Accounting Requirements. CONTRACTOR shall comply with all applicable COUNTY, State, and Federal accounting laws, rules and regulations. CONTRACTOR shall establish and maintain accounting systems and financial records that accurately account for and reflect all Federal funds received, including all matching funds from the State, COUNTY and any other local or private organizations. CONTRACTOR’s records shall reflect the expenditure and accounting of said funds in accordance with all applicable State laws and procedures for expending and accounting for all funds and receivables, as well as meet the financial management standards in 45 CFR Part 92 and in the Office of Management and Budget 2 CFR Part 200 “Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.”
Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant funds as follows:
Accounting Requirements. The Grantee must maintain an accounting system that provides a complete record of the use of all grant funds as follows: The accounting system must be able to specifically identify and provide audit trails that trace the receipt, maintenance, and expenditure of state funds; Accounting records must adequately identify the sources and application of funds for all grant activities and must classify and identify grant funds by using the same budget categories that were approved in the grant application. If Grantee’s accounting system accumulates data in a different format than the one in the grant application, subsidiary records must document and reconcile the amounts shown in the Grantee’s accounting records to those amounts reported to the Division. An interest-bearing checking account or accounts in a state or federally chartered institution may be used for revenues and expenses described in the Scope of Work and detailed in the Estimated Project Budget. The name of the account(s) must include the grant award number; The Grantee's accounting records must have effective control over and accountability for all funds, property, and other assets; and Accounting records must be supported by source documentation and be in sufficient detail to allow for a proper pre-audit and post-audit (such as invoices, bills, and canceled checks).
Accounting Requirements. The RTC’s accounting system must be adequate to assure TRICARE is not billed for educational costs. ARTICLE 6
Accounting Requirements. The Subgrantee must maintain an accounting system that provides a complete record of the use of all grant funds as follows:
Accounting Requirements. Contractor shall establish and maintain an accounting system with procedures and practices in accordance with generally accepted accounting principles. The accounting system shall maintain records pertaining to the Services and all other costs and expenditures made under this Agreement, and the costs properly applicable to the Agreement shall be readily ascertainable therefrom.
Accounting Requirements. The Designer shall cause to be maintained complete, accurate and detailed records of all time devoted to the Project by the Designer and each Subconsultant employed by the Designer. The Owner, the Authority, and the Commonwealth’s Inspector General may at all reasonable times audit such records that directly pertain to this Contract. On a Contract where the Fee for Basic Services exceeds $100,000 the Designer shall comply with M.G.L. c.30 §39R which requires the Designer to:
Accounting Requirements. All accounting terms shall be construed, and all accounting determinations required to be made pursuant to any Loan Document, including with respect to financial covenant compliance, shall, unless otherwise expressly provided, be made, in accordance with GAAP. However, if there is a change in GAAP following the date hereof and that change is implemented by Borrower, such change shall not be given effect if such change would affect a calculation that measures compliance with, or entitles any Credit Party to any rights under, any provision of the Loan Documents unless Borrower and Lender agree in advance and in writing to modify such provisions to reflect such change. Unless such provisions are modified, all Financial Statements, compliance certificates and similar documents provided pursuant to the Loan Documents shall be provided together with a reconciliation between the calculations and amounts set forth therein before and after giving effect to such change. Notwithstanding any other provision contained herein or any of the other Loan Documents, all terms of an accounting or financial nature used in this Modification or any of the other Loan Documents shall be construed, and all computations of amounts and ratios provided for in this Modification or any of the other Loan Documents shall be made, without giving effect to any election under FAS 159 (ASC 825) (or any other financial accounting standard having a similar result or effect) to value any Indebtedness or other liabilities of any Credit Party at “fair value,” as defined therein. No Credit Party shall change its accounting treatment, fiscal calendar, or reporting practices, except as required by GAAP or any Applicable Law and then only after giving effect to provisions of this Section or change its Fiscal Year from that in effect on the date hereof.
Accounting Requirements. Business Associate must maintain the information required to provide an accounting of Disclosures as necessary to satisfy Covered Entity’s obligations under 45 CFR 164.528. Upon ten (10) business days written notice from Covered Entity to Business Associate, Business Associate shall make such accounting information available to Covered Entity. In the event that the request for an accounting is delivered directly to Business Associate, Business Associate shall within five (5) business days of the request forward it to Covered Entity in writing. It shall be Covered Entity’s responsibility to prepare and deliver the requested accounting to the individual.
Accounting Requirements. 7.1. The Council/ Employer shall at all times ensure that its accounting records in relation to the Covid-19 Benefits, whether electronic or manual, are kept and maintained safely, and are at all times capable of being retrieved to a readable and printable form.
