Accounting for Annual Payment Sample Clauses

Accounting for Annual Payment. The Developer shall keep and ------------ ----------------------------- make available to the City complete and accurate records of Adjusted Gross Receipts for each calendar year and partial calendar year during the Term (in the form and to the extent required to be supplied to or reviewed and audited by the Gaming Commission). Commencing in the calendar year or partial calendar year immediately following the calendar year or partial calendar year in which the Boat is placed in operation and for each calendar year and partial calendar year of the Term thereafter, the Developer shall submit a statement to the City on or before the last day of the following March showing in detail the Adjusted Gross Receipts for the immediately preceding calendar year or partial calendar year and showing the computation of the Annual Payment for such immediately preceding calendar year or partial calendar year (the "Annual Statement"). In addition, the Developer shall submit to the City with the Annual Statement, any audits or other reports required to be submitted by the Developer to the Gaming Commission or prepared by or on behalf of the Gaming Commission and received by the Developer relating to Adjusted Gross Receipts or the computation thereof that constitute public records and records of any correction to Adjusted Gross Receipts made by the Developer and reported to the Gaming Commission. Each Annual Statement shall be prepared in accordance with generally accepted accounting principles, consistently applied, and in accordance with the requirements and definitions contained in this Agreement, and shall be certified by a principal financial officer of the Developer to be true, correct and complete. The City may, at any time on or before the later of three (3) years after the end of a calendar year or three (3) years after receipt of an Annual Statement and at the City's sole cost and expense, cause a comparison to be made of the Annual Statement to the forms, reports and information published or released by the Gaming Commission, including any corrections thereto, that relate to the payment of admission taxes or the calculation of Adjusted Gross Receipts. The Developer shall cooperate with the City and provide the City with copies of all such forms, reports and information that are nonconfidential or classified as public records. The City may cause such comparison to be made by such persons as the City may determine in its sole discretion. If such comparison shows that...
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Related to Accounting for Annual Payment

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • Accounting Format Applications for Payment shall be broken down by CSI Category and, in certain situations, by CSI Description and capital asset category, as set forth in the form for Application for Payment. The purpose is to provide appropriate backup documents for the Contractor’s Final Certification of Costs in conformance with GASB 34 accounting standards. See Section 7 – Forms, “Application for Payment” and Final Certification of Costs.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Payments The Settling Distributors shall make eighteen (18) Annual Payments, each comprised of base and incentive payments as provided in this Section IV, as well as fifty percent (50%) of the amount of any Settlement Fund Administrator costs and fees that exceed the available interest accrued in the Settlement Fund as provided in Section V.C.5, and as determined by the Settlement Fund Administrator as set forth in this Agreement. 1. All data relevant to the determination of the Annual Payment and allocations to Settling States and their Participating Subdivisions listed on Exhibit G shall be submitted to the Settlement Fund Administrator no later than sixty (60) calendar days prior to the Payment Date for each Annual Payment. The Settlement Fund Administrator shall then determine the Annual Payment, the amount to be paid to each Settling State and its Participating Subdivisions included on Exhibit G, and the amount of any Settlement Fund Administrator costs and fees, all consistent with the provisions in Exhibit L, by: a. determining, for each Settling State, the amount of base and incentive payments to which the State is entitled by applying the criteria under Section IV.D, Section IV.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • Portfolio Accounting Services (1) Maintain portfolio records on a trade date+1 basis using security trade information communicated from the Fund’s investment adviser. (2) For each valuation date, obtain prices from a pricing source approved by the board of trustees of the Trust (the “Board of Trustees”) and apply those prices to the portfolio positions. For those securities where market quotations are not readily available, the Board of Trustees shall approve, in good faith, procedures for determining the fair value for such securities. (3) Identify interest and dividend accrual balances as of each valuation date and calculate gross earnings on investments for each accounting period. (4) Determine gain/loss on security sales and identify them as short-term or long-term; account for periodic distributions of gains or losses to shareholders and maintain undistributed gain or loss balances as of each valuation date. (5) On a daily basis, reconcile cash of the Fund with the Fund’s custodian. (6) Transmit a copy of the portfolio valuation to the Fund’s investment adviser daily. (7) Review the impact of current day’s activity on a per share basis, and review changes in market value.

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

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