Common use of Business Status Report Clause in Contracts

Business Status Report. [ONLY REQUIRED IF ADVANCED PAYMENTS ARE INCLUDED IN ATTACHMENT 3, SCHEDULE OF MILESTONES AND PAYMENTS] The business status report shall provide summarized details of the resource status of this Agreement, including the status of the Performer contributions. This report will include an accounting of current expenditures. Any major deviations, over plus or minus 10%, shall be explained along with discussions of the adjustment actions proposed. The report will also include an accounting of any interest earned on Government funds. The Performer is reminded that interest in amounts greater than One Thousand Dollars ($1,000.00) per year is not expected to accrue under this Agreement. In the event that this interest does accrue on Government funds, the Performer is required to provide an explanation for the accrual in the business report. Depending on the circumstances, the Payable Milestones may require adjustment. ATTACHMENT 3

Business Status Report. [ONLY REQUIRED IF ADVANCED PAYMENTS ARE INCLUDED IN ATTACHMENT 32, SCHEDULE OF MILESTONES AND PAYMENTS] The business status report shall provide summarized details of the resource status of this Agreement, including the status of the Performer contributions. This report will include an accounting of current expenditures. Any major deviations, over plus or minus 10%, shall be explained along with discussions of the adjustment actions proposed. The report will also include an accounting of any interest earned on Government funds. The Performer is reminded that interest in amounts greater than One Thousand Dollars ($1,000.00) per year is not expected to accrue under this Agreement. In the event that this interest does accrue on Government funds, the Performer is required to provide an explanation for the accrual in the business report. Depending on the circumstances, the Payable Milestones may require adjustment. ATTACHMENT 32:

Business Status Report. [ONLY REQUIRED IF ADVANCED PAYMENTS ARE INCLUDED IN ATTACHMENT 32, SCHEDULE OF MILESTONES AND PAYMENTS] The business status report shall provide summarized details of the resource status of this Agreement, including the status of the Performer contributions. This report will include an accounting of current expenditures. Any major deviations, over plus or minus 10%, shall be explained along with discussions of the adjustment actions proposed. The report will also include an accounting of any interest earned on Government funds. The Performer is reminded that interest in amounts greater than One Thousand Dollars ($1,000.00) per year is not expected to accrue under this Agreement. In the event that this interest does accrue on Government funds, the Performer is required to provide an explanation for the accrual in the business report. Depending on the circumstances, the Payable Milestones may require adjustment. ATTACHMENT 32: SCHEDULE OF MILESTONES AND PAYMENTS