Administration of Funds. A. Funding shall be paid to Sub-grantee as a reimbursement for authorized expenses incurred for the STATE LIHEAP Program pursuant to this Agreement, and in accordance with the fiscal policies and procedures of the IHCDA. Following the expiration or termination of this Agreement, Sub-grantee shall reconcile all costs incurred through this Agreement pursuant to instructions in Paragraph (H)-(J) below. Sub-grantee must maintain and implement written procedures to minimize the time elapsing between the transfer of funds to Sub-grantee and Sub-grantee’s issuance or redemption of checks, warrants, or payments by other means for program purposes.
B. The amount of funding from all appropriate Federal sources that Sub-grantee uses for planning and administration of the STATE LIHEAP Program shall be a percentage set by IHCDA. In no event, however, shall the total amount of funding paid to Sub-grantee under the Activity Description of .1 Administration exceed five percent (5%) of the total benefit funding actually expended by Sub-grantee under the Agreement. Sub-grantee shall pay from non-Federal sources the remaining costs of planning and administering the STATE LIHEAP Program.
C. The parties agree that IHCDA’s payment through this Agreement is subject to and conditioned upon the availability of funds. If funds are reduced during the term of this Agreement, IHCDA is under no obligation to make payment hereunder, except to the extent that funds are available.
D. IHCDA may, in its sole discretion, de-obligate and/or re-distribute all or any portion of the Total Grant Amount if the Sub-grantee fails to meet applicable program requirements or if the Sub-grantee’s expenditures for production and number of completions are substantially below the network’s average.
E. IHCDA will review Sub-grantee’s weatherization production completions and its expenditures under this Agreement. If Sub-grantee’s expenditures for production fall substantially below the schedule of production contained in Sub-grantee’s approved Budget (the “Standard”) and Sub-grantee has not addressed the shortfall with IHCDA and developed a plan to raise its performance up to the Standard, then IHCDA may, at its sole discretion, decrease Sub-grantee’s Total Grant Amount and reallocate the remaining unexpended funds to another sub-grantee.
F. The Sub-grantee shall administer its program to comply with the following benchmarks as identified in the STATE LIHEAP Budget Form:
a. Complete monthly production proje...
Administration of Funds. PlayOn will manage the collection and accounting of all funds received, including the management of refunds. If School produces regular season content on an alternative streaming platform in violation of this Agreement, PlayOn reserves the right to withhold any Revenue Share attributed to School. PlayOn will calculate the funds to be disbursed to School on a quarterly basis on the following dates: October 31st, January 31st, April 30th, and July 31st. Funds will be disbursed to School within 30 days of these dates. Detailed records can be provided for auditing purposes upon request. School must earn a minimum of $50 in aggregate Revenue Share proceeds within a school year to receive a check.
Administration of Funds a. The funds shall be administered on behalf of the Board by the Peace River South Teachers’ Association.
i. Payments from the fund will be made by the treasurer of the Professional Development Committee.
ii. Payments will be made in accordance with the regulations established within each unit and only on receipt of appropriate vouchers with accompanying receipts, where applicable.
iii. The fund shall be subject to an annual audit and submitted to the Board’s auditor for analysis and subsequent presentation to the Board.
iv. Each unit within the Union shall be responsible for professional development policies and procedures for the distribution of funds available to the unit.
v. No policy or procedure developed by the unit shall be in conflict with the principles contained in the Declaration of Professional Development: Local Agreement Appendix “A”.
vi. Decisions concerning the utilization of the Professional Growth Fund will be determined by the Board/Union Professional Growth Committee.
Administration of Funds. A. Funding shall be paid to Sub-grantee as a reimbursement for authorized expenses incurred pursuant to this Agreement and in accordance with the fiscal policies and procedures of IHCDA. Sub-grantee must maintain and implement written procedures to minimize the time elapsing between the transfer of funds to Sub-grantee and Sub-grantee’s issuance or redemption of checks, warrants, or payments by other means for program purposes.
B. The amount of CSBG funding that the Sub-grantee uses for CSBG administrative costs shall be no more than 20%. For the purposes of this grant, administrative costs are those related to the general management of the Sub-grantee’s organization, such as strategic direction, Board development, Executive Director functions, accounting, budgeting, personnel, procurement, and legal services.
C. The parties agree that IHCDA’s payment through this Agreement is subject to and conditioned upon the availability of funds. If funds are reduced during the term of this Agreement, IHCDA is under no obligation to make payment hereunder, except to the extent that funds are available.
D. Sub-grantee shall maintain financial and accounting records which identify costs attributable to each ACTIVITY DESCRIPTION specified in ATTACHMENT A. Sub- grantee shall further maintain annual, written cost methodologies, which identify procedures for attributing costs to each ACTIVITY DESCRIPTION. More restrictive fiscal accountability may be required of Sub-grantee by IHCDA should IHCDA determine that Sub-grantee is financially unstable, has a history of poor accountability, or has a management system which does not meet the standards required by IHCDA or the United States Government.
E. All payments shall be made in arrears in conformance with IHCDA fiscal policies and procedures and, as required by Indiana Code § 4-13-2-14.8, by electronic funds transfer to the financial institution designated by the Contractor in writing unless a specific waiver has been obtained from the Auditor of State.
F. Sub-grantee shall maintain the funds received from IHCDA pursuant to this Agreement in an identifiable bookkeeping account and shall use the funds solely for the purposes set forth in this Agreement, in accordance with the terms of this Agreement and ATTACHMENT A.
G. Sub-grantee agrees to follow generally accepted accounting procedures and practices which sufficiently and properly reflect all costs incurred by Sub-grantee pursuant to this Agreement. Sub-grantee shall manage...
Administration of Funds. The Lessee and the Lessor agree that at all times while the Bonds are Outstanding, all gross revenues of the Project shall be deposited with the Trustee and administered in accordance with the terms of the Indenture.
Administration of Funds. The Authority shall be responsible for the strict accountability of all funds and reports of all receipts and disbursements in conformity with Government Code Section 6505. All funds of the Authority may be held in common although there shall be a separate accounting for funds of each Coverage Program.
Administration of Funds. 194 195 The Authority shall be responsible for the strict accountability of all funds and reports of all receipts and 196 disbursements in conformity with Government Code Section 6505. All funds of the Authority may be 197 held in common although there shall be a separate accounting for funds of each Coverage Program. 198 199 200 ARTICLE XVI ‐ NEW PARTIES 201 202 Prospective Parties may apply to the Board of Directors at any time. The Board shall have the power to 203 accept a prospective Party, after reviewing their application. The membership shall become effective 204 upon the Board’s approval and the signing of this Agreement, participation in all mandatory Coverage 205 Programs, and compliance with any and all other requirements imposed upon membership by the 206 Bylaws or other Governing Documents. 207 208 209 ARTICLE XVII ‐ WITHDRAWAL 210 211 A Party to this Agreement may not withdraw as a party to this Agreement prior to being a Party for at 212 least three full fiscal years. A Party, who has been a Party for at least three full fiscal years, may 213 withdraw from this Agreement only on the completion of a fiscal year. The Party must provide the 214 Chairperson written notice of intent to withdraw at least six‐months prior to withdrawal. The Party may 215 rescind its notice of intent to withdraw at any time prior to ninety‐days prior to the commencement of 216 the next fiscal year. The Board may authorize rescission of the intent to withdraw upon a Party’s request 217 pursuant to the Bylaws at any time. 218 ARTICLE XVIII ‐ EXPULSION 219 220 The Board may expel a Party to this Agreement as a Party as provided for in the Bylaws. The expelled 221 Party shall be given written notice of such action of the Board at least ninety‐days prior to the effective 222 date of the expulsion. 223 224 225 ARTICLE XIX ‐ EFFECT OF EXPULSION OR WITHDRAWAL 226 227 Pursuant to Government Code Section 6512.2, termination of any Party to this Agreement as a Party 228 shall not be construed to be completion of the purpose of the Agreement and shall not require the 229 return of any Contributions, payments or advances made by the Party until the Agreement is rescinded 230 or terminated by all Parties in accordance with Article XX. 231 232 Termination of a Party to this Agreement as a Party shall not terminate its continuing responsibilities 233 defined in any Governing Document or Coverage Program Document for the period of time in which the 234 Party participated, including...
Administration of Funds. All SEP funds shall be kept in a restricted internal bookkeeping account dedicated solely to fulfill the overall goals of this program. SEP funds received and grants awarded shall be accounted for in the Rose Foundation’s annual audit.
Administration of Funds. Manager shall have access to the Renaissance Account, which shall be established and maintained at a bank selected by Manager and approved by Renaissance. In connection with the administration of funds under this Section and throughout the Term, Renaissance grants Manager a special power of attorney and appoints Manager as Renaissance's true and lawful agent and attorney-in-fact, and Manager accepts such special power of attorney and appointment, to deposit appropriate funds into the Renaissance Account and to make withdrawals from the Renaissance Account for payments specified in this Agreement and as requested by Renaissance. Manager shall be obligated to deposit any monies or other assets it receives for any reason on behalf of Renaissance in the Renaissance Account. Notwithstanding the special power of attorney granted to Manager hereunder Renaissance may continue to draw checks on the Renaissance Account. Upon request of Manager or the financial institution wherein the Renaissance Account is maintained, such additional documents or instruments as may be necessary to evidence or effect the special power of attorney granted to Manager by Renaissance.
Administration of Funds. PDA shall oversee the administration of the wetland credit funds. The funds shall be used to cover the cost of designing, constructing, and administering the mitigation project.
