Final Reconciliation Sample Clauses
The Final Reconciliation clause establishes the process for settling all outstanding financial obligations between parties at the conclusion of their contractual relationship. Typically, this involves a comprehensive review of payments made, costs incurred, and any adjustments required to ensure that each party has fulfilled its monetary responsibilities, such as reimbursing overpayments or collecting unpaid balances. Its core practical function is to ensure that all accounts are accurately balanced and that neither party is left with unresolved financial claims, thereby providing closure and preventing future disputes over payments.
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Final Reconciliation. 3 Community Based Detoxification Centers are the only provider type subject to the cost limit that does not submit the CMS 2552 cost report. Massachusetts MassHealth Section 1115 Demonstration Safety Net Care Pool Uncompensated Care Cost Limit Protocol Each provider's uncompensated care costs must be recomputed based on the provider's audited CMS 2552 cost report for the actual service period. These recomputed costs must be carried over to the UCCR. The CMS 2552 cost report is audited and settled by the Medicare contractor to determine final allowable costs and reimbursement amounts as recognized by Medicare. For SNCP payments subject to the cost limit pursuant to STC 49(c), each provider’s allowable Medicaid, uncompensated care, and uninsured costs must be reconciled against associated applicable payments received for the year for which the payments were made. SNCP uncompensated care payments made to the provider for a cost limit reporting year cannot exceed the recomputed uncompensated care cost limit. If, at the end of the final reconciliation process, it is determined that expenditures claimed exceeded the individual provider's uncompensated care cost limit, thereby causing an overpayment, the Commonwealth must recoup the overpayment from the provider. Specifically, if an overpayment exists, the Commonwealth must determine if the overpayment occurred due to HSN Trust Fund payments or other SNCP payments, or from both payments. To the extent that the overpayment is a result of overpaid funds from the HSN Trust Fund, the Commonwealth must recover from the provider the amount overpaid to the provider from the HSN Trust Fund and credit that amount to the HSN Trust Fund. The HSN Trust Fund will redistribute such amounts to other providers as appropriate. To the extent that the overpayment is not the result of HSN Trust Fund payments, the Commonwealth must recover from the provider the overpayment, and the Commonwealth must properly credit the federal share to the federal government. For hospitals whose accounting fiscal year aligns with the cost limit reporting fiscal year (Federal fiscal year), the Medicaid and uninsured costs will be reflected in the CMS 2552 and UCCR that is submitted for the accounting fiscal year. For acute hospitals whose accounting fiscal years do not align with the reporting fiscal year, the reporting year cost limit will be calculated by applying the appropriate percentage of the two contiguous CMS 2552 and UCCR cost reports that s...
Final Reconciliation. ▇. ▇▇▇▇▇ agrees to submit a final reconciliation on form DOL-14, Invoice/Status of Funds Report to the DOL, reporting actual expenditures for this agreement no later than thirty (30) days after the ending date of this agreement.
B. Any funds paid to UCONN and remaining unspent after the end date of the agreement will be refunded to the DOL with the final reconciliation described in 3.A. above. The refund check must be made payable to "Treasurer, State of Connecticut".
Final Reconciliation. The Parties will use commercially reasonable efforts to complete a final reconciliation of Cash amounts upon termination or expiration of this Agreement within 10 Business Days after the effective date of such termination or expiration.
Final Reconciliation a. All ▇▇▇ ▇▇▇▇▇ funds must be properly recorded and allocated to the appropriate award year for which the funds were advanced and disbursed.
b. Institutions shall reconcile all award year ▇▇▇ ▇▇▇▇▇ funds received and disbursed by the Institution no later than the month of September following the award year or an earlier final processing date as directed by the Commission.
c. The final reconciliation of ▇▇▇ ▇▇▇▇▇ expenditures is to be on a student- by-student basis for the payment period and award year.
d. Upon final award year reconciliation by the Institution, the Institution may, at any time prior to invoicing, repay any ▇▇▇ ▇▇▇▇▇ funds in excess of the reconciled amount to the Commission.
e. Upon final reconciliation by the Commission, if the Institution has any outstanding balances, the Institution shall be invoiced for those funds. The invoice shall be due and payable to the Commission within thirty
Final Reconciliation a. The parties agree that the accounting attached as Exhibit A, is an accurate and correct accounting of all income and expense associated with the operation of the Ice Rink for the 2017-2018 season.
b. The parties agree that the inventory attached as Exhibit B is an accurate inventory of all City property associated with the Ice Rink that MBI turns back over to the City.
Final Reconciliation. Within sixty (60) Days after expiration of the Term or the earlier termination of this Agreement, Seller and Buyer shall determine the amount of any final settlement payment. Seller shall send a statement to Buyer, or Buyer shall send a statement to Seller, as the case may be, for any final settlement payment due. Seller or Buyer, as the case may be, shall pay such amount no later than twenty (20) Business Days after the date of receipt of such statement.
Final Reconciliation. At the end of the Term or upon termination of this Agreement, the Housing Provider shall promptly complete and submit a final reconciliation to CMHC or its representative for review and approval. Following the review and approval of the reconciliation: (i) any surplus of funding received under this Agreement will be reimbursed to CMHC within thirty (30) calendar days from the approval of the reconciliation and, (ii) on condition that the Housing Provider is not in breach of this Agreement, any deficiency in funding under this Agreement will be made to the Housing Provider within thirty (30) calendar days from the approval of the reconciliation, upon which CMHC will have no further liability of any kind to the Housing Provider.
Final Reconciliation. For each provider subject to cost settlement, the Commonwealth must complete final settlement within 12 months after the provider’s final and audited (as applicable) cost report become available. The Commonwealth must submit cost and payment information for that demonstration year as required by the CMS-approved cost limit protocol. Any increasing or decreasing adjustment identified as a result of the settlement must be reported to CMS as an adjustment to reported expenditures and reported through the CMS-64 process. CMS will complete its review of the costs reported using the protocol tool and send concurrence or share its findings with the Commonwealth within 120 calendar days of receipt. Standard Medicaid Funding Process. The standard Medicaid funding process must be used during the demonstration. Massachusetts must estimate matchable demonstration expenditures (total computable and federal share) subject to the budget neutrality expenditure limit and separately report these expenditures by quarter for each FFY on the Form CMS-37 (narrative section) for both the Medical Assistance Payments (MAP) and State and Local Administrative Costs (ADM). CMS shall make federal funds available based upon the state’s estimate, as approved by CMS. Within 30 calendar days after the end of each quarter, the state must submit the Form CMS-64 quarterly Medicaid expenditure report, showing Medicaid expenditures made in the quarter just ended. CMS shall reconcile expenditures reported on the Form CMS-64 with federal funding previously made available to the state, and include the reconciling adjustment in the finalization of the grant award to the state.
Final Reconciliation. The Applicant shall provide the Final Report and Certificate of Practical Completion to the CPCA by [Insert date]. On issue of the Final Report and/or the Certificate of Practical Completion the Grant Recipient will provide the CPCA with a full Reconciliation of the Costs actually expended on the Project against the estimated cost set out in the Business Plan. The Grant Recipient will provide CPCA with a warranted statement that the costs actually expended were equal or greater than the estimated costs and if less will immediately return [insert %] of any reduced costs/savings to CPCA. If there is any dispute about the Reconciliation the Grant Recipient will upon written request by CPCA provide the CPCA and their accountants with open book accounts of the costs of the Project. If the CPCA reasonably believes the actual costs are materially less than the estimated costs they will notify the Grant Recipient who will negotiate with the CPCA in good faith to resolve the issue. If the issue is not resolved within 3 months then CPCA may take such further action as they deem necessary including appointing expert to deal with the matter and Grant Recipient shall fully cooperate with the Expert and their directions. Where the information provided pursuant to Clause 4.7 shows: - that the total cost of the Project was less than the anticipated total cost of the Project as set out in the Business Plan; and/or that the total Market Value of the Project is more than the anticipated Market Value of the Project as set out in the Business Plan, then CPCA shall be entitled to recover Funding paid to the Applicant in accordance with the compensation provisions set out in Clause 4.7 and/or in the Business Plan. Pre-Payment The Parties acknowledge that as at the 31st March 2021 in so far as the Maximum Sum has not been drawn down by the Applicant, the balance of the Maximum Sum (“the Outstanding Sum”) shall on the 31st March 2021 (or if later within 14 days of receipt of the Outstanding Sum Claim Form (defined below)) be paid to the Applicant subject to and in accordance with the conditions below The Applicant shall provide CPCA with a signed Outstanding Sum Claim Form in the form that appears at [Part 2 of Schedule 3] to this Agreement The Applicant confirms and warrants it shall upon receipt immediately pay the sum of the Outstanding Payment into a separate interest-bearing account in the name of the Applicant (the Account) The Applicant shall hold the Outstanding Payment on...
Final Reconciliation. RCF and NPO shall reconcile all advance ticket sales on Thursday, February 4th, 2016 and Friday, February 5th, 2016 by scheduled appointment only, at the Riverside County Fairgrounds in the Shalimar Building 2nd Floor, Indio, CA. The appointment time for the final reconciliation will be made at the initial distribution appointment. NPO must keep scheduled appointment for final reconciliation or jeopardize their participation in future years. NPO hereby agrees to return all unsold tickets to RCF during reconciliation. NPO does hereby agree that it shall be held responsible for face value of any and all lost, stolen or otherwise unaccounted for tickets. NPO hereby agrees to reimburse RCF at advance purchase price as set forth in Exhibit “A” for all Advance Admission & Carnival tickets which cannot be accounted for during the final reconciliation and no later than Monday, February 8th, 2016. Payment for sold tickets shall be the total gross ticket sales less the total commission due to NPO. Payment shall be made by cash, company check or money order and pre-approved purchase orders for school districts only, payable to the Riverside County Fair. No personal checks will be accepted. Cash should be paid in large bills (i.e. $20, $50 or $100) with no loose or rolled coins accepted. It is highly recommended that NPO utilize the reconciliation form or excel worksheet to calculate payment due to Riverside County Fair. A reconciliation form with instructions will be available on the Fair website at ▇▇▇.▇▇▇▇▇▇▇▇.▇▇▇. If NPO has an email address, an Excel reconciliation worksheet and instructions can be sent to the NPO.