Reconciling Reports. The Contractor shall reconcile costs reported to the Department to expenses recorded in the Contractor’s accounting system on an ongoing and periodic basis. The Contractor agrees that reconciliation will be completed at least quarterly and will be documented and supplied to the Department upon request. The Contractor shall retain the reconciliation documentation in accordance with record retention requirements.
Reconciling Reports. The County shall reconcile costs reported to the Department to expenses recorded in the County’s accounting system on an ongoing and periodic basis. The County agrees that reconciliation will be completed at least annually within sixty (60) days of the expiration of the Contract period. Documentation to support all claimed expenditures shall be supplied to the Department upon request. The County shall retain the reconciliation documentation in accordance with record retention requirements.
Reconciling Reports. The W-2 Contractor shall reconcile costs reported to DCF to expenses recorded in the W-2 Contractor’s accounting system on an ongoing and periodic basis. The W-2 Contractor agrees that reconciliation will be completed at least quarterly and will be documented and supplied to DCF upon request. The reconciliation must demonstrate the expenses reported to DCF match those of the W-2 Contractor’s general ledger. The W-2 Contractor shall retain the reconciliation documentation in accordance with record retention requirements.
Reconciling Reports. The Contractor shall reconcile costs reported to the Department to expenses recorded in the Contractor’s accounting system on an ongoing and periodic basis. The Contractor agrees that reconciliation will be completed at least quarterly and will be documented and supplied to the Department upon request. The Contractor shall retain the reconciliation documentation in accordance with record retention requirements. Accounting Period The Contractor’s accounting records shall be maintained on an annual basis. Approval will be given only if the Contractor submits proof of Internal Revenue Service approval for changing the accounting period and if the Contractor agrees to submit a close-out audit for the shortened accounting period, within ninety (90) calendar days after the first day of the new accounting period. For purposes of determining audit requirements, expenses and revenues incurred during the shortened accounting period shall be annualized.
