Annual Accounting Statements Sample Clauses

Annual Accounting Statements. (1) The Carrier shall furnish to OPM an accounting of its operations under the contract. In preparing the accounting, the Carrier shall follow the reporting requirements and statement formats prescribed by OPM in the OPM Annual and Fiscal Year Financial Reporting Instructions. (2) The Carrier shall have its Annual Accounting Statements and that of its underwriter, if any, audited in accordance with the FEHBP Experienced-Rated Carrier and Service Organization Audit Guide (Guide). The Carrier shall submit the audit report and the Annual Accounting Statements to OPM in accordance with the requirements of the Guide. (3) Based on the results of either the independent audit prescribed by the Guide or a Government audit, OPM may require the Carrier to adjust its annual accounting statements (i) by amounts found not to constitute actual, allowable, allocable and reasonable costs; or (ii) to reflect prior overpayments or underpayments. (4) The Carrier shall develop corrective action plans to resolve audit findings identified in audits that were performed in accordance with the Guide. The corrective action plans will be prepared in accordance with and as defined by the Guide.
Sample 1Sample 2
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Annual Accounting Statements. The Carrier shall furnish to OPM an accounting of its operations under the contract. In preparing the accounting, the Carrier shall follow the reporting requirements and statement formats prescribed by OPM in the OPM Annual and Fiscal Year Financial Reporting Instructions.
Sample 1
Annual Accounting Statements. Tenant shall furnish to Lessor as soon as practicable after the end of each Fiscal Year, and in any event within 120 days thereafter, a detailed statement of income and expense ("Annual Accounting Statement") from Phase 1A prepared by Tenant and certified, at Tenant's expense, by an independent certified public accountant who is a member of the American Institute of Certified Public Accountants, and setting forth in reasonable detail the computation of (a) Participation Rent, if any, for such Fiscal Year, (b) the amount of the Escalation Rent, if any, due for such Fiscal Year, (c) the amount of the Supplemental Rent, if any, due for such Fiscal Year, and (d) such other information as Lessor shall have specified by notice to Tenant prior to such Fiscal Year as shall be reasonably necessary for the determination of Escalation Rent, Participation Rent and Supplemental Rent. Lessor and its representatives shall have, at all reasonable times, the right to inspect all books of account of Tenant and of any person whose books are subject to inspection by Tenant or its representatives (and any other material reasonably relating thereto) and the right to cause such books of account to be audited by independent public accountants selected by Lessor as often as may be reasonably requested by Xxxxxx. Each such periodic audit or inspection shall be at the expense of Lessor unless after such an inspection or audit it is determined by agreement between Lessor and Tenant or by arbitration that the actual Escalation Rent, Participation Rent and Supplemental Rent due for such period exceeds by 5% or more the Escalation Rent, Participation Rent and Supplemental Rent for such period paid by Tenant, in which case such audit or inspection shall be at Tenant's expense; provided, however, that the amount of Escalation Rent, Participation Rent and Supplemental Rent disclosed to be due by any audit or inspection conducted by Lessor shall not necessarily be determinative of the Escalation Rent, Participation Rent and Supplemental Rent due hereunder for any period. Any additional Escalation Rent, Participation Rent or Supplemental Rent which is ultimately determined to be payable shall be paid to Lessor on the Rent Payment Date occurring immediately after any such ultimate determination, with interest at the annual rate of five percent (5%) over the discount rate of the Federal Reserve Bank of San Francisco (but in no event exceeding the maximum rate per annum from time to time permit...
Sample 1
Annual Accounting Statements. (1) The Carrier shall furnish to OPM an accounting of its operations under the contract. In pre- paring the accounting, the Carrier shall fol- low the reporting requirements and state- ment formats prescribed by OPM in the OPM Annual and Fiscal Year Financial Reporting Instructions. (2) The Carrier shall have its Annual Ac- counting Statements and that of its under- writer, if any, audited in accordance with the FEHBP Experienced-Rated Carrier and Service Organization Audit Guide (Guide). The Carrier shall submit the audit report and the Annual Accounting Statements to OPM in accordance with the requirements of the Guide. (3) Based on the results of either the inde- pendent audit prescribed by the Guide or a Government audit, OPM may require the Carrier adjust its annual accounting state- ments (i) by amounts found not to constitute actual, allowable, allocable and reasonable costs; or (ii) to reflect prior overpayments or underpayments. (4) The Carrier shall develop corrective ac- tion plans to resolve audit findings identified in audits that were performed in accordance with the Guide. The corrective action plans will be prepared in accordance with and as defined by the Guide.
Sample 1
Annual Accounting Statements. 5.3.1 Xxxxxxxx shall furnish to City as soon as it is prepared prior to the end of the first quarter of each Fiscal Year of Xxxxxxxx, a detailed statement of income and expenses (“Accounting Statement”) from the Commercial Units portion of the Private Project prepared by Xxxxxxxx’x accountant, setting forth in reasonable detail the computation of Revenue Payments, if any, for the immediately preceding Fiscal Year, including a detailed breakdown and calculation of Unreturned Capital Contributions, Gross Revenues, Project Expenses and other relevant categories and such other information as City shall have specified by notice to Xxxxxxxx prior to such Fiscal Year, as shall be reasonably necessary for City to maintain an accurate record of the financial viability of the Project.
Sample 1

Related to Annual Accounting Statements

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • Earning Statements The Company will make generally available (which includes filings pursuant to the Exchange Act made publicly through the XXXXX system) to its security holders as soon as practicable, but in any event not later than 16 months after the end of the Company’s current fiscal year, an earnings statement (which need not be audited) covering a 12-month period that shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 of the Rules and Regulations.

  • Operating Statements In the case of each Mortgage Loan, the related Mortgage or another Mortgage Loan document requires the related Mortgagor, in some cases at the request of the lender, to provide the holder of such Mortgage Loan with at least quarterly operating statements and rent rolls (if there is more than one tenant) for the related Mortgaged Property and annual financial statements of the related Mortgagor, and with such other information as may be required therein.

  • Statements of Reconciliation after Change in Accounting Principles If, as a result of any change in accounting principles and policies from those used in the preparation of the Historical Financial Statements, the consolidated financial statements of Holdings and its Subsidiaries delivered pursuant to Section 5.1(b) or 5.1(c) will differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance satisfactory to Administrative Agent;

  • Annual Independent Public Accountants' Servicing Statement; Financial Statements On or before 120 days after the end of the Master Servicer's fiscal year, commencing with its 2002 fiscal year, the Master Servicer at its expense shall cause a nationally or regionally recognized firm of independent public accountants (who may also render other services to the Master Servicer, the Seller or any affiliate thereof) which is a member of the American Institute of Certified Public Accountants to furnish a statement to the Trustee and the Depositor to the effect that such firm has examined certain documents and records relating to the servicing of the Mortgage Loans under this Agreement or of mortgage loans under pooling and servicing agreements substantially similar to this Agreement (such statement to have attached thereto a schedule setting forth the pooling and servicing agreements covered thereby) and that, on the basis of such examination, conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FNMA and FHLMC, such servicing has been conducted in compliance with such pooling and servicing agreements except for such significant exceptions or errors in records that, in the opinion of such firm, the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FNMA and FHLMC requires it to report. In rendering such statement, such firm may rely, as to matters relating to direct servicing of mortgage loans by Subservicers, upon comparable statements for examinations conducted substantially in compliance with the Uniform Single Attestation Program for Mortgage Bankers or the Audit Program for Mortgages serviced for FNMA and FHLMC (rendered within one year of such statement) of independent public accountants with respect to the related Subservicer. Copies of such statement shall be provided by the Trustee to any Certificateholder upon request at the Master Servicer's expense, provided that such statement is delivered by the Master Servicer to the Trustee.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Accounting Reports (a) By February 20 of each calendar year the General Partner shall provide to the Limited Partner and the Special Limited Partner all tax information necessary for the preparation of their federal and state income tax returns and other tax returns with regard to the jurisdiction(s) in which the Partnership is formed and in which the Apartment Housing is located. (b) By March 1 of each calendar year the General Partner shall send to the Limited Partner and the Special Limited Partner: (1) a balance sheet as of the end of such fiscal year and statements of income, Partners' equity and changes in cash flow for such fiscal year prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report containing an opinion of the Partnership's Accountants; (2) a report (which need not be audited) of any Distributions made at any time during the fiscal year, separately identifying Distributions from Net Operating Income for the fiscal year, Net Operating Income for prior years, Sale or Refinancing Proceeds, and reserves; and (3) a report setting forth the amount of all fees and other compensation and Distributions and reimbursed expenses paid by the Partnership for the fiscal year to the General Partner or Affiliates of the General Partner and the services performed in consideration therefor, which report shall be verified by the Partnership's Accountants, with the method of verification to include, at a minimum, a review of the time records of individual employees, the costs of whose services were reimbursed, and a review of the specific nature of the work performed by each such employee, all in accordance with generally accepted auditing standards and, accordingly, including such tests of the accounting records and such other auditing procedures as the Accountants consider appropriate in the circumstances. (c) Within 60 days after the end of each fiscal quarter in which a Sale or Refinancing of the Apartment Housing occurs, the General Partner shall send to the Limited Partner and the Special Limited Partner a report as to the nature of the Sale or Refinancing and as to the Income and Losses for tax purposes and proceeds arising from the Sale or Refinancing.

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

  • Annual Accounts A copy of the final audited financial statements including Balance Sheets and Profit and Loss Accounts with associated accounting policies and notes to the accounts within the 10 Months of the end of the accounting period, as per the deadline imposed by Companies House, for Contractors registered in the UK. Where Contractors are not registered with Companies House, they must forward the information detailed in Annex 1. Where Annual Accounts are not signed off, we may request a copy of the latest Financial Year Draft Accounts prior to Annual Accounts being signed off. The draft accounts should include Balance Sheet and Profit and Loss Account with associated accounting policies and notes to the Accounts.

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