Accounting of Funds. Grantee shall keep all Funds and make all disbursements and expenditures consistent with the manner in which all public funds are kept by Grantee in accordance with applicable law.
Accounting of Funds. CITY will comply with applicable requirements of Government Code Section 65865 relating to accounting of funds.
Accounting of Funds. 2.1 The Principal and the Agent shall maintain full and complete books and records of all receipts and disbursements of any funds received from the Principal. A complete record of all agreements, deeds, vouchers, receipts and invoices with respect to each Project shall be maintained by the Principal and the Agent shall ensure that the relevant documents are forwarded to the Principal on a quarterly basis.
2.2 All expenditures of the Principal made by and through the Agent shall remain segregated and apart from the Agent's own expenditures so that the role of the Principal in any particular activity or program is separately identifiable as the charitable activity of the Principal.
2.3 The Principal shall not be obligated to provide any funds for any of the purposes set out herein other than amounts required to reimburse the Agent for costs incurred on behalf of the Principal. The Principal shall only make payment for a Project to the Agent by instalments and only upon confirmation (by means of the reports provided for in article 3 hereof) that funds previously provided for such Project have been applied in accordance with this Agreement by the Agent.
2.4 A budget for each Project shall be established on or before the beginning of each fiscal year. Each budget shall set out the Principal's plan for each fiscal year for spending on both capital costs and on operating costs, and shall indicate how such funds are to be spent. The Agent may make recommendations regarding a budget for any upcoming year but the Principal shall have the sole and final responsibility for establishing its expenditure under each budget. Money received by the Agent from the Principal in accordance with this Agreement shall be carefully disbursed only in strict accordance with the relevant budget (as amended from time to time by the Principal). However, the Principal shall not be obligated to make available to the Agent for disbursement any of the funds which are provided for in a budget.
2.5 The Agent agrees that it shall not be entitled to receive any remuneration for the services provided in accordance with the terms of this Agreement other than the remuneration provided for in this Agreement. The Agent shall be entitled to be reimbursed for its out- of-pocket costs for administering the funds of the Principal or supervising a Project of the Principal including the audit of its accounts relating to the funds of the Principal held by the Agent. Reimbursement shall be completed either ...
Accounting of Funds. Walla Walla shall provide a regular accounting of funds expended on the Project and provide such accounting reports to College Place and District 4. The Parties agree to regularly meet to discuss the accounting of funds and progress of the Project.
Accounting of Funds. 11 SECTION 4.29
Accounting of Funds. The District shall maintain a separate accounting of the funds received under the Program. The District shall include an itemized accounting of administrative costs claimed by the District. The District shall deposit funds in a federally insured interest bearing account. Interest earnings from the account shall be applied only to the Dirt, Gravel, and Low Volume Road Maintenance Program.
Accounting of Funds. The Fiscal and Contracting Entity shall maintain a strict accounting of funds collected, spent, and maintained on behalf of the Coordinating Committee, and shall provide fiscal statements not less frequently than Annually. The books and records of the Fiscal Agent shall be open to inspection by any member upon reasonable notice.
Accounting of Funds. The Funds and any and all program income therefrom shall be deposited and maintained in a separate account upon the books and records of Grantee (the "Account"). Grantee shall keep all records of the Account in a manner consistent with generally accepted accounting principles. All disbursements from the Account shall be for obligations incurred in the performance of this Agreement and shall be supported by contracts,, invoices, vouchers, and other data, as appropriate, evidencing the necessity of such expenditure. Failure to comply with this requirement may allow Grantor to withhold payment allocation requests until such compliance is demonstrated.
Accounting of Funds. There are no Oil and Gas Properties where (i) parties other than Partner own working interests in the lands and depths covered by such Oil and Gas Properties (or in the units in which such Oil and Gas Properties participate) and (ii) Partner serves as operator, for itself and such other parties (herein sometimes called "NON-OPERATORS"), of such lands and depths (or units) (such lands and depths, and units, are herein called the "OPERATING AGREEMENT PROPERTIES").
Accounting of Funds. Grantee shall submit to the Town a full and accurate accounting of Grantee’s operations and capital projects (if applicable) summarizing the prior month’s revenue and expenses with a statement(s) of activities (actual vs. budget) and summarizing the prior month’s assets with a balance sheet on or before the 20th day of each month during each Funding Period.
