Fiscal Control. The Applicant will use fiscal control and fund accounting procedures and will ensure proper disbursement of, and accounting for, federal funds received and distributed under this program [2 CFR §328(1)].
Fiscal Control a. The LHD shall comply with the Local Government Budget and Fiscal Control Act, North Carolina General Statute Chapter 159, Article 3.
Fiscal Control. 1. The Department shall comply with the Local Government Budget and Fiscal Control Act, North Carolina General Statute Chapter 159, Article 3.
Fiscal Control. The SUBRECIPIENT shall be responsible for the internal control and monitoring of fiscal and programmatic/operational goals and procedures. The SUBRECIPIENT shall establish such fiscal controls and fund accounting procedures as required by Federal regulations, or as may be deemed necessary by HUD and CITY to ensure the proper disbursal of, and accounting for, funds paid to the SUBRECIPIENT under the CDBG PROGRAMS.
Fiscal Control. The Company shall adopt a Management of Fiscal Affairs Policy applicable to the Group Companies, which policy shall be reasonably satisfactory to a majority in interest of the holders of the then outstanding Preferred Shares.
Fiscal Control. The Intergovernmental Agency shall maintain its financial records in accordance with generally accepted accounting principles. An annual budget shall be adopted by the Intergovernmental Agency. All financial activities shall be audited by a certified public accountant at the conclusion of each fiscal year. Members shall be furnished copies of the annual audit and all other financial records they may from time to time request.
Fiscal Control. The Contractor shall be responsible for the internal control and monitoring of fiscal and programmatic/operational goals and procedures. The Contractor shall establish such fiscal controls and fund accounting procedures as required by Federal regulations, or as may be deemed necessary by FEMA, Cal OES and the County to ensure the proper disbursal of, and accounting for, funds paid to the Contractor under the HMGP for compliance monitoring by the County per 2 CFR 200.303 (Internal Controls). Disbursement of Funds: HMGP funds shall generally be disbursed by County to the Contractor on a reimbursement for actual expenses basis. The County agrees to pay the Contractor progress payments at the time and in the manner set forth in the Schedule of Compensation, Exhibit A. Payment by the County is not to be construed as final in the event FEMA and/or the Cal OES disallow reimbursements for the project or any portion thereof. Source documentation, as specified by the County, supporting the invoice(s) shall be submitted by the Contractor with request for payment. The Contractor shall be liable for all amounts which are determined to be due by FEMA and/or Cal OES including, but not limited to, disallowed costs which are the result of the Contractor’s or its sub- contractor’s conduct under this Contract. The Contractor shall be notified in writing and shall be permitted to respond regarding any controversy or proceeding between the County and FEMA and/or Cal OES arising from this Contract. Disallowed costs for which payment has been made by the County shall be withheld from future payments or from final retention. If adequate funding is not available, the Contractor shall reimburse the County. All financial transactions must be supported by complete and verifiable source documents. Records shall provide a clear audit trail and shall be maintained as specified in Section 20 (Agreement Responsibility for Monitoring and Records) of this Contract.
Fiscal Control. Fiscal control shall be exercised by the Comptroller General of Medellin, under the terms set forth in the Constitution and the Law.
Fiscal Control. The Grantee shall maintain accounting records and establish policies and provide procedures to assure sound fiscal control, effective management, and efficient use of Grant funds. The Grantee shall establish fiscal control and accounting procedures to assure proper disbursement of, and accounting for, grant funds. Accounting procedures must provide for the accurate and timely recording of receipt of funds by source, expenditures made from such funds, and unexpended balances. Controls must be adequate to insure that expenditures charged to grant activities are made for allowable purposes only.
Fiscal Control. The Charter School shall designate a Chief Financial Officer from a preapproved list of three (3) candidates available on the CSA’s website. The Chief Financial Officer may be a contractor rather than a school employee; however, the CSA will hold the Charter School accountable for all financial operations of the Charter School.
