Accounting for Fares Sample Clauses

Accounting for Fares. CONTRACTOR shall remove locked cash vaults from any and all vehicles used to provide the transportation services required pursuant to the terms and conditions of this Agreement on a daily basis and count and record the contents of each vault. CONTRACTOR shall deliver, on a biweekly basis, any and all fares collected to a bank designated by COUNTY. CONTRACTOR shall prepare, and submit to COUNTY, quarterly collection reports which set forth the route for each operating day.
Sample 1
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Accounting for Fares. HTA shall remove locked cash vaults from Southern Humboldt Bus Transit System vehicles on a daily basis and count and record the contents of each vault. The fares collected in said vaults shall be credited to the Southern Humboldt Transit System on a monthly basis. HTA shall prepare, and submit to COUNTY on a quarterly basis, collection reports which set forth the route for each operating day of each month following the schedule below: 1. July to September report is due by December 31st. 2. October to December report is due by March 31st. 3. January to March report is due by June 30th. 4. April to June report is due by September 30th.
Sample 1

Related to Accounting for Fares

  • Accounting Unless otherwise specified herein, for the purpose of any definition or calculation, whenever amounts are required to be netted, subtracted or added or any distributions are taken into account such definition or calculation and any related definitions or calculations shall be determined without duplication of such functions.

  • Accounting and Financial Reporting 7.1 The Trustee shall maintain separate records and ledger accounts in respect of the Contributions deposited in the Trust Fund account and disbursements to Partner Entities made therefrom. 7.2 The Trustee shall furnish to the Donors current financial information relating to receipts, disbursements and fund balance in United States dollars of the Trust Fund with respect to the Contributions via the World Bank’s Trust Funds Donor Center secure website. Within six (6) months after all commitments and liabilities under the Trust Fund have been satisfied and the Trust Fund has been closed, the final financial information relating to receipts, disbursements and fund balance in United States dollars of the Trust Fund with respect to the Contributions will be made available to the Donors via the World Bank’s Trust Funds Donor Center secure website. 7.3 The Trustee shall provide to the Donors, within six (6) months following the end of each Trustee fiscal year, an annual single audit report, comprising: (a) a management assertion together with an attestation from the Trustee’s external auditors concerning the adequacy of internal control over cash-based financial reporting for all cash-based trust funds as a whole; and (b) a combined financial statement for all cash-based trust funds together with the Trustee’s external auditor’s opinion thereon. The cost of the single audit shall be borne by the Trustee. 7.4 If a Donor wishes to request, on an exceptional basis, a financial statement audit by the Trustee’s external auditors of the Trust Fund, the Donor and the Trustee shall first consult as to whether such an external audit is necessary. The Trustee and the Donor shall agree on the appropriate scope and terms of reference of such audit. Following agreement on the scope and terms of reference, the Trustee shall arrange for such external audit. The costs of any such audit, including the internal costs of the Trustee with respect to such audit, shall be paid by the requesting Donor. 7.5 The Trustee shall furnish the Steering Committee and each Donor with: (a) copies of all unaudited or audited financial reports; and (b) any other relevant financial information received from the Partner Entities.

  • Accounting Treatment For accounting purposes, the Merger is intended to be treated as a "purchase."

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