Final Reconciliation Sample Clauses
The Final Reconciliation clause establishes the process for settling all outstanding financial obligations between parties at the conclusion of their contractual relationship. Typically, this involves a comprehensive review of payments made, costs incurred, and any adjustments required to ensure that each party has fulfilled its monetary responsibilities, such as reimbursing overpayments or collecting unpaid balances. Its core practical function is to ensure that all accounts are accurately balanced and that neither party is left with unresolved financial claims, thereby providing closure and preventing future disputes over payments.
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Final Reconciliation. Each hospital's uncompensated care costs must be recomputed based on the hospital's audited cost report for the actual service period. The cost report is audited and settled by the Medicare contractor to determine final allowable costs and reimbursement amounts as recognized by Medicare. SNCP uncompensated care payments made to the hospital for a DY cannot exceed the recomputed uncompensated care cost limit. If, at the end of the final reconciliation process, it is determined that expenditures claimed exceeded the individual hospital's uncompensated care cost limit, the overpayment will be recouped from the hospital, and the federal share will be properly credited to the federal government. The final reconciliation follows the same computation as outlined above in the Interim Computation of Uncompensated Care Costs steps, except that the per diems and RCCs, Medicaid and uninsured days and charges, and payment offset amounts used will pertain to the actual service period (rather than the prior period). Per diems and RCCS will be derived from the audited cost report, and Medicaid and uninsured days, charges and payments will be updated with the latest available auditable data for the service period. No trending factor will be applied. The uncompensated care costs must again be adjusted to remove costs related to non-emergency services furnished to unqualified aliens. The state must ensure that there is no duplication of payments for the same hospital uncompensated care costs under the SNCP and under DSH; SNCP payments must be accounted for in the hospital's OBRA 93 hospital-specific limit. A hospital's uncompensated care cost limit is determined for the twelve month period in each DY, except for all other hospitals in DY 3 in which the uncompensated care cost limit is computed for the three month period ending December 31, 2013. Where a hospital's cost reporting period does not coincide with the DY (or partial DY in DY3), the uncompensated care costs computed for a cost reporting period can be allocated to the DY (or partial DY) based on the number of cost reporting months that overlap with the DY (or partial DY). This is consistent with the methodology for the computation of the OBRA 93 hospital-specific limit for a given DSH State Plan Rate Year. The final reconciliation described above will be performed and completed within six months after the audited hospital Medicare cost report(s) are made available. The final computation of hospital uncompensated car...
Final Reconciliation. A. The Contractor agrees to submit a final reconciliation on form DOL-14, Invoice/Status of Funds Report to the DOL, reporting actual expenditures for this agreement no later than thirty (30) days after the ending date of this agreement.
B. Any funds paid to the Contractor and remaining unspent after the end date of the agreement will be refunded to the DOL with the final reconciliation described in 3..A. above. The refund check must be made payable to "Treasurer, State of Connecticut". (Rev 3/24/2014)
Final Reconciliation. The Parties will use commercially reasonable efforts to complete a final reconciliation of Cash amounts upon termination or expiration of this Agreement within 10 Business Days after the effective date of such termination or expiration.
Final Reconciliation a. All Xxx Xxxxx funds must be properly recorded and allocated to the appropriate award year for which the funds were advanced and disbursed.
b. Institutions shall reconcile all award year Xxx Xxxxx funds received and disbursed by the Institution no later than the month of September following the award year or an earlier final processing date as directed by the Commission.
c. The final reconciliation of Xxx Xxxxx expenditures is to be on a student- by-student basis for the payment period and award year.
d. Upon final award year reconciliation by the Institution, the Institution may, at any time prior to invoicing, repay any Xxx Xxxxx funds in excess of the reconciled amount to the Commission.
e. Upon final reconciliation by the Commission, if the Institution has any outstanding balances, the Institution shall be invoiced for those funds. The invoice shall be due and payable to the Commission within thirty
Final Reconciliation. For each provider subject to cost settlement, the Commonwealth must complete final settlement within 12 months after the provider’s final and audited (as applicable) cost report become available. The Commonwealth must submit cost and payment information for that demonstration year as required by the CMS-approved cost limit protocol. Any increasing or decreasing adjustment identified as a result of the settlement must be reported to CMS as an adjustment to reported expenditures and reported through the CMS-64 process. CMS will complete its review of the costs reported using the protocol tool and send concurrence or share its findings with the Commonwealth within 120 calendar days of receipt. Standard Medicaid Funding Process. The standard Medicaid funding process must be used during the demonstration. Massachusetts must estimate matchable demonstration expenditures (total computable and federal share) subject to the budget neutrality expenditure limit and separately report these expenditures by quarter for each FFY on the Form CMS-37 (narrative section) for both the Medical Assistance Payments (MAP) and State and Local Administrative Costs (ADM). CMS shall make federal funds available based upon the state’s estimate, as approved by CMS. Within 30 calendar days after the end of each quarter, the state must submit the Form CMS-64 quarterly Medicaid expenditure report, showing Medicaid expenditures made in the quarter just ended. CMS shall reconcile expenditures reported on the Form CMS-64 with federal funding previously made available to the state, and include the reconciling adjustment in the finalization of the grant award to the state.
Final Reconciliation. Within sixty (60) Days after expiration of the Term or the earlier termination of this Agreement, Seller and Buyer shall determine the amount of any final settlement payment. Seller shall send a statement to Buyer, or Buyer shall send a statement to Seller, as the case may be, for any final settlement payment due. Seller or Buyer, as the case may be, shall pay such amount no later than twenty (20) Business Days after the date of receipt of such statement.
Final Reconciliation. At the end of the Term or upon termination of this Agreement, the Housing Provider shall promptly complete and submit a final reconciliation to CMHC or its representative for review and approval. Following the review and approval of the reconciliation: (i) any surplus of funding received under this Agreement will be reimbursed to CMHC within thirty (30) calendar days from the approval of the reconciliation and, (ii) on condition that the Housing Provider is not in breach of this Agreement, any deficiency in funding under this Agreement will be made to the Housing Provider within thirty (30) calendar days from the approval of the reconciliation, upon which CMHC will have no further liability of any kind to the Housing Provider.
Final Reconciliation. X. XXXXX agrees to submit a final reconciliation on form DOL-14, Invoice/Status of Funds Report to the DOL, reporting actual expenditures for this agreement no later than thirty (30) days after the ending date of this agreement.
B. Any funds paid to UCONN and remaining unspent after the end date of the agreement will be refunded to the DOL with the final reconciliation described in 3.A. above. The refund check must be made payable to "Treasurer, State of Connecticut".
Final Reconciliation a. The parties agree that the accounting attached as Exhibit A, is an accurate and correct accounting of all income and expense associated with the operation of the Ice Rink for the 2017-2018 season.
b. The parties agree that the inventory attached as Exhibit B is an accurate inventory of all City property associated with the Ice Rink that MBI turns back over to the City.
Final Reconciliation. RCF and NPO shall reconcile all advance ticket sales on Friday, February 9, 2018 by scheduled appointment only, at the Riverside County Fairgrounds in the Shalimar Building 2nd Floor, Indio, CA. The appointment time for the final reconciliation will be made at the initial distribution appointment. NPO must keep scheduled appointment for final reconciliation or jeopardize their participation in future years. NPO hereby agrees to return all unsold tickets to RCF during reconciliation. NPO does hereby agree that it shall be held responsible for face value of any and all lost, stolen or otherwise unaccounted for tickets. NPO hereby agrees to reimburse RCF at advance purchase price as set forth in Exhibit “A” for all Advance Admission & Carnival tickets which cannot be accounted for during the final reconciliation and no later than Monday, February 12, 2018. Payment for sold tickets shall be the total gross ticket sales less the total commission due to NPO. Payment shall be made by cash, company check or money order and pre-approved purchase orders for school districts only, payable to the Riverside County Fair. No personal checks will be accepted. Cash should be paid in large bills (i.e. $20, $50 or $100) with no loose or rolled coins accepted. It is highly recommended that NPO utilize the reconciliation form or excel worksheet to calculate payment due to Riverside County Fair. A reconciliation form with instructions will be available on the Fair website at xxx.xxxxxxxx.xxx. If NPO has an email address, an Excel reconciliation worksheet and instructions can be sent to the NPO.