Financial Procedures. 2.10.1 Financial year shall commence on the 1st July 2013 and end on the 30th June 2014, such period defined as the financial year shall be used for purposes of budgets, expenditures, cash flows and other operational requirements.
Financial Procedures. 4.1 The Organisation agrees to maintain proper governance and accounting arrangements and systems and practices to assist it with the proper management and administration of its finances. This must include:
Financial Procedures. A. At least ninety (90) days prior to the beginning of each calendar year, the Administrator shall present to the Committee of Signatories a draft budget to meet the Operating Costs for GEMAA activities. Following the incorporation of any changes to the budget it deems necessary, the Committee of Signatories shall approve the budget prior to sixty (60) days before the beginning of each calendar year.
Financial Procedures. Annually a budget will be prepared by the finance department of the Administrative Municipality with input from the Joint Board and Shellfish Conservation Committee. All funds and fines collected by the participating municipalities shall be held in a "Shellfish Ordinance Account(s)" by the Treasurer of the Administrative Municipality. Disbursement of account funds is restricted to costs directly incurred by implementation of this Agreement and/or Ordinance. Annually or on request, financial reports shall be provided to each participating municipality by the Administrative Municipality. Such reports shall include information concerning any jointly held properties. The fiscal year shall be the same as the Administrative Municipality's, or as set by the Municipal Joint Board. The intent is that this program will be paid for equally amongst the participating municipalities.
Financial Procedures. 1. Centre Region COG members shall pay their share of administrative expenses and program costs within 35 days of the date of billing.
Financial Procedures. Docs In Progress will maintain books and financial records for the Project in accordance with generally accepted accounting principles. Docs In Progress will provide reports reflecting fundraising revenue to the Project on a quarterly basis, within two weeks after the end of each quarter.
Financial Procedures. The departments of the Parties responsible for financial administration shall establish one or more standard operating procedures to harmonize their accounting systems as they relate to the calculation of Costs of Goods Sold, Sales and Marketing Costs, Operating Margin, and Gross Profits, and to establish efficient methods for the exchange of information concerning such calculations.
Financial Procedures. The financial arrangements depend on the option(s) chosen. Please, contact CIRAD for further information.
Financial Procedures. 6.1 The Company has established procedures which the Directors believe provide a reasonable basis for the Directors to make proper judgements of the financial position of the Company.
Financial Procedures. Each Party shall include in any agreement with its Affiliates or sublicensees terms requiring such party to retain records as required in this Section 7.5.3 and to permit the such Party to inspect such records as required by this Section 7.5.3.
