Financial Records and Annual Audit Sample Clauses

Financial Records and Annual Audit. The school agrees to establish, maintain and retain appropriate financial records in accordance with all applicable federal, state and District laws, rules and regulations and procedures.
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Financial Records and Annual Audit. Financial statements are to be submitted to the School District according to the reporting schedule as specified below in Section
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Financial Records and Annual Audit. TCA agrees to establish, maintain, and retain appropriate financial records in accordance with all applicable federal, state, and local laws, rules, and regulations, and make such records available to the School District, as requested, from time to time; provided that, for those services that the School District agrees to perform under this Contract, the School District will maintain and make available such records. TCA agrees to cooperate in an independent, outside audit by a certified public accountant of its financial and administrative operations on an annual basis. The TCA audit shall be performed by an independent auditor selected by TCA using TCA’s procurement process, and approved by the district, in conjunction with the audit of the School District itself. The results of the audit, including the auditor’s management letter, notice of findings or questioned costs, or any other written communications between TCA and the independent auditor shall be provided to the School District by TCA in written form within the same statutory time limits required of the School District and shall be published and posted as required by law. Any cost associated with the audit of TCA shall be borne by TCA. TCA further agrees to participate in the District’s annual financial audit, beginning with the 2001-2002 fiscal year and subsequent years only as required by state statute and Colorado Department of Education regulations.
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Financial Records and Annual Audit. Horizons agrees to establish, maintain, and retain appropriate financial records in accordance with all applicable federal, state, and local laws, rules, and regulations, and make such records available to the School District, as requested, from time to time; provided that, for those services that the School District agrees to perform under this Contract, the School District will maintain and make available such records. Horizons shall similarly make the records (except the personnel files) of any of its supporting I.R.C. § 501(c)(3) organizations available to the School District upon request. Horizons agrees to cooperate in an independent, outside audit by a certified public accountant of its and, if required by the School District, its supporting organizations' financial and administrative operations on an annual basis. The Horizons audit shall be performed by the School District’s independent auditors in conjunction with the audit of the School District itself. The results of the audit shall be provided to the School District in written form within the same statutory time limits required of the School District and shall be published and posted as required by law. Any cost associated with the audit of Horizons (but not of its supporting organizations) is included in amount designated on Exhibit B for central administrative overhead costs.
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Financial Records and Annual Audit. Financial statements are to be submitted to the School District not less than quarterly. LCS agrees to establish, maintain, and retain appropriate financial records in accordance with all applicable federal, state, and local laws, rules, and regulations, and make such records available to the School District as requested from time to time; provided that, for those services that the School District agrees to perform under this Contract, the School District will maintain and make available such records. LCS agrees to cooperate in an independent, outside audit by a certified public accountant of its financial and administrative operations on an annual basis. The LCS audit shall be performed by independent auditors with experience in conducting School District and/or charter school audits and shall be coordinated with the audit of the School District itself. LCS agrees to provide all relevant information to the auditors by September 1 of each year and to cooperate in finalizing the School District's audit on or before October 31. The results of the audit shall be provided to the School District in written form within the same statutory time limits required of the School District and shall be published and posted as required by law. Any cost to the School District associated with the audit of LCS shall be added to the amount designated on Exhibit C for purchased Business Services. If LCS contracts separately for its audit, it shall negotiate and pay the cost of its audit directly. In the event LCS fails to provide the financial information to the School District in the form and on the dates provided for in this Contract or as otherwise required by the state or federal government, the School District may withhold up to ten percent (10%) of any payment then due the school until such time as LCS complies with the financial reporting requirements.
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Financial Records and Annual Audit. The Charter School agrees to establish, maintain, and retain appropriate financial records in accordance with all applicable federal, state, and District laws, rules, and regulations and procedures.
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Related to Financial Records and Annual Audit

  • Records; Audits Merck will keep, and will cause each of the other Selling Parties, as applicable, to keep, and Moderna will keep, adequate books and records of accounting for the purpose of calculating all royalties and other amounts payable by either Party to the other Party hereunder and ensuring each Party’s compliance hereunder. For the [***] following the end of the Calendar Year to which each will pertain, such books and records of accounting (including those of its Affiliates, as applicable) will be kept at each of their principal place of business. At the request of either Party, the other Party will permit (and procure its Affiliates, to permit) an independent certified public accounting firm of internationally recognized standing selected by the auditing Party and reasonably acceptable to the other Party to have access during normal business hours to such of the records as may be reasonably necessary to verify the accuracy of the payments [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 406 PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED due hereunder for any Calendar Year ending not more than [***] following the end of any Calendar Year. Such examinations may not be conducted more than once in any Calendar Year or be repeated for any Calendar Year. The accounting firm shall disclose to the auditing Party only whether the reports are correct or incorrect and the amount of any discrepancy. No other Confidential Information shall be provided. If such accounting firm correctly identifies a discrepancy made during such period, the appropriate Party shall pay the other Party the amount of the discrepancy within [***] of the date of delivery of such accounting firm’s written report so correctly concluding, or as otherwise agreed upon by the Parties. The fees charged by such accounting firm shall be paid by the auditing Party, provided that if the underpayment or overcharge exceeds [***], the audited Party shall pay the fees. Upon the expiration of [***] following the end of any Calendar Year, absent willful misconduct or fraud by a Party (its Affiliates, as applicable) the calculation of amounts payable with respect to such Calendar Year shall be binding and conclusive upon the Parties, and the Parties shall be released from any liability or accountability with respect to amounts payable for such Calendar Year. The auditing Party shall treat all financial information subject to review under this Section 8.6(c) in accordance with the confidentiality and non-use provisions of this Agreement, and shall cause its accounting firm to enter into an acceptable confidentiality agreement with the audited Party obligating it to retain all such Confidential Information in confidence pursuant to such confidentiality agreement.

  • Financial Reports Borrower shall furnish to Agent the financial statements and reports listed hereinafter (the “Financial Statements”):

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