Common use of Financial Management System Clause in Contracts

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and ii. Source documentation to support accounting records; and iii. Proper charging of costs and cost allocation.

Appears in 13 contracts

Sources: Regional Workforce Services Contract, Workforce Services Agreement, Workforce Services Professional Contract

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s system shall provide fiscal control and accounting procedures that will include the following: i. (1) Information pertaining to tuition ratessubgrant and contract awards, paymentsobligations, unobligated balances, assets, expenditures, and educational assistance payments; andincome; ii. (2) Effective internal controls to safeguard assets and assure their proper use; (3) A comparison of actual expenditures with budgeted amounts for each subgrant and contract; (4) Source documentation to support accounting records; and iii. (5) Proper charging of costs and cost allocation.

Appears in 8 contracts

Sources: Wia Youth Cost Reimbursement Agreement, Wia Youth Cost Reimbursement Agreement, Cost Reimbursement Agreement

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and ii. Source documentation to support accounting records; and; iii. Proper charging of costs and cost allocation.

Appears in 8 contracts

Sources: Senior Non Emergency Medical Transportation Services Agreement, Senior Non Emergency Medical Transportation Services Agreement, Contract for Senior Non Emergency Medical Transportation Services

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s ’S system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments;; and ii. Source documentation to support accounting records; and iii. Proper charging of costs and cost allocation.

Appears in 6 contracts

Sources: Wia/Wioa Youth Employment Program Services Contract, Wia/Wioa Youth Employment Program Services, Contract for Youth Employment Program Services

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s system shall provide fiscal control and accounting procedures that will include the following: i. 1. Information pertaining to tuition rates, payments, and educational assistance payments; and; ii2. Source documentation to support accounting records; and iii3. Proper charging of costs and cost allocation.

Appears in 3 contracts

Sources: Professional Services, Contract for Comprehensive/Satellite One Stop Centers & Business Services, Contract for Comprehensive/Satellite One Stop Centers & Business Services

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s ’S system shall provide fiscal control and accounting procedures that will include the following: i. Information pertaining to tuition rates, payments, and educational assistance payments; and ii. Source documentation to support accounting records; and iii. Proper charging of costs and cost allocation.

Appears in 2 contracts

Sources: Veteran’s Employment Related Assistance Program Services Contract, Veteran’s Employment Related Assistance Program (Veap) Services

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s ’S system shall provide fiscal control and accounting procedures that will include the following: i. 22 (1) Information pertaining to tuition ratessubgrant and contract awards, paymentsobligations, unobligated 23 balances, assets, expenditures, and educational assistance paymentsincome; 24 (2) Effective internal controls to safeguard assets and assure their proper use; and ii. Source documentation to support accounting records; and iii. Proper charging of costs and cost allocation.25 contract;

Appears in 1 contract

Sources: Dispute Resolution Program Agreement

Financial Management System. CONTRACTOR shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. CONTRACTOR’s CONTRACTOR‟S system shall provide fiscal control and accounting procedures that will include the following: i. 1. Information pertaining to tuition rates, payments, and educational assistance payments; and; ii2. Source documentation to support accounting records; and iii3. Proper charging of costs and cost allocation.

Appears in 1 contract

Sources: Professional Services