Fiscal Management. UNIVERSITY will maintain complete and accurate accounting records in accordance with accepted accounting practices for institutions of higher education. UNIVERSITY will make the accounting records available for inspection and audit by SPONSOR or its authorized agent, at reasonable times upon reasonable notice at SPONSOR’s expense for three years following the end of UNIVERSITY's fiscal year (July 1 - June 30) in which Research Costs are incurred.
Fiscal Management. Grantee must have accounting and internal control systems to ensure proper management of federal and state funds, maximize non-federal resources, and maintain solvency. Xxxxxxx’s accounting and internal control systems must meet the following requirements:
Fiscal Management i. The Governing Board shall comply with the same financial audits, audit procedures and audit requirements of school districts. The program, financial, and compliance audits may be conducted by the chartering entity or the Legislative Auditors Office. The Governing Board shall maintain the financial records of the School pursuant of the governing authority and the State Auditor’s Office.
Fiscal Management. The Counties consenting to this Agreement, along with the local WDB, will select the WIOA Grant Recipient and Administrative Entity. The WIOA Grant Recipient is responsible for the job training and related services. The Administrative Entity shall keep itemized and detailed records covering all expenditures under the budget incorporated in the jointly approved and submitted Local Plan from the Authorized Representative and the WDB. The local WDA Administrative Entity shall conform to all the fiscal requirements of all applicable laws.
Fiscal Management. The Contractor must:
Fiscal Management. 1. The Association will conduct its fiscal operations in accordance with accepted business practices. This includes the appropriate use of a funds accountability system, purchase orders, receipts, invoices, and inventory records.
Fiscal Management. The Executive Director is responsible for the care and custody of all funds of the Authority and for the prudent management of the resources of the Authority. The Executive Director oversees all bookkeeping, accounting and financial activities including but not limited to: Deposit all funds of the Authority in the name of the Authority in such bank or banks as the Board shall select; Maintenance of accurate books of account showing receipts and expenditures; Preparation of an annual budget within budget guidelines for review and approval by the Board and DHCD as well as operating statements and financial reports and submissions; Maintenance of an accurate inventory of agency property and protect all such property; Procurement and purchase activities in accordance with procedures approved by the Board and in accordance with all applicable state, federal and local laws, and;. Make notification to DHCD of any potential legal claims or lawsuits brought against the Authority for any incidents occurring on state-aided property. Personnel. Executive Director is authorized to transact all personnel actions subject to the Personnel Policy, and to report such actions as necessary to the Board. The Executive Director is responsible for: Recruitment, hiring, staffing and supervision of department heads and any personnel not under the supervision of department heads; Ensuring that performance evaluations of all staff are completed; Determining the need for travel and training of all employees, and approval or denial of staff travel and training requests, consistent with the Authority’s annual budget; Promotion, demotion and disciplinary actions; and Review and update of the Personnel Policy and all job descriptions, as needed, and; Compliance with all state and federal employment laws.
Fiscal Management. The provisions for fiscal management of the Association set forth in the Articles of Incorporation shall be supplemented by the following provisions:
Fiscal Management. The Executive Director is responsible for the care and custody of all funds of the Authority and for the prudent management of the resources of the Authority. The Executive Director oversees all bookkeeping, accounting and financial activities including but not limited to:
Fiscal Management. Unless designated otherwise in the By-Laws, Joint Agreement or herein, and so long as said designation is consistent with the WIA, the XXX Board shall serve as Grant Recipient of, and be liable for any misuse of, grant funds allocated to the Bay WDA under Section 128 and 133 of the WIA. Notwithstanding a subsequent designation in accordance herewith, the XXX Board shall remain liable for any misuse of WIA funds granted hereunder. In addition and notwithstanding its designation of the BAWDB as the Sub-Recipient of said funds, the XXX Board shall remain liable for any misuse thereof. To prevent misuse hereunder: (1) the XXX Board shall continuously monitor, and shall require the BAWDB to continuously monitor, WIA grant-supported activities in accordance with the uniform administrative requirements of 29 CFR parts 95 & 97, as applicable and as amended from time to time, including the appropriate circulars of the Office of Management and Budget referenced within Section 184 of the WIA; and (2) shall require the BAWDB, as Sub-Recipient, to establish financial controls and procedures, satisfactory to the XXX Board, that accords with Generally Accepted Accounting Principles (GAAP), as well as any other federal and state laws, regulations, guidelines and/or procedures applicable to WIA grant funding At a minimum, the XXX Board shall require the following fiscal controls over the BAWDB and/or Sub-Recipient:
