Accountability for Funds. 1. The Contractor shall maintain accounting records for funds received under the terms and conditions of this Agreement. These records shall be separate from those for any other funds administered by the Contractor and shall be maintained in accordance with Generally Accepted Accounting Principles and Procedures.
Accountability for Funds. A. The Grantee shall maintain accounting records for funds received under the terms and conditions of this Agreement. These records shall be separate from those for any other funds administered by the Grantee, and shall be maintained in accordance with Generally Accepted Accounting Principles and Procedures.
Accountability for Funds. 1. The Contractor shall maintain accounting records for funds received under the terms and conditions of this Agreement. These records shall be separate from those for any other funds administered by the Contractor, and shall be maintained in accordance with Generally Accepted Accounting Principles and Procedures and the Office of Management and Budget’s (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for HHS Awards. [45 CFR 75]
Accountability for Funds. All funds shall be accounted for according to generally accepted government accounting principles.
Accountability for Funds. Audit Requirement - Local Government or Public Authority Requirements Local Government or Public Authorities in accordance with N.C.G.S. § 159-34 must have an audit performed in conformity with generally accepted auditing standards. The audit shall evaluate the performance of a unit of local government or public authority regarding compliance with all applicable Federal and State agency regulations. This audit, combined with the audit of financial accounts, shall be deemed to be the single audit described by the "Federal Single Audit Act of 1984".
Accountability for Funds. All funds shall be accounted for according to generally acceptable accounting principles. A report on all receipts and disbursements shall be forwarded to the COMMISSION on an annual basis. The parties have the authority to request reports pertaining to any and all budgeting and accounting services. All interest earned from established COMMISSION funds shall be credited back to that same fund.
Accountability for Funds. The Contractor agrees to receive, administer, disburse and account for WIOA funds and such property as may be acquired, or placed under its control in accordance with all applicable local, state, and federal requirements. The Contractor will be accountable for the expenditure of said funds for disallowed costs. The Board will notify the VCCS of any possibility of disallowed costs incurred by its Contractors/subcontractors. In the event the Board finds that disallowed costs have been incurred and repayment from the Contractor is required and the Contractor does not timely object to such finding, the Board shall pursue cash repayment or may, with the consent of the VCCS, off-set the disallowed cost with other, allowable costs. The Board will not forgo collection without the written approval of VCCS. Repayment by the Contractor will not be by, or from, federal funds.
Accountability for Funds. All funds shall be strictly accounted for according to generally accepted accounting principles. Anoka County shall report to the Advisory Board at least annually on all receipts and disbursements related to this Agreement.
Accountability for Funds. All funds in the MELSA library fund shall be accounted for according to generally accepted accounting principles. The Secretary/Treasurer shall report monthly to the Board on all receipts to and disbursements from the MELSA library fund and shall make it available to all Members and their library boards.
Accountability for Funds. 1. The Contractor shall maintain accounting records for funds received under the terms and conditions of this Agreement. These records shall be separate from those for any other funds administered by the Contractor, and shall be maintained in accordance with Generally Accepted Accounting Principles and Procedures and the Office of Management and Budget’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. [2 CFR §200] [45 CFR §75] 2. The Contractor shall ensure that funding for services as outlined herein are managed and prorated monthly to ensure that adequate Older Americans Act funding is available to provide services through the ending date of this Agreement.
