Determination of Compliance. Performance is monitored once every quarter. Compliance determination with the standard applies only to the quarter under consideration and does not include performance in previous quarters. Penalty for noncompliance with the Data Quality Standard for measure 1: The first time an MCP is noncompliant with a standard for this measure, ODJFS will issue a Sanction Advisory informing the MCP that any future noncompliance instances with the standard for this measure will result in ODJFS imposing a monetary sanction. Upon all subsequent measurements of performance, if an MCP is again determined to be noncompliant with the standard, ODJFS will impose a monetary sanction (see Section 6.) of one percent of the current month’s premium payment. The monetary sanction will be applied for each file type in the ODJFS-specified medium per format that is determined to be out of compliance. Once the MCP is performing at standard levels and violations/deficiencies are resolved to the satisfaction of ODJFS, the money will be refunded. Measure 2 only applies to MCPs that have had Medicaid membership for one year or less.
Determination of Compliance. Performance is monitored once every month. Compliance determination with the standard applies only to the month under consideration and does not include performance in previous quarters. Penalty for Noncompliance with the Data Quality Standard for measure 2: If the MCP is determined to be noncompliant for either standard, ODJFS will impose a monetary sanction of one percent of the MCP’s current month’s premium payment. The monetary sanction will be applied for each file type in the ODJFS-specified medium per format that is determined to be out of compliance. The monetary sanction will be applied only once per file type per compliance determination period and will not exceed a total of two percent of the MCP’s current month’s premium payment. Once the MCP is performing at standard levels and violations/deficiencies are resolved to the satisfaction of ODJFS, the money will be refunded. Special consideration will be made for MCPs with less than 1,000 members.
Determination of Compliance. Any work performed, whether or not the Owner obtained proper approvals, may be inspected and a determination of compliance made as follows:
Determination of Compliance. (a) to witness tests;
Determination of Compliance. As measured by the indicators and measures set forth in this section, is the school meeting financial performance standards? SCORING CATEGORIES: Meets Standards 80-100 points Approaches Standards 70-79 points Does Not Meet Standards 0-69 points INDICATOR PERFORMANCE SECTION II, INDICATOR 1: FISCAL VIABILITY NEAR-TERM MEASURES Measure 1a, Current Ratio (Working Capital Ratio): Current assets divided by current liabilities Does the school have the ability to cover short-term financial obligations? Points Available Meets Standard: • Current Ratio is greater than 1.0 15 Approaches Standard: • Current Ratio is between 0.9 and 1.0 or equal to 1.0 10 Does Not Meet Standard: • Current Ratio is less than or equal to 0.9 0 Measure 1b, Unrestricted Days Cash: Unrestricted Cash divided by (Total Expenses/365) Does the school maintain an appropriate balance of cash on hand? Points Available Meets Standard: • Days Cash is greater than 60 days 20 Approaches Standard: • Days Cash is between 15 and 60 days 10 Does Not Meet Standard: • Days Cash is less than 15 Days Cash 0 Measure 1c, Annual Debt to Income : Total Annual Debt Payments (Debt Service) / Total Revenue Does the school have enough income to cover short-term debt payments? Points Available Meets Standard: • Annual Debt to Income is below 5 percent 20 Approaches Standard: • Annual Debt to Income is between 5 and 15 percent 10 Does Not Meet Standard: • Annual Debt to Income is above 15 percent 0 Measure 1d, Default Is the school repaying debts in a timely manner? Points Available Meets Standard: • School is not in default of loan covenant(s) or delinquent with debt service payments nor does the school have any outstanding debt 10
Determination of Compliance. As measured by the indicators and measures set forth in this section, is the school meeting operational performance standards? SCORING CATEGORIES: Meets Standards 80-100 points Approaches Standards 70-79 points Does Not Meet Standards 0-69 points INDICATOR PERFORMANCE SECTION III, INDICATOR 1: EDUCATIONAL PROGRAM COMPLIANCE A charter school's overall purpose is to provide its students with a quality and innovative educational program. Schools must adhere to the educational program identified in its charter contract that was awarded on the basis of the program outlined in its petition.
Determination of Compliance. Performance is monitored once every month. Compliance determination with the standard applies only to the month under consideration and does not include performance in previous quarters.
Determination of Compliance. 1. Where there is disagreement between the complaining Party and the Party complained against as to the existence or consistency with this Agreement of measures taken to comply with the recommendations or rulings of a panel, such disagreement shall be resolved through recourse to the dispute settlement procedures provided for in this Article,
Determination of Compliance. (1) Performing compliance and conformity inspections;
Determination of Compliance. Compliance with these financial covenants shall be determined by reference to the consolidated and consolidating financial statements of Borrower and its Subsidiaries delivered to the Bank in accordance with Section 8.08, and shall exclude any balance sheet information or results of operations of any Subsidiary which is not also a Guarantor. Except as set forth in 10.01, all financial covenants shall be applicable at all times and shall be tested at the end of each fiscal quarter.
