Fiscal Responsibilities Clause Examples
Fiscal Responsibilities. The School shall maintain accurate and comprehensive financial records, practice governmental accounting in accordance with Generally Accepted Accounting Principles, and use public funds in a fiscally responsible manner.
Fiscal Responsibilities. The School shall comply with all applicable laws, including but not limited to, state financial and budget rules, regulations, and financial reporting requirements, as well as the requirements contained in the Performance Frameworks, (see Exhibit “A”). The School shall operate, maintain accurate comprehensive financial records, and practice governmental accounting in accordance with Generally Accepted Accounting Principles (“GAAP”) and other generally accepted standards of fiscal management and sound business practices to use public funds in a fiscally responsible manner.
Fiscal Responsibilities. Receive, distribute, and oversee the expenditure of special education funds in accordance with federal and state regulations and the SELPA Allocation Plan.
Fiscal Responsibilities. Receive and expend special education funding in accordance with the Charter SELPA Allocation Plan. Organizational Partners affirm that any financial claim made by the SELPA against an LEA that is part of the Organizational Partner’s network of LEAs will be honored by the Organization Partner.
Fiscal Responsibilities. In consideration of the obligations to be performed by Contractor herein, Contractor shall be reimbursed for its actual costs, in accordance with the agreed upon budget included herein by reference. Notwithstanding the foregoing, the total amount to be paid to Contractor under the terms of this Agreement shall in no case exceed the amount stated in Article 2 of this agreement.
Fiscal Responsibilities. Exhibit B specifies the Authority’s requirements regarding the fiscal responsibilities of the Committee.
Fiscal Responsibilities. An affiliate chapter shall maintain responsible fiscal management policies and practices that must include the following:
(1) Develop and establish a budget for annual fiscal operations.
(2) Conduct an annual audit or review of fiscal operations.
(3) Establish and maintain its own tax preparation and tax payment procedures to be implemented at the close of each fiscal year.
(4) Upon determination of any financial problems, notify CSHP immediately in writing.
(5) Comply with fiscal responsibility provisions of the affiliate chapter bylaws.
Fiscal Responsibilities. The Career Center shall act in accordance with 2 CFR §20060, Massachusetts Workforce Issuances (MWF) 100 DCS 01 series, and other Federal, State, and Local regulations governing sub-recipients and contracting of federal funding awards and grants. The Career Center shall be subject to regular review by the Workforce Board of fiscal responsibilities and activities. The Workforce Board functions as the Fiscal Agent for the Local Workforce Development Area, and shall serve as the local grant recipient and fiscal agent for the disbursement of the Career Center funds, and shall maintain appropriation and control over cost-allocation and disbursement requests as the Fiscal Agent for the Career Center Operator funding. The Career Center shall have a cost-reimbursement contract. The Career Center will be reimbursed for allowable actual service delivery costs on a monthly basis as determined by the Workforce Board after submittal and approval of payment vouchers within 15 days of submissions which comply with voucher requirements. The Workforce Board may expand the scope of the contract to include other workforce programs, funding, or requirements as it deems necessary and appropriate. The Career Center shall submit regular reports, including detailed line-item budgets, reimbursements, and respond to requests for fiscal information by the Workforce Board in a timely and thorough manner.
Fiscal Responsibilities. The Association president will be released full-time to attend the responsibilities of the position. The Association will pay all salary costs and the Board will provide fringe benefits at the rate of the position that the released Association president held in the school system when assuming released Association president responsibilities. Leave, when taken, will be reported to the Superintendent. The position of a full-time release will be treated as a grant position with regard to longevity for step increases and retirement. In the event the Association cannot provide the salary for a full-time president, then the provisions of Article 5.6.b in the 2019 agreement shall apply.
Fiscal Responsibilities. 1. The Agency agrees to pay shared maintenance fees in a timely fashion (i.e. within 30 days of receipt). Delinquent reimbursement of shared maintenance contributions could be grounds for probation. Failure to comply may result in probationary status, which means temporary loss of food bank membership privileges.
2. The Agency guarantees that shared maintenance fees will not be paid with cash, money orders or personal checks.
3. The Agency guarantees that shared maintenance payment will be in the form of a check issued from the Agency that is acting as the Fiscal Agent (i.e. the Agency with 501c3 status). A credit card can only be used for payment if the credit card is issued in the name of the Agency.
4. The Fiscal Agent (i.e. the Agency with 501c3 status) is responsible for Agency payment if the Agency is delinquent in payment.