Financial Control. 4.4.1. The Contractor shall keep accurate books and accounts in respect of the Project Services and, if requested in writing by NICE, shall (at its own expense) have them certified by a professional firm of auditors.
Financial Control. Segregation of accounting costs. Adequate accounting system. Favorable cash flow-ratios. Availability of a line of credit or other source of financial income to support the work effort. Prompt payment of subcontractors and suppliers.
Financial Control. The Contractor shall keep accurate books, records and accounts in respect of the Project (in accordance with sound and prudent financial management) and, if requested in writing by NICE, shall (at NICE’s expense) have them certified by a professional firm of auditors. The Contractor shall permit NICE to inspect and take copies of any books, records and accounts that NICE may require in relation to this Agreement. If, at NICE’s request, the Contractor undertakes any copying on behalf of NICE NICE will be responsible for the responsible costs of such copying. For the purpose of: the examination and certification of NICE’s accounts; or any examination pursuant to section 6(1) of the National Audit Act 1983 or any re-enactment thereof of the economy, efficiency and effectiveness with which NICE has used its resources; the Controller and Audit General and NICE or its auditors may examine such documents as he may reasonably require which are owned, held or otherwise within the control of the Contractor and may require the Contractor to produce such oral or written explanation as he considers necessary. For the avoidance of doubt it is hereby declared that the carrying out of an examination under Section 6(3)(d) of the National Audit Act 1983 or any re-enactment thereof in relation to the Contractor is not a function exercisable under this Agreement. Communication between NICE and Contractor The Contractor shall ensure that all communications with NICE concerning the Project shall only be between the nominated representatives of both Parties, that is, the Authorised Officer, and the Senior Lead. The Contractor shall issue NICE with reasonable notice of any meetings of the Safe Staffing Economics Unit (SSEU) and invite the Authorised officer and other NICE staff as NICE deem necessary to attend these meetings. The Contractor shall attend meetings with NICE and the Safe Staffing Economics Unit (SSEU) members when NICE, acting reasonably, considers it appropriate. Governance The Contractor shall ensure that the affairs of the Safe Staffing Economics Unit (SSEU) as they relate to the performance of the Project are at all times conducted in accordance with sound principles of governance. The Contractor shall consult with NICE when managing or when considering amendments to the membership of the Safe Staffing Economics Unit (SSEU) and will comply with Clause 9.6 and Clause 18 below. Laws and Regulations The Contractor shall adhere to all laws and regulations relating t...
Financial Control. In carrying out its duties hereunder, the Contractor will be responsible for:
Financial Control. The Grantee confirms that they have adequate financial control systems in place to manage funds. Fees and payments will only be made for services (Artists/designer/photographer/admin/etc.) and products (suppliers/materials that support Project production) outlined in the Project budget, subject to the receipt of drawdown requests from payees. Payments vs drawdown requests will be monitored in an account log. At the start of each financial year, the Department will request the following from the grantee: • Budget Submission for previous financial year • Declaration from grantee (template will be issued at beginning of year) • Audited Accounts • Letter identifying funding in audited accounts (if necessary – sometimes audited accounts may not explicitly outline individual programmes, they may be included under a general title)
Financial Control. 6.4.1 Invoices for services are provided within 10 working days of the end of the calendar month and copied by e mail to the Hearings Manager.
Financial Control. (1) The Management Committee shall cause full and true accounts of the Fund to be kept.
Financial Control. AUDIT1 DEPARTMENT – CENTRAL HARMONISATION UNIT FOR FINANCIAL CONTROL (CHU) The CHU is the department of the Ministry of Finance authorised to execute functions of the central administrative body for financial control in line with Act No. 320/2001 Coll., on financial control. Its tasks are to:
Financial Control. The rules on financial control relating to Swiss participants in the MEDIA 2007 programme are set out in Annex III.
Financial Control. Yes No 1.1 Does the individual have an independently established business related to the contractual service to be performed? � � 1.2 Will the individual be paid on a recurring or regular basis similar to a payroll cycle? � � 1.2a If not, when will the individual be paid for services? For example: upon completion; at agreed upon deadlines; etc. Please indicate when: 1.3 Does the individual offer similar services to entities other than the University on a regular basis? � � 1.4 Does the University have the right to withhold payment if it determines the work is unsatisfactory? � � 1.5 Will the individual pay for ALL expenses related to the requested services or will the University reimburse related expenses? Please indicate by circling answer. � �
