All Financial Statements Sample Clauses
The "All Financial Statements" clause requires a party to provide comprehensive financial records, typically covering all relevant periods and entities involved in a transaction or agreement. In practice, this means the party must supply balance sheets, income statements, cash flow statements, and any other pertinent financial documents, often for several past fiscal years. This clause ensures that the other party has full visibility into the financial health and history of the disclosing party, thereby reducing the risk of hidden liabilities or misrepresentations.
All Financial Statements. A. Contractor shall submit Medi-Cal financial reports, including financial information for Adult Expansion Members. Contractor shall submit financial reports to DHCS no later than 120 calendar days after the close of the following periods:
1) January 1, 2014 to June 30, 2015 (18 months); and 2) July 1, 2015 to June 30, 2016 (12 months)
B. Contractor shall prepare all financial information requested by DHCS in accordance with Generally Accepted Accounting Principles. Contractor’s financial reports shall be prepared in the DMHC required financial reporting format. All financial reports shall include the following reports/schedules:
1) Report 2: Statement of Revenue, Expenses, and Net Worth; and
2) Report 4: Enrollment and Utilization Table.
C. Where appropriate, this Contract refers to the ▇▇▇▇-▇▇▇▇▇ Health Care Service Plan Act of 1975 rules in Title 28, CCR Section 1300.51 et. seq. Contractor shall submit information based on current operations. Contractor, as well as Subcontractors, shall submit financial information consistent with DMHC filing requirements unless otherwise specified by DHCS.
All Financial Statements. All of the Financial Statements are materially correct and materially complete and fairly reflect the financial condition and results of operations for the period indicated (except only for such usual year-end adjustments and footnotes as are omitted).