Annual Financial Report.
(1) The Concessioner shall submit annually as soon as possible but not later than one hundred twenty (120) days after the last day of its fiscal year a financial statement for the preceding fiscal year or portion of a year as prescribed by the Director (“Concessioner Annual Financial Report”).
(2) If the annual gross receipts of the Concessioner are in excess of $1,000,000, the financial statements shall be audited by an independent Certified Public Accountant in accordance with Generally Accepted Auditing Standards (GAAS) and procedures promulgated by the American Institute of Certified Public Accountants.
(3) If annual gross receipts are between $500,000, and $1,000,000, the financial statements shall be reviewed by an independent Certified Public Accountant in accordance with Statements on Standards for Accounting and Review Services (SSARS) and procedures promulgated by the American Institute of Certified Public Accountants.
(4) If annual gross receipts are less than $500,000, the financial statements may be prepared without involvement by an independent Certified Public Accountant, unless otherwise directed by the Director.
Annual Financial Report. The Municipality shall submit an Annual Report, as set out under Part B.2 of Schedule “B” of this Agreement, to UCPR on the dates set out in Part C.5 of Schedule “C” of this Agreement and in accordance with the requirements set out under Part
Annual Financial Report. Franchisee shall complete and submit to Franchisor on a regular continuing basis an annual financial report (which may be unaudited) prepared in compliance with GAAP within ninety days after the end of Franchisee’s fiscal year. The annual financial report must reflect the annual statement of operations and include an income statement and a balance sheet and provide such other forms, reports, records and financial statements as Franchisor may reasonably designate. If Franchisee has combined or consolidated such financial information for the Xxxxx with that of any other business, Franchisee shall submit to Franchisor, the forms, reports, records and financial statements which contain the financial information for the Xxxxx licensed by this Agreement. Franchisor or its designees shall have the right at all reasonable times to review, audit, examine and copy any and all of the books and records of Franchisee at the Xxxxx. Franchisee shall make such books and records available to Franchisor or its designees immediately upon request. Franchisee authorizes Franchisor in its sole discretion to disclose data from Franchisee’s financial reports to prospective or existing franchises or to other third parties, as long as Franchisee is not specifically identified.
Annual Financial Report. The Recipient will submit a detailed annual financial report in accordance with the same Budget Item cost categories shown in Schedule 2. This annual financial report will summarize all revenues and expenditure information in connection with the Work including the sources and uses for each of the FII Project Funding, the Third-Party Project Funding and the Additional Outside Funding, if any, and will incorporate a Reconciliation Statement and Certification for Project Expenditures, the template for which can be downloaded from the on-line application system. The annual financial report must document actual expenditures incurred by the Recipient in delivering the Work and be supported by financial records in the Recipient’s accounting system and financial records. The Recipient must submit the Reconciliation Statement and Certification for Project Expenditures to FII by April 26, 2021 (or within 25 days of the expiry or earlier termination of this Agreement). The statement must be certified on behalf of the Recipient by a Certified Professional Accountant which certification will confirm that the annual financial report is a true and accurate representation of the financial transactions undertaken by the Recipient in respect of the Work performed during the Term. The certification by a Certified Professional Accountant also certifies that the statement has been prepared in accordance with Canadian Generally Accepted Accounting Principles and reflects the FII Project Funding, the Third-Party Project Funding and the Additional Outside Funding, if any, received, and that the costs claimed in respect of the FII Project Funding are Eligible Costs. The annual financial report must also include a certification by a Certified Professional Accountant that all the Third-Party Project Funding and the Additional Outside Funding, if any, received by the Recipient in connection with the Work or the Project Proposal has been disclosed to FII and is accurately reflected as the applicable type of funding in the annual financial report. The Reconciliation Statement and Certification for Project Expenditures must specify the total amount of interest earned on Accountable Advances and on the FII Project Funding during the Term.
Annual Financial Report. The Director or designee shall annually prepare and submit the Annual Financial Report on a timely basis using the form adopted by the ISBE. The Director shall review and discuss the Annual Financial Report with the Board before it is submitted.
Annual Financial Report. Borrower agrees that during the period that the Note is outstanding, it shall, after Borrower's first issuance of the Note to Lender, provide Lender with an annual financial report (the "Annual Financial Report") which shall be delivered to Lender on or before the 130th day following the close of Borrower's fiscal year. The Annual Financial Report shall include a complete description of all revenues, expenses, and income accrued, received, or recorded by the Borrower for the year immediately prior to the year in which the Annual Financial Report is delivered.
Annual Financial Report. The Recipient shall submit an Annual Report, as set out under Part B.2 of Schedule “B” of this Agreement, to Ontario on the dates set out in Part
Annual Financial Report. Within ninety (90) days following the end of each Fiscal Year of the Development, the Developer shall furnish the Subsidizing Agency with a complete annual financial report for the Development based upon an examination of the books and records of the Developer containing a detailed, itemized statement of all income and expenditures, prepared and certified by a certified public accountant in accordance with the reasonable requirements of the Subsidizing Agency which include: (i) financial statements submitted in a format acceptable to the Subsidizing Agency; (ii) the financial report on an accrual basis and in conformity with generally accepted accounting principles applied on a consistent basis; and (iii) amounts available for distribution under Section 7 above. A duly authorized agent of the Developer must approve such submission in writing. The provisions of this paragraph may be waived or modified by the Subsidizing Agency.
Annual Financial Report. Comcast shall submit to the Township, no later than thirty (30) days after a written request, a financial statement including a statement of income, balance sheet and a statement of sources and applications of funds which shall be certified by Comcast’s Chief Financial Officer in accordance with Generally Accepted Accounting Principles. Submission of the most recent U.S. Securities and Exchange Commission Annual Report Form 10–K prepared by Comcast shall be deemed as a satisfactory compliance of this Section 8.2.
Annual Financial Report. The Provider shall submit a completed Annual Financial Report form, incorporated herein by reference, to the Council contract manager by July 15. The report shall identify total expenditures, specific to this and only this subcontract, for the preceding subcontract year. Any remaining funds will be deducted from the final invoice payment. The Provider will be contacted by the contract manager if that deduction is insufficient to cover the remaining funds total. The balance must be remitted to the Council by July 30.
