State of Financial Emergency Sample Clauses

State of Financial Emergency. Financial audits that reveal a state of financial emergency as defined in Section 218.503, Florida Statutes, and are conducted by a certified public accountant or auditor in accordance with Section 218.39, Florida Statutes, shall be provided to the Governing Body of the School within seven (7) business days after finding that a state of financial emergency exists. The School shall comply with the requirements of Section 218.501, Florida Statutes, regarding fiscal responsibility. The School’s auditor shall report such findings in the form of an exit interview to the Chief Administrator/Principal of the School, and the Chair of the Governing Board, the Sponsor’s Office of the Chief Auditor, and the Sponsor’s Charter Schools Management/Support Department within seven (7) business days after finding the state of financial emergency or deficit position. Pursuant to Section 218.503, Florida Statutes, the final report shall be provided to the entire Governing Board, the Sponsor and the Department of Education within fourteen (14) business days after the exit interview.
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State of Financial Emergency. If the annual financial audit reveals a state of financial emergency as defined by §218.503, F.S. or deficit financial position, the auditor is required to notify the Governing Board, Sponsor, and the Department of Education.
Sample 1
State of Financial Emergency prompt notice to the School and the School shall reimburse the full amount to the Sponsor within thirty (30) days. The School will comply with all state laws related to the disclosure of financial records. The School agrees to incur the expense of obtaining an annual financial audit by an independent certified public accountant and submit five (5) copies of the report to the Sponsor within two (2) months after the end of its fiscal year. The School must comply with all provisions related to the submission of its audited financial report, including the response/rebuttal and correct actions, to the Sponsor, Auditor General, and with the Department of Education. The Sponsor, at their cost, has the right to review and audit, upon request, all financial records of the School to ensure fiscal accountability and sound financial management pursuant to §1002.33(9)(g), F.S. The School will provide to the Sponsor a written statement of explanation or rebuttal concerning the auditor’s findings, including corrective action to be taken within thirty (30) days after the delivery of the auditor’s findings pursuant to §218.39(6), F.S. If the annual financial audit reveals a state of financial emergency as defined by §218.503, F.S. or deficit financial position, the auditor is required to notify the Governing Board, Sponsor, and the Department of Education.
Sample 1
State of Financial Emergency. Financial audits that reveal a state of financial emergency, as defined in §218.503, Florida Statutes, and are conducted by a certified public accountant or auditor in accordance with §218.39, Florida Statutes, shall be provided to the governing body of the School within seven (7) working days after finding that a state of financial emergency exists. If the School is found to be in a state of financial emergency by a certified public accountant or auditor, the School must file a detailed financial recovery plan with the Sponsor within 30 days after receipt of the audit. The School shall comply with the requirements of §218.501, Florida Statutes, regarding fiscal responsibility. The internal auditor shall report such findings, in the form of an exit interview, to the principal/director of the School and the Chair of the Governing Board within seven (7) working days after finding the state of financial emergency or deficit position. Pursuant to §1002.33(7)(a)(10), Florida Statutes, the final report shall be provided to the entire Governing Board, the Sponsor, and the Department of Education within fourteen (14) working days after the exit interview. The School shall file a detailed financial recovery plan with the Sponsor if the School is in a state of financial emergency.
Sample 1

Related to State of Financial Emergency

  • Medical Emergency A medical condition which manifests itself by acute symptoms of sufficient severity (including severe pain) such that a prudent layperson, who possesses an average knowledge of health and medicine, could reasonably expect the absence of immediate attention to result in 1) placing the health of the individual (or with respect to a pregnant woman, the health of the woman or her unborn child) in serious jeopardy; 2) serious impairment to bodily functions; or 3) serious dysfunction of any bodily organ or part. Examples of a medical emergency are severe pain, suspected heart attacks and fractures. Examples of a non- medical emergency are minor cuts and scrapes. Medically Necessary and Medical Necessity Services a physician, exercising prudent clinical judgment, would use with a patient to prevent, evaluate, diagnose or treat an illness or injury or its symptoms. These services must:  Agree with generally accepted standards of medical practice  Be clinically appropriate in type, frequency, extent, site and duration., They must also be considered effective for the patient’s illness, injury or disease  Not be mostly for the convenience of the patient, physician, or other healthcare provider. They do not cost more than another service or series of services that are at least as likely to produce equivalent therapeutic or diagnostic results for the diagnosis or treatment of that patient’s illness, injury or disease. For these purposes, “generally accepted standards of medical practice” means standards that are based on credible scientific evidence published in peer reviewed medical literature. This published evidence is recognized by the relevant medical community, physician specialty society recommendations and the views of physicians practicing in relevant clinical areas and any other relevant factors. Member Any person covered under this plan. Mental Condition A condition that is listed in the most recent edition of the Diagnostic and Statistical Manual of Mental Disorders (DSM). This does not include conditions and treatments for chemical dependency. Mental Health Services Medically necessary outpatient and inpatient services provided to treat mental conditions. State and federal law require that the copays and coinsurance for mental health services will be no more than the copays and coinsurance for medical and surgical services. Prescription drugs for mental conditions are covered under the same terms and conditions as other prescription drugs covered under this plan.

  • Financial Hardship Must include verification appropriate to the circumstance and must demonstrate a loss of income that has occurred since the cancellation deadline as stated in Section III C. The Licensee must submit a copy of the current academic year financial aid award summary for evaluation. Students must show that they have exhausted all viable options, including taking out student loans.

  • De-commissioning due to Emergency 17.6.1 If, in the reasonable opinion of the Concessionaire, there exists an Emergency which warrants de-commissioning and closure of the whole or any part of the Bus Terminal, the Concessionaire shall be entitled to de- commission and close the whole or any part of the Bus Terminal to Users and passengers for so long as such Emergency and the consequences thereof warrant; provided that such de-commissioning and particulars thereof shall be notified by the Concessionaire to the Authority without any delay, and the Concessionaire shall diligently carry out and abide by any reasonable directions that the Authority may give for dealing with such Emergency.

  • Personal Emergency Leave 1. A teacher will be granted up to five (5) days of leave per year to cover situations other than personal illness beyond the control of the teacher which would significantly impair teaching service. Deductions from the gross pay of a teacher for this leave shall be made at the degreed substitute rate of pay for each day taken.

  • Medical Care and Emergency Leave An employee is entitled to a leave of absence without pay because of any of the following:

  • Child or Elder Care Emergencies Leave without pay, compensatory time or paid leave may be granted for child or elder care emergencies.

  • EMPLOYER AUTHORITY (a) The Employer retains the full and unrestricted right to operate and manage all personnel, facilities, and equipment; to establish functions and programs; to set and amend budgets; to determine the number of personnel; to establish work schedules; and to perform any inherent managerial function not specifically limited by this Agreement.

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