund for such purpose at the time of the disbursement. If the CCM Funding Recipient chooses to continue administrative activities in support of the CCM after the Global Fund funding available under this Agreement has been exhausted, the CCM Funding Recipient understands that the Global Fund makes no commitment beyond the amounts available under the terms of this Agreement. 7.2 The CCM Funding Recipient shall, not later than 3 months 30 days after the end of each 12 month period during the CCM Funding Period, beginning with the 12 month period following the CCM Funding Start Date (or such later date as may be agreed between the Global Fund and the CCM Funding Recipient on a case-by-case basis) (each such date, a “Financial Report Due Date”), provide to the Global Fund a progress update containing the following information: (a) a financial report for such 12-month the period beginning on the CCM Funding Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to subsequent years of the CCM Funding Period) and ending on the applicable Financial Report Due Date. The financial report shall set out the income and expenditure relating to funds disbursed under this Agreement and a statement of the cash balance at the end of the 12-month period and the projected cash balance at the CCM Funding End Date. In additionExpenditure reporting must include costs broken down by financial cost category (salaries, administration, meetings, consultations, communications, translation, program oversight and others) as well as by CCM functional area. Information must also be provided on CCM funding use by representatives of nongovernmental constituencies on the CCM. The Global Fund and the CCM Funding Recipient shall agree on the form of the report. The CCM Funding Recipient shall explain in the report any variance between Budget and actual expenditures; (b) a performance report for the period beginning on the CCM Funding Start Date (or the day after the end of the most recent reporting period, for reports provided with respect to subsequent years of the CCM Funding Period) and ending on the applicable Financial Report Due Date describing results achieved against intended targets; and (c) if applicable, a report with respect to amounts pledged in order to satisfy the requirements of section 3.2 of this Agreement, including information on whether such amounts have been made available to the CCM. 7.3 If the CCM does not designate the CCM Funding Recipient as the entity that will continue to be responsible for receiving and managing funds for the CCM following the CCM Funding End Date, then the CCM Funding Recipient shall, no later than 3 months after the CCM Funding End Date, provide to the Global Fund a financial report for the period beginning on the date day after the most recent reporting period and ending on the CCM Funding End Date. Each report provided . 7.4 The Global Fund and the CCM Funding Recipient may make the information derived from the implementation of this CCM funding program available to the domestic and international community, consistent with the rights of individuals to privacy, the property rights of persons in trade secrets and confidential commercial or financial information. The Global Fund under reserves the right to freely publish or disseminate information derived from the implementation of this Section 7.2 shall explain any variance between Budget and actual expendituresCCM funding program.