Common use of ANNUAL FINANCIAL REVIEW Clause in Contracts

ANNUAL FINANCIAL REVIEW. BC Housing will conduct an annual financial review of the Provider. To facilitate the annual financial review, the Provider will: 1. submit audited financial statements, and a copy of the related auditor’s management letter to BC Housing within four (4) months after the end of each Fiscal Year. Where the Provider provides services in addition to those provided under this Agreement (e.g., outreach, affordable housing, etc.), the audited financial statement will include a separate Schedule of Revenue and Expenditure for each service provided in a format approved by BC Housing from time to time; 2. include details of any funding received from another agency or organization and used by the Provider to co-fund the management of the Development and the delivery of Support Services; 3. provide an auditor’s letter or notes with the financial statements indicating that any Operating Surplus is being spent and accounted for as provided in this Agreement; and 4. submit other financial information requested by BC Housing in a format approved by BC Housing from time to time.

ANNUAL FINANCIAL REVIEW. BC Housing will conduct an annual financial review of the Provider. To facilitate the annual financial review, the Provider will: 1. submit audited financial statements, and a copy of the related auditor’s management letter to BC Housing within four (4) months after the end of each Fiscal Year. Where the Provider provides services in addition to those provided under this Agreement (e.g., outreach, affordable housing, etc.), the audited financial statement will include a separate Schedule of Revenue and Expenditure for each service provided in a format approved by BC Housing from time to time; 2. include details of any funding received from another agency or organization and used by the Provider to co-fund the management of the Development and the delivery of Support ServicesDevelopment; 3. provide an auditor’s letter or notes with the financial statements indicating that any Operating Surplus is being spent and accounted for as provided in this Agreement; and 4. submit other financial information requested by BC Housing in a format approved by BC Housing from time to time.

ANNUAL FINANCIAL REVIEW. BC Housing will conduct an annual financial review of the Provider. To facilitate the annual financial review, the Provider will: 1. submit audited financial statements, statements and a copy of the related auditor’s management letter letter, to BC Housing within four (4) months after the end of each Fiscal Year. Where the Provider provides services in addition to those provided under this Agreement (e.g., homeless outreach, affordable housing, etc.), the audited financial statement will include a separate Schedule of Revenue and Expenditure for each service provided in a format approved by BC Housing from time to time; 2. include details of any funding received from another agency or organization and used by the Provider to co-fund the management of the Development and the delivery of Support Services; 3. provide an auditor’s letter or notes with the audited financial statements indicating that any Operating Surplus is being spent and accounted for as provided outlined in this Agreement; and 4. submit other financial information requested by BC Housing in a format approved by BC Housing from time to time.