Financial Management Standards Sample Clauses

Financial Management Standards. The financial management systems of Grantee must meet the following standards:
AutoNDA by SimpleDocs
Financial Management Standards. The financial management systems of Provider must meet the following standards:
Financial Management Standards. The CONTRACTOR shall maintain a financial and administrative system which complies with the standards in the most recent versions of appropriate Uniform Administrative Requirements and 2 CFR Part 200. CONTRACTOR shall maintain a separate accounting of funds received and disbursed under this Contract. All accounting for this Contract shall be maintained within the CONTRACTOR’s primary financial accounting system. The CONTRACTOR’s financial systems shall allow for effective fiscal and internal controls and accountability for funds, property, and other assets to ensure they are used solely for authorized purposes. CONTRACTOR shall maintain all data elements used in required reports in accordance with established program definitions. The CONTRACTOR’s financial systems will be maintained in accordance with Generally Accepted Accounting Principles and will be in compliance with all legal and contractual requirements. The CONTRACTOR’s financial system shall:
Financial Management Standards. CONTRACTOR shall maintain a separate accounting of funds received and disbursed under this Contract. All accounting for this Contract shall be maintained within the Organization’s primary Financial Accounting System. CONTRACTOR’s financial systems shall allow for effective fiscal and internal controls and accountability for funds, property, and other assets to ensure they are used solely for authorized purposes. CONTRACTOR shall maintain all data elements used in required reports in accordance with established program definitions. CONTRACTOR’s financial systems will be maintained in accordance with Generally Accepted Accounting Principles and will be in compliance with all legal and contractual requirements.
Financial Management Standards. The financial management systems of Grantee must meet the following standards: (a) Accounting System. Grantee organizations must have an accounting system that provides accurate, current, and complete disclosure of all financial transactions related to each State- and Federally-funded Program. Accounting records must contain information pertaining to State and Federal pass-through awards, authorizations, obligations, unobligated balances, assets, outlays, and income. These records must be maintained on a current basis and balanced at least quarterly. Cash contributions to the Program from third parties must be accounted for in the general ledger with other Grant Funds. Third party in-kind (non-cash) contributions are not required to be recorded in the general ledger, but must be under accounting control, possibly through the use of a memorandum ledger. See 2 CFR 200.302. (b)
Financial Management Standards. 16.1. The financial management system of the COUNTY must meet the following standards:
Financial Management Standards. The Subgrantee will establish and maintain fiscal control of an accounting system to meet the following criteria:
AutoNDA by SimpleDocs
Financial Management Standards. The financial management systems of Subrecipient must meet the following standards:
Financial Management Standards. You must include in any subaward you make under this award the requirements of:
Financial Management Standards. The financial management systems of the Contractor and its subrecipients must meet the following standards:
Time is Money Join Law Insider Premium to draft better contracts faster.