Financial Record. Without limitation of the requirement to maintain project accounts in accordance with generally accepted accounting principles, the Grantee must:
Financial Record. Maintain its books and records in accordance with generally accepted accounting principles, applied on a consistent basis, and permit Lender to examine and audit Borrower's books and records at all reasonable times.
Financial Record. 4.1 Since the Accounts Date, there has been no significant change in the financial or trading position of the Company or the Group and no Material Adverse Change (whether or not covered by insurance).
Financial Record. Without limitation of the requirement to maintain project accounts in accordance with generally accepted accounting principles, the Grantee must: Establish an official file for the Zero-Emission Drayage Truck and Infrastructure Pilot Project, which shall adequately document all significant actions relative to the project. Establish separate accounts, which will adequately and accurately depict all amounts received and expended on the Zero-Emission Drayage Tuck and Infrastructure Pilot Project. Establish separate accounts, which will adequately and accurately depict all income received which is attributable to the Zero-Emission Drayage Tuck and Infrastructure Pilot Project, including cash and in-kind match. Establish an accounting system, which will adequately depict final total costs of the Zero-Emission Drayage Tuck and Infrastructure Pilot Project, including both direct and indirect costs.
Financial Record. The Engineer and its contracted parties shall maintain satisfactory financial accounting documents and records, including copies of invoices and receipts, and shall make them available for examination and audit by the EXECUTIVE ADMINISTRATOR of the TWDB. Accounting by the Engineer and its contracted parties shall be in a manner consistent with generally accepted accounting principles.
Financial Record. The Grantee shall appoint a fiscal officer who is experienced and knowledgeable in generally accepted accounting principles and who shall be responsible for receiving, expending, and accounting for all funds in accordance with the budget and all of the terms hereof. Records and accounts of grant funds and cost-share contributions shall be maintained in accordance with generally accepted accounting principles for both nonprofit organizations and institutions of higher education and shall be available for inspection by the Council, its designated representatives, or any applicable agency of the United States Government during business hours throughout the period of the grant and for three years after the completion of the project or termination of the grant, whichever last occurs. The books, records, and accounts shall be kept at the address designated on the proposal. The Grantee shall advise the Council of any change of such address or location of the grant records. At its option, the Grantee may forward such records and accounts to the Council upon completion of the project. Records and accounts must be forwarded to the Council immediately in the event that the sponsoring organization is dissolved prior to the end of the retention period. The Grantee agrees to maintain separate books, which will explain the transactions and document the disbursements made on behalf of the project. Disbursements should be supported by original invoices, sales slips, cash register tapes, time sheets, etc., as well as by checks or vouchers. These items of supporting evidence shall be retained by the Grantee as part of the accounting records.
Financial Record. The Grantee shall appoint a fiscal officer who is experienced and knowledgeable in generally accepted accounting principles and who shall be responsible for receiving, expending, and accounting for all funds in accordance with the budget and all of the terms hereof. Records and accounts of grant funds and cost-share contributions shall be maintained in accordance with generally accepted accounting principles for both nonprofit organizations and institutions of higher education and shall be available for inspection by the Council, its designated representatives, or any applicable agency of the United States Government during business hours throughout the period of the grant and for three years after the completion of the project or termination of the grant, whichever last occurs. The books, records, and accounts shall be kept at the address designated on the proposal. The Grantee shall advise the Council of any change of such address or location of the grant records. Records and accounts must be forwarded to the Council immediately in the event that the sponsoring organization is dissolved prior to the end of the retention period. The Grantee agrees to maintain separate books that will explain the transactions and document the disbursements made on behalf of the project. Disbursements should be supported by original invoices, sales slips, cash register tapes, time sheets, etc., as well as by checks or vouchers. These items of supporting evidence shall be retained by the Grantee as part of the accounting records.
