Operational Framework, Financial Management and Oversight 2 Sample Clauses

The 'Operational Framework, Financial Management and Oversight 2' clause establishes the procedures and standards for managing and supervising the financial operations within an organization or project. It typically outlines responsibilities for budgeting, accounting, and reporting, and may require regular audits or reviews to ensure compliance with financial policies. By setting clear guidelines for financial management and oversight, this clause helps prevent mismanagement, promotes transparency, and ensures that resources are used effectively and in accordance with agreed-upon objectives.
Operational Framework, Financial Management and Oversight 2 b. Is the School following Generally Accepted Accounting Principles?
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Operational Framework, Financial Management and Oversight 2 b. Is the School following Generally Accepted Accounting Principles? 25 Section 8.10 Organizational Framework, Governance and Reporting 3.a. Is the School complying with governance requirements? 26 (a) Governing Structure 26 (b) Change in Governance Membership 26 Section 8.11 Operational Framework, Governance and Reporting 3.b. Is the School holding management accountable? 26 (a) School Complaint Process 26 (b) Authorizer Notification Regarding Complaints 26
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Related to Operational Framework, Financial Management and Oversight 2

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and

  • Financial Management Government financing and accounting activities (e.g., billing and accounting, credit/charge, expense management, payroll, payment/settlement, debt collection, revenue management, internal controls, auditing, activity based management, currency translation). Asset/Material Management: Acquisition and management of Federal government assets (property/asset management, asset cataloging/identification, asset transfer/allocation/maintenance, facilities management, computers/automation management). Development and Integration: Development and integration of systems across diverse operating platforms (e.g., legacy integration, enterprise application integration, data integration, instrumentation/testing, software development). Human Capital/Workforce Management Development and Integration: Planning and supervisory operations surrounding government personnel (e.g., resource planning/allocation, skills management, workforce directory/locator, team/organization management, contingent workforce management).

  • Enterprise Information Management Standards Performing Agency shall conform to HHS standards for data management as described by the policies of the HHS Chief Data and Analytics Officer. These include, but are not limited to, standards for documentation and communication of data models, metadata, and other data definition methods that are required by HHS for ongoing data governance, strategic portfolio analysis, interoperability planning, and valuation of HHS System data assets.

  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $200,000 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $0 - OWDA $0 - CDBG $0 - Other $0 v) OPWC Funds: - Loan Assistance $0

  • Financial Management; Financial Reports; Audits 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions. 2. The Recipient shall ensure that interim unaudited financial reports for the Project are prepared and furnished to the World Bank not later than forty five (45) days after the end of each calendar quarter, covering the quarter, in form and substance satisfactory to the World Bank. 3. The Recipient shall have its Financial Statements for the Project audited in accordance with the provisions of Section 2.07(b) of the Standard Conditions. Each such audit of the Financial Statements shall cover the period of one fiscal year of the Recipient. The audited Financial Statements for each such period shall be furnished to the World Bank not later than six (6) months after the end of such period.