Common use of MONITORING AND REPORTING REQUIREMENTS Clause in Contracts

MONITORING AND REPORTING REQUIREMENTS. ▇▇▇▇▇▇▇ prior to receiving funds pursuant to this Agreement it must file with the city clerk a copy of an annual report of its business affairs and transactions that includes, but is not limited to: (A) Either a copy of the entity's most recently completed annual audit or an annual report detailing all receipts and expenditures in a form prescribed by the comptroller of the treasury and prepared and certified by the chief financial officer of such nonprofit organization; (B) A description of the program that serves the residents of the municipality; and (C) The proposed use of the municipal assistance. (D) A listing of revenue sources detailing what percent of the total operating budget they cover The report filed pursuant hereto shall be open for public inspection during regular business hours of the city clerk's office. Financial reports shall be available to fiscal officers of the CITY and shall be subject to audit under T.C.A. § 6-56-105. ▇▇▇▇▇▇▇ will permit CITY or its representatives to inspect all work, materials, payrolls, and other records with regard to the project, and to audit the books, records, and accounts of ▇▇▇▇▇▇▇ with regard to the project. Such records will be retained for this purpose for a period of not less than three years.

MONITORING AND REPORTING REQUIREMENTS. ▇▇▇▇▇▇▇ prior to receiving funds pursuant to this Agreement it must file with the city clerk a copy of an annual report of its business affairs and transactions that includes, but is not limited to: (A) a. Either a copy of the entity's most recently completed annual audit or an annual report detailing all receipts and expenditures in a form prescribed by the comptroller of the treasury and prepared and certified by the chief financial officer of such nonprofit organization; (B) b. A description of the program that serves the residents of the municipality; and (C) c. The proposed use of the municipal assistance. (D) d. A listing of revenue sources detailing what percent of the total operating budget they cover cover, The report filed pursuant hereto shall be open for public inspection during regular business hours of the city clerk's office. Financial reports shall be available to fiscal officers of the CITY and shall be subject to audit under T.C.A. Tenn. Code ▇▇▇. § 6-56-105. ▇▇▇▇▇▇▇ will permit CITY or its representatives to inspect all work, materials, payrolls, and other records with regard to the project, and to audit the books, records, and accounts of ▇▇▇▇▇▇▇ with regard to the project. Such records will be retained for this purpose for a period of not less than three years.