Match and Program Income Sample Clauses

The "Match and Program Income" clause defines how income generated from program activities and matching contributions from other sources are to be handled within the context of a grant or funding agreement. It typically outlines the requirements for tracking, reporting, and using both matching funds (such as cash or in-kind contributions from third parties) and any income earned as a direct result of the funded project, like fees or sales. This clause ensures that all financial resources related to the program are properly accounted for and used in accordance with the agreement, thereby promoting transparency and compliance with funding requirements.
Match and Program Income. Grantee will: a. contribute match that is, at minimum, the percentage, stated on Attachment B, of Total System Agency Share unless otherwise stated on Attachment B. b. report match on each Financial Status Report (FSR) or Quarterly Match Report, including description, source, and dollar amount in the FSR comment section for the non-System Agency funding and in-kind contributions for the program or as directed by System Agency. c. adhere to the Program Income requirements in Uniform Grants Management Standards (UGMS). d. not use program income as match without prior approval of the contract manager assigned to the Contract. e. If the match ratio requirement is not met by the beginning of the last three months of
View SourceView Similar (122)
Match and Program Income. Grantee will: i. Contribute match that is, at minimum, the percentage, stated on Attachment B, of Total System Agency Share unless otherwise stated on Attachment B. ii. Report match on each Financial Status Report (FSR) or Quarterly Match Report, including description, source, and dollar amount in the FSR comment section for the non-System Agency funding and in-kind contributions for the program or as directed by System Agency. iii. Adhere to the Program Income requirements in the Texas Grants Management Standards (TxGMS). iv. Not use program income as match without prior approval of the contract manager assigned to the Contract. v. If the match ratio requirement is not met by the beginning of the last three months of the term of the Contract, System Agency may withhold or reduce payments to satisfy match insufficiency or demand a refund of the amount of the match insufficiency.
View SourceView Similar (28)
Match and Program Income. Grantee will: A. Contribute match that is, at minimum, the percentage, stated on Attachment B, of Total System Agency Share unless otherwise stated on Attachment B. B. Report match on each Financial Status Report (FSR) or Quarterly Match Report, including description, source, and dollar amount in the FSR comment section for the non-System Agency funding and in-kind contributions for the program or as directed by System Agency. C. Adhere to the Program Income requirements in Uniform Grants Management Standards (UGMS) or Texas Grant Management Standards (TxGMS) as appropriate. D. Not use program income as match without prior approval of the contract manager assigned to the Contract. E. If the match ratio requirement is not met by the beginning of the last three months ofthe term of the Contract, System Agency may withhold or reduce payments to satisfy match insufficiency or demand a refund of the amount of the match insufficiency.
View SourceView Similar (2)
Match and Program Income. Unless waived in writing by DSHS or unless the Program Attachment specifically states otherwise, Contractor shall contribute as match an amount equal to at least the percentage stated in the Program Attachment. Contractor shall report match on each Financial Status Report, including description, source, and dollar amount in the Financial Status Report comment section for the non-DSHS funding and in-kind contributions for the program or as directed by DSHS. If the match ratio requirement is not met by the beginning of the last three months of the term of the Program Attachment, DSHS may withhold or reduce payments to satisfy match insufficiency or demand a refund of the amount of the match insufficiency. In accordance with Section 3.05 of these General Provisions (Program Income), Contractor shall report program income. Contractor shall not use program income as match without prior approval of the contract manager assigned to the Program Attachment.
View SourceView Similar (2)

Related to Match and Program Income

  • Program Income Program income refers to gross income directly generated by a supporting activity during the period of performance. Unless otherwise required under the Grant Agreement, Grantee shall use Program Income, as provided in TxGMS, to further the Project, and Grantee shall spend the Program Income on the Project. Grantee shall identify and report Program Income in accordance with the Grant Agreement, applicable law, and any programmatic guidance. Grantee shall expend Program Income during the Grant Agreement term, when earned, and may not carry Program Income forward to any succeeding term. Grantee shall refund Program Income to the System Agency if the Program Income is not expended in the term in which it is earned. The System Agency may base future funding levels, in part, upon ▇▇▇▇▇▇▇’s proficiency in identifying, billing, collecting, and reporting Program Income, and in using Program Income for the purposes and under the conditions specified in this Grant Agreement.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority 3.2 The Authority may from time to time make changes to the KPIs measured as set out in paragraph 3.1 above and shall issue a replacement version to the Supplier. The Authority shall give notice In Writing of any such change to the KPIs measured and shall specify the date from which the replacement KPIs must be used for future reports. Such date shall be at least thirty (30) calendar days following the date of the notice to the Supplier.