Accounting for the Grant. A Financial Declaration must be submitted for each financial year funded under this Grant Agreement. A Financial Declaration is a certification from the Grantee stating that funds were spent for the purpose provided as outlined in the Grant Agreement and in-which the Grantee is required to declare unspent funds. The Financial Declaration must be certified by your Board, the Chief Executive Officer or one of your officers, with authority to do so verifying that you have spent the funding on the Activity in accordance with the Grant Agreement.
Accounting for the Grant. Non-Audited Financial Acquittal Report You are required to provide a Non-Audited Financial Acquittal Report for each financial year funded under this Grant Agreement covering the Activity/ies in this Schedule.
Accounting for the Grant. Non-Audited Financial Acquittal Report
Accounting for the Grant. 7.1 The Grant must be held in a separate bank and / or bookkeeping account so that at all times the use made of the Grant and compliance with this Grant Agreement can be monitored. The Grant shall be shown in your accounts as a restricted fund and shall not be included under general funds.
7.2 You will keep separate, accurate and up-to-date accounts and records of the receipt and expenditure of the Grant monies received from us.
7.3 We encourage you to hold the Grant in an interest-bearing account whenever feasible. Any interest earned on the Grant must be reported to us and either applied to the Project or returned to us.
7.4 Any part of the Grant that has been paid over to you but which has not yet been applied for the purposes of the Project shall be held, pending its application, for the purposes of the Project and subject thereto in trust for us absolutely.
Accounting for the Grant. If Applicable
Accounting for the Grant. Independently Audited Financial Acquittal Report
Accounting for the Grant. The Grantee agrees to create the following reports in the form specified and to provide the reports to the Commonwealth representative in accordance with the following:
Accounting for the Grant. Audited Financial Acquittal Report You are required to provide an Annual Independently Audited Financial Acquittal Report for each financial year funded under this Grant Agreement covering the Activity/ies in this Schedule (in accordance with Clause 10 of the Commonwealth Standard Grant Conditions.
Accounting for the Grant. The Grantee must provide a financial declaration for each financial year of this Agreement. A financial declaration is a certification from the Grantee which: • states that all grant funds were spent for the purpose as outlined in the Agreement; and • declares the amount of unspent Grant funds. The financial declaration must be certified by the Grantee’s board, the chief executive officer or an officer with the authority to do so verifying the funds have been spent on the Activity in accordance with the Grant Agreement. If SACS supplementation has been paid, confirmation must be provided that the funding was spent in accordance with Clause cb21. The Grantee is required to provide a financial declaration by the applicable due date at Item E.
Accounting for the Grant. (a) Annual Budget The Grantee is required to provide Annual Financial Year Budgets for the Commonwealth’s approval by the dates specified in the milestones table above. The Annual Budgets must include details of planned expenditure and be tailored to activities detailed in item B, and where appropriate by major deliverables and tasks. Each Annual Budget must be provide a high degree of specificity. The Commonwealth may require amendments to the Annual Budgets before approving them. This document was released under the Freedom of Information Xxx 0000
(b) Independently Audited Financial reports The Grantee is required to provide three independently audited financial reports by the dates specified in the milestone table above. Each report will be compliant with Clause 10 of this agreement. The reports are to be in the form of an audited statement for each financial year framed against the approved annual budget, to facilitate comparative analysis. The final financial report will cover the whole activity period from execution of this agreement to the Activities completion date and will be in compliance Clause 10 of this Agreement.
