Common use of Annual Audits Clause in Contracts

Annual Audits. The School agrees to pay its proportionate share of the district’s annual audit expense and to budget an appropriate amount annually for purposes of conducting the School’s annual audit. The School does not have an associated not-for-profit foundation that is designated as a component unit of the School.

Annual Audits. The School agrees to pay its proportionate share of the district’s annual audit expense and to budget an appropriate amount annually for purposes of conducting the School’s annual audit. Select one: [ X ] The School has an associated not-for-profit foundation named ACE Leadership High School Foundation , and the foundation is designated as a component unit of the School. The foundation shall pay a reasonable, additional amount to include the not- for-profit foundation in the School’s audit. OR [ ] The School does not have an associated not-for-profit foundation that is designated as a component unit of the School.

Annual Audits. The School agrees to pay its proportionate share of the districtAuthorizer’s annual audit expense and to budget an appropriate amount annually to pay that amount for purposes of conducting the School’s annual audit. Select one: [ ] The School has an associated not-for-profit foundation named , and the foundation is designated as a component unit of the School. The School shall pay a reasonable, additional amount to include the not-for-profit foundation in the School’s audit. OR [ ] The School does not have an associated not-for-profit foundation that is designated as a component unit of the School.

Annual Audits. The School agrees to pay its proportionate share of the district’s annual audit expense and to budget an appropriate amount annually for purposes of conducting the School’s annual audit. [ X ] The School does not have an associated not-for-profit foundation that is designated as a component unit of the School.