Common use of Financial Management Standards Clause in Contracts

Financial Management Standards. The CONTRACTOR shall maintain a financial and administrative system which complies with the standards in the most recent versions of appropriate Uniform Administrative Requirements and 2 CFR Part 200. CONTRACTOR shall maintain a separate accounting of funds received and disbursed under this Contract. All accounting for this Contract shall be maintained within the CONTRACTOR’s primary financial accounting system. The CONTRACTOR’s financial systems shall allow for effective fiscal and internal controls and accountability for funds, property, and other assets to ensure they are used solely for authorized purposes. CONTRACTOR shall maintain all data elements used in required reports in accordance with established program definitions. The CONTRACTOR’s financial systems will be maintained in accordance with Generally Accepted Accounting Principles and will be in compliance with all legal and contractual requirements. The CONTRACTOR’s financial system shall:

Financial Management Standards. The CONTRACTOR shall maintain a financial and financial/administrative system which complies with the standards in the most recent versions of appropriate Uniform Administrative Requirements and 2 CFR Part 200. CONTRACTOR shall maintain a separate accounting of funds received and disbursed under each contract referencing this ContractMaster Agreement. All accounting for each contract referencing this Contract Master Agreement shall be maintained within the CONTRACTOROrganization’s primary financial accounting systemFinancial Accounting System. The CONTRACTOR’s financial systems shall allow for effective fiscal and internal controls and accountability for funds, property, and other assets to ensure they are used solely for authorized purposes. CONTRACTOR shall maintain all data elements used in required reports in accordance with established program definitions. The CONTRACTOR’s financial systems will be maintained in accordance with Generally Accepted Accounting Principles and will be in compliance with all legal and contractual requirements. The CONTRACTOR’s financial system shall:

Financial Management Standards. The CONTRACTOR shall maintain a financial and financial/administrative system which complies with the standards in the most recent versions of appropriate Uniform Administrative Requirements and 2 CFR Part 200. CONTRACTOR shall maintain a separate accounting of funds received and disbursed under this Contract. All accounting for this Contract shall be maintained within the CONTRACTOROrganization’s primary financial accounting systemFinancial Accounting System. The CONTRACTOR’s financial systems shall allow for effective fiscal and internal controls and accountability for funds, property, and other assets to ensure they are used solely for authorized purposes. CONTRACTOR shall maintain all data elements used in required reports in accordance with established program definitions. The CONTRACTOR’s financial systems will be maintained in accordance with Generally Accepted Accounting Principles and will be in compliance with all legal and contractual requirements. The CONTRACTOR’s financial system shall:

Financial Management Standards. The CONTRACTOR shall maintain a financial and financial/administrative system which complies with the standards in the most recent versions of appropriate Uniform Administrative Requirements and 2 OMB Circulars for the organization; 20 CFR Part 200. 627.425; and CONTRACTOR shall maintain a separate accounting of funds received and disbursed under this Contract. All accounting for this Contract shall be maintained within the CONTRACTOROrganization’s primary financial accounting systemFinancial Accounting System. The CONTRACTOR’s financial systems shall allow for effective fiscal and internal controls and accountability for funds, property, and other assets to ensure they are used solely for authorized purposes. CONTRACTOR shall maintain all data elements used in required reports in accordance with established program definitions. The CONTRACTOR’s financial systems will be maintained in accordance with Generally Accepted Accounting Principles and will be in compliance with all legal and contractual requirements. The CONTRACTOR’s financial system shall: