Common use of Management and Financial Controls Clause in Contracts

Management and Financial Controls. At all times, the School shall maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to: (a) budgets, (b) accounting policies and procedures, (c) payroll procedures,

Management and Financial Controls. At all times, the School shall maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to: (a) budgets, (b) accounting policies and proceduresmethods, (c) payroll procedures,, (d) financial reporting and (e) internal control procedures for receipts, disbursements, purchases, payroll and fixed assets.