Financial years Clause Samples
The 'Financial years' clause defines the specific 12-month periods used by an organization for accounting and financial reporting purposes. Typically, it establishes the start and end dates of each financial year, which may align with the calendar year or follow a different schedule, such as from July 1 to June 30. By clearly specifying these periods, the clause ensures consistency in financial statements, budgeting, and compliance with regulatory requirements, thereby preventing confusion or disputes over which transactions belong to which financial year.
Financial years. No Obligor shall change the duration of any of its financial years.
Financial years. (1) The first financial year of a Limited Liability Partnership starts on the day on which it is incorporated and lasts for 12 months or some other period not exceeding 18 months as may be determined by the Members.
(2) The second and any subsequent financial year shall start at the end of the previous financial year and shall last for 12 months or some other period which is within 7 days either shorter or longer than 12 months as may be determined by the Members.
Financial years. 22 12.2 Preparation and Certification of Annual Financial Statements..
Financial years. In the event that during the course of a FINANCIAL YEAR the CENTRAL BILLING PARTY determines that the STANDING CHARGES of either SCARAB SYSTEM in that FINANCIAL YEAR will exceed the approved Estimated STANDING CHARGES by more than ten (10) percent, the CENTRAL BILLING PARTY shall provide the OPERATING COMMITTEE with revised estimate of STANDING CHARGES for its information.
Financial years. The following Reports are due for submission as follows: Reports 2010-11 Financial Year 2011-12 Financial Year 2012-13 Financial Year CLSP Plan* for agreement period Already submitted Not Required Not Required Annual Accrual Budget 31 July 2010 31 July 2011 31 July 2012 Excess Surplus Spending Proposal 31 October 2010 31 October 2011 31 October 2012 Annual Targets* Already submitted 1 May 2011 1 May 2012 Funds Report for 1st quarter 31 October 2010 31 October 2011 31 October 2012 Progress Report 1** for 6 months 31 January 2011 31 January 2012 31 January 2013 Funds Report for 2nd quarter (6 months) 31 January 2011 31 January 2012 31 January 2013 Funds Report for 3rd quarter (9 months) 30 April 2011 30 April 2012 30 April 2013 Progress Report 2 for 12 months 31 July 2011 31 July 2012 31 July 2013 Interim Funds Report for 4th quarter (12 months) 31 July 2011 31 July 2012 31 July 2013 Annual Report 31 October 2011 31 October 2012 31 October 2013 Audited Financial Statements including final Funds Report for 4th quarter (12 months) 31 October 2011 31 October 2012 31 October 2013 Certificate of Compliance (to be lodged after all other annual reports) 31 October 2011 31 October 2012 31 October 2013 Data submission – EVERY MONTH by 21st of the following month by 21st of the following month by 21st of the following month ** Not required for Organisations receiving up to $100,000 of Schedule 1 funds per Financial Year, excluding any one-off funds. This Schedule is established in respect of the / Financial Year
Financial years. Neither Borrower, nor Kingsway America nor any of their Subsidiaries shall change their Financial Year end to a date which is other than December 31.
Financial years. The first financial year of the Partnership shall run from the date of the formation of the Partnership up to and including 31 December 2000. In subsequent years, the financial year of the Partnership shall be concurrent with the calendar year.