Performance and Financial Reporting Clause Samples

The Performance and Financial Reporting clause requires parties to regularly provide updates on their progress and financial status related to the agreement. Typically, this involves submitting periodic reports detailing milestones achieved, expenditures, and any variances from the planned budget or schedule. By mandating transparent and timely reporting, this clause ensures accountability, enables effective monitoring, and helps identify issues early to facilitate corrective action.
Performance and Financial Reporting. The Agency shall keep orderly and complete records of its accounts and operations. The Agency shall maintain a system of internal controls adequate to safeguard and ensure proper use of governmental and other funds that it may receive. The City shall have the right to audit these records from time to time for compliance by the Agency with the terms, conditions, obligations, and requirements of this Agreement. The City shall have full access to all records, documents, and information, whether on paper or electronic media, of the Agency necessary to perform this review. The Agency agrees to submit the performance and financial reports in form and content acceptable to the City and in accordance with the schedule set forth on Exhibit “B” attached hereto and incorporated herein by this reference. At a minimum, subject to requests for additional information, such performance reports shall include an evaluation of the Services and must indicate the amount or level of Services provided to City of Orlando residents. Moreover, the reports shall be consistent with the Services detailed herein and shall identify expenditures associated with or related to the Funds. Failure to comply with the requirement for submission of such reports in form and content shall constitute grounds for termination of this Agreement and may result in the ineligibility of the Agency to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to receipt of any payment under this Agreement. 5. 501(c)3 STATUS. Agency represents and warrants to City that it has applied for and received tax exempt status from the United States Internal Revenue Service (“IRS”) as a 501(c)3 organization as evidenced by a determination letter from the IRS. A copy of the IRS letter approving Agency’s tax-exempt status shall be provided to the City prior to the distribution of any Funds to Agency. The Agency will maintain its tax-exempt status with the IRS and its status as an active entity in good standing with the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its IRS tax exempt status or its active or non-profit status with the State of Florida, it will immediately notify the City, and the City reserves the right to terminate this Agreement immediately and discontinue payments to the Agency.
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Performance and Financial Reporting. The Library agrees to submit Audited Financial Report, as specified in Exhibit C, to the City Manager or his/her designee in a form and with content acceptable to the City Manager or his/her designee attached hereto and incorporated herein by this reference. In addition, quarterly reports will include an evaluation of the Services and indicate the amount or level of Services provided to City residents (Exhibit “D”). Failure to comply with the requirement for submission of such reports in the form and with content acceptable to the City Manager or his designee will constitute grounds for termination of this Agreement and may result in the ineligibility of the Library to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to the Library’s receipt of any payment under this Agreement. Performance measures established by mutual agreement of the Parties are detailed in Exhibit “D”.
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Performance and Financial Reporting. The Parties agree to the performance reporting arrangements at Schedule H to this Agreement and the monthly financial reporting arrangements at Schedule C to this Agreement.
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Performance and Financial Reporting. The Parties agree to the Performance Reporting arrangements at Schedule G. The NDIA will provide to a nominated official a download from the database (de-identified as appropriate) of participant data at client unit record and aggregate level. The NDIA will provide access to a nominated number of officials in South Australia, with the capacity for this access to be delegated to additional officials for a defined purpose or period of time, to the case management and financial management systems in real time on a read only basis. The officials will need to abide by the NDIA’s confidentiality and privacy requirements. Any reporting additional to that set out in the ▇▇▇▇ ▇▇▇ ▇▇▇▇ and this part of the Bilateral Agreement may be negotiated with the NDIA on a fee for service basis and cost neutral changes to reporting may be agreed between the NDIA and the Parties at any time. The NDIA will be required to provide state-specific reports on Commonwealth and South Australian funding, covering funding, expenditure and in-kind services provided to participants at the end of every financial year.
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Performance and Financial Reporting. 11.1 Performance and Financial Monitoring and Reporting: Subrecipient must comply with 2 CFR § 200.328 through 200.330, 31 CFR Part 35, and all performance and financial monitoring and reporting requirements outlined in this agreement. Subrecipient is required to submit the performance and financial reports as specified and in accordance with the reporting schedules in Part E and F, both of which are attached hereto and incorporated as though fully set forth herein. Subrecipient is also required to provide other information and data, as deemed necessary by the City, to meet its reporting requirements to the Treasury and the State and in accordance with ARPA reporting requirements. Any delinquent or incomplete performance and/or financial reports must be received before the City can honor any reimbursement requests for the Appropriation. As stated in Section 13.2, sanctions will be imposed upon Subrecipient for failure to satisfy report due dates. Incidents of nonperformance will suspend grant operations until corrective measures are implemented. If the grant is conditioned, access to the Appropriation will be suspended pending a satisfactory cure to the related incident of nonperformance. With reasonable notice being given to Subrecipient, the City may schedule at least one on-site visit and other visits that may be needed during the course of this Agreement to satisfy compliance with any requirement of this Agreement.
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Performance and Financial Reporting 
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Related to Performance and Financial Reporting

  • Accounting and Financial Reporting 7.1 The Trustee shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements to Partner Entities made therefrom. 7.2 The Trustee shall furnish to the Donors current financial information relating to receipts, disbursements and fund balance in United States dollars of the Trust Fund with respect to the Contributions via the World Bank’s Trust Funds Donor Center secure website. Within six (6) months after all commitments and liabilities under the Trust Fund have been satisfied and the Trust Fund has been closed, the final financial information relating to receipts, disbursements and fund balance in United States dollars of the Trust Fund with respect to the Contributions will be made available to the Donors via the World Bank’s Trust Funds Donor Center secure website. 7.3 The Trustee shall provide to the Donors, within six (6) months following the end of each Trustee fiscal year, an annual single audit report, comprising: (a) a management assertion together with an attestation from the Trustee’s external auditors concerning the adequacy of internal control over cash-based financial reporting for all cash-based trust funds as a whole; and (b) a combined financial statement for all cash-based trust funds together with the Trustee’s external auditor’s opinion thereon. The cost of the single audit shall be borne by the Trustee. 7.4 If a Donor wishes to request, on an exceptional basis, a financial statement audit by the Trustee’s external auditors of the Trust Fund, the Donor and the Trustee shall first consult as to whether such an external audit is necessary. The Trustee and the Donor shall agree on the appropriate scope and terms of reference of such audit. Following agreement on the scope and terms of reference, the Trustee shall arrange for such external audit. The costs of any such audit, including the internal costs of the Trustee with respect to such audit, shall be paid by the requesting Donor. 7.5 The Trustee shall furnish the Steering Committee and each Donor with: (a) copies of all unaudited or audited financial reports; and (b) any other relevant financial information received from the Partner Entities.

  • Fund Valuation and Financial Reporting Services (1) Account for Fund share purchases, sales, exchanges, transfers, dividend reinvestments, and other Fund share activity as reported by the Fund’s transfer agent on a timely basis. (2) Apply equalization accounting as directed by the Fund. (3) Determine net investment income (earnings) for the Fund as of each valuation date. Account for periodic distributions of earnings to shareholders and maintain undistributed net investment income balances as of each valuation date. (4) Maintain a general ledger and other accounts, books, and financial records for the Fund in the form as agreed upon. (5) Determine the net asset value of the Fund according to the accounting policies and procedures set forth in the Fund’s current prospectus. (6) Calculate per share net asset value, per share net earnings, and other per share amounts reflective of Fund operations at such time as required by the nature and characteristics of the Fund. (7) Communicate to the Fund, at an agreed upon time, the per share net asset value for each valuation date. (8) Prepare monthly reports that document the adequacy of accounting detail to support month-end ledger balances. (9) Prepare monthly security transactions listings.

  • Annual Reporting Within 90 days after the close of each of its respective fiscal years, audited, unqualified consolidated financial statements (which shall include balance sheets, statements of income and retained earnings and a statement of cash flows) for Provider for such fiscal year certified in a manner acceptable to the Agent by independent public accountants acceptable to the Agent.

  • Financial Reporting Requirements The Charter School shall follow the financial requirements of the Charter Schools Section of the Department’s Financial Management for Georgia Local Units of Administration Manual. The Charter School shall submit all information required by the State Accounting Office for inclusion in the State of Georgia Comprehensive Annual Financial Report.

  • Financial Reporting and Rent Rolls Each Mortgage Loan requires the Mortgagor to provide the owner or holder of the Mortgage Loan with (a) quarterly (other than for single-tenant properties) and annual operating statements, (b) quarterly (other than for single-tenant properties) rent rolls (or maintenance schedules in the case of Mortgage Loans secured by residential cooperative properties) for properties that have any individual lease which accounts for more than 5% of the in-place base rent, and (c) annual financial statements.