Systems for Handling Funds Clause Samples
Systems for Handling Funds. The fiscal sponsor, for all funds in its care, establishes and maintains sound systems, policies, procedures and internal controls that are based on generally accepted financial and accounting principles and regulations including project expense sign‐offs and approvals, written project agreements, and clear line item project budgets.
Systems for Handling Funds. Life Lab agrees to establish and maintain sound systems, policies, procedures and internal controls that are based on generally accepted nonprofit financial and accounting principles and regulations, including Growing Healthy Kids project expense approvals and written Growing Healthy Kids project agreements.