Fiscal Reporting Clause Samples
The Fiscal Reporting clause requires a party to provide regular and accurate financial statements or reports to another party, typically within a specified timeframe. This may involve submitting audited financial statements, quarterly revenue reports, or other documentation that reflects the party’s financial status and operations. The core function of this clause is to ensure transparency and accountability, enabling the receiving party to monitor financial health, assess compliance, and make informed decisions based on reliable fiscal data.
Fiscal Reporting. Contractor shall not have submitted the required statements and reports, whether of a fiscal or a non-fiscal nature, as specified in this Agreement.
Fiscal Reporting. The Sponsored Program Administrator shall provide the PI with periodic fiscal reports. The Sponsored Program Administrator shall work with the Principal Investigator, whose responsibility it is to approve and ensure that all
Fiscal Reporting. The School submits required financial reports, including the budget and interim reports, the unaudited actual report, and the annual independent audit, that meet required time lines and are accurate, and are formally approved by the governing board.
Fiscal Reporting. A. Financial Aid
Fiscal Reporting. 1. Districts must agree to all fiscal reporting policies in alignment with the Full-Service Community schools grant program.
2. Districts must adhere to the fiscal and budget policies set forth in Section XII of this agreement.
Fiscal Reporting a. Following receipt of funds, Grantee will submit quarterly fiscal accounting reports (Fiscal Report) to CAPCOA detailing expenditure of funds by Grantee, including interest accrued on any Project funds received. The Fiscal Reports shall be provided in a format agreed upon between the CARB Program Liaison and the Grantee and needs to include an itemized invoice of all expenditures incurred during the quarter.
Fiscal Reporting. Contractor will submit monthly reports on expenditures, matching funds and funding obligations, as well as the WIOA training expenditure. Fiscal reports will be tied to the budget.
Fiscal Reporting. 16 1. On a monthly basis, the CONTRACTOR shall provide a utilization report of the capitated 17 medical specialties listed in Subparagraph II.A.2.b. of Exhibit A to the Agreement. This report will 18 show utilization in terms of dollars and will be compared to budgeted amounts. Template for this report 19 will be provided by the ADMINISTRATOR.
20 2. The CONTRACTOR shall submit an expenditure report sixty (60) calendar days after the 21 end of the term of the AGREEMENT to the ADMINSTRATOR. Template for this report will be 22 provided by the ADMINISTRATOR.
23 3. The CONTRACTOR shall submit an independent audit of related expenditures during the 24 term of this Agreement submitted ninety (90) calendar days after the end of the term of the Agreement. 25
Fiscal Reporting. 1. Funding available to serve active clients for the period from October 1, 2018 to June 30, 2019: $150,000, a pooled amount that may be expended as dictated by client needs and usage. Contractor shall draw from the pooled amount based on client choice of Contractor’s services or services provided by other contractors providing training services to WIOA clients. The WDB shall monitor Contractor’s draw to ensure that the pooled amount of $150,000 is not exceeded. Contractor shall comply with all directions issued by the WDB as to the amount and extent of its draw from the pooled amount.
2. The budget summary is detailed in the attached Exhibit C.
3. Subject to receipt of funds from the State, WDB’s fiscal office shall approve the reimbursement for services rendered as outlined in Exhibit C of this Agreement. Contractor shall submit monthly invoices for reimbursement. WDB shall reimburse Contractor for allowable expenditures claimed, within forty-five (45) calendar days after timely receipt of Contractor’s properly completed and documented request, or as soon thereafter as is reasonable, provided Contractor is following the terms and conditions of this Agreement.
Fiscal Reporting. CLCS will forward to the District and to the County Superintendent of Schools the following reports by the designated dates:
a. On or before June 15, a preliminary budget.
b. On or before July 15, a final budget.
c. On or before September 15, a final, unaudited report for the prior school year, derived from the Charter School’s general ledger, reflecting actual revenues and total expenditures.
d. On or before December 15, an interim financial report. This report, derived from the Charter School’s general ▇▇▇▇▇▇, shall reflect actual revenues and expenditures, as well as budget activity and changes through October 31.
e. On or before March 15, a second interim financial report. This report, derived from the Charter School’s general ▇▇▇▇▇▇, shall reflect actual revenues and expenditures, as well as budget activity and changes through January 31. The parties agree that it is the right and responsibility of the District to use any financial information it obtains, including the reports noted above, to monitor the fiscal condition of the Charter School.