External Agency definition
Examples of External Agency in a sentence
GENERAL LEDGER ACCOUNTS: IU shall establish a general ledger account in the KUALI Financial System (“KFS”) for Agency upon request by the External Agency representative and approval by the Fiscal Officer.
TERM AND RENEWAL: The term of this External Agency Agreement shall be for an initial period of three (3) years commencing on the date of execution.
The primary External Agency Representative is [name, position/title with Agency], the primary IU Representative is [name, position/title with IU], and the Fiscal Officer for the Agency account on the IU general ledger is [name, position/title with IU].
Notice shall be provided by IU to Fiscal Officer, who will promptly inform the External Agency Representative.
INFORMATION TECHNOLOGY: IU may establish or provide data networking, access to the Internet, or computer accounts including email for Agency personnel upon request by the External Agency Representative and with approval by the Fiscal Officer and the Office of the Vice President for Information Technology.
In the event that the Ministry of Education issues a Policy/Program Memoranda (PPM) with respect to External Agency Personnel, the parties agree to meet to review the implications of the PPM.
TERMINATION PROCESS: Requests for termination must comply with External Agency Account Termination Procedures attached to Policy VI-90, External Agency Agreements.
IU may enter into contractual agreements to serve as fiscal agent for certain entities which are external to IU governance (External Agencies), for the purpose of facilitating the mutual achievement of educational, research and public services purposes and goals, but only in such instances where the purpose and function of the External Agency relates to, and is consistent with, IU’s mission.
This agreement shall be reviewed in accordance with the standards established in IU Financial Institutional Policies on External Agency Agreements.
Campus administration will be responsible for ensuring that the agency account(s) is (are) end-dated and any reimbursement due to IU for expenditures incurred or accrued are repaid, consistent with the External Agency Agreement Termination Procedure.