Examples of Implementing Entity Grant Account in a sentence
Any investment income earned from the Grant funds shall be held in the Implementing Entity Grant Account and used for the same purposes and administered in accordance with the terms of this Agreement.
The Implementing Entity shall also provide to the Board, through the Secretariat, a final audited financial statement for each project and of the Implementing Entity Grant Account, prepared by an independent auditor or evaluation body after project completion and within fifteen (15) months of the effectiveness date of this Agreement.
Option 2: Allowing the Implementing Entities to use the funds for project/program purposesThe income earned on the AF funds transferred to the Implementing Entity may be held by the Entity in the Implementing Entity Grant Account and reported as part of their regular financial reporting.
A final audited financial statement of the Implementing Entity Grant Account including net investment income earned, prepared by an independent auditor or evaluation body, within six (6) months of the end of the Implementing Entity’s financial year during which the [Project]/[Programme] is completed.
Option 1: Investment Income remitted to AF trust fund through the TrusteeThe income earned on the AF funds transferred to the Implementing Entity may be held by the Entity in the Implementing Entity Grant Account until the Secretariat requests the Entity to refund it to the AF Trust Fund, through the Trustee.
The Implementing Entity shall provide to the Board, through the Secretariat, a final audited financial statement of the Implementing Entity Grant Account, prepared by an independent auditor or evaluation body: (i) within fifteen (15) months of the effectiveness date of this Agreement; or, (ii) if the [Project]/[Programme] is approved within the said fifteen (15) month period, and the Board so agrees in writing, together with the first audit due under the approved [Project]/[Programme].
For example, in line with to a legal agreement between UNDP and the Adaptation Fund, UNDP is expected to submit a final audited financial statement of the Implementing Entity Grant Account, prepared by an independent auditor or evaluation body, within six (6) months of the end of the Implementing Entity’s financial year during which the Project is completed.
Accordingly, the EFC may wish to consider and decide to recommend to the Board to: Adopt Option 2 for dealing with investment income generated by the Implementing Entities on amounts held in respect of project grants presented in document AFB/EFC.21/6, according to which the income earned on the Adaptation Fund funds transferred to the Implementing Entity may be held by the Entity in the Implementing Entity Grant Account and reported as part of their regular financial reporting.
A final audited financial statement of the Implementing Entity Grant Account, prepared by an independent auditor or evaluation body, within six (6) months of the end of the Implementing Entity’s financial year during which the [Project]/[Programme] is completed.
As described in the standard legal agreement a final audited financial statement of the Implementing Entity Grant Account, prepared by an independent auditor or evaluation body, must be submitted to the Ethics and Finance Committee through the secretariat within six (6) months of the end of the Implementing Entity’s financial year during which the project]/programme is completed 2 An annual report is the minimum requirement.