Annual Financial Statement. The Contractor will provide the County with the Plan’s annual financial statements and information to ensure the County and/or its independent accounting firm is able to audit the Plan in accordance with generally acceptable accounting principles and GASB requirements. The summary financial reports as specified by the County will be provided within fifteen (15) days after the end of the County’s fiscal year. The Plan’s Annual Financial Statements will be provided to the County within forty-five (45) days after the end of each Plan year, in a quantity required by the County. If the Contractor fails to deliver the plans’ fiscal year and annual financial statements within the specified timeframe, the Contractor shall pay the County a $500 per day penalty.
Appears in 4 contracts
Samples: Health Reimbursement Arrangement Administration Agreement, Contract for Administration of a Health Reimbursement Arrangement Program, Contract for Administration of a Health Reimbursement Arrangement Program
Annual Financial Statement. The Contractor will provide the County with the Plan’s annual financial statements consistent with current process and information to ensure the County and/or its independent accounting firm is able to audit the Plan in accordance with generally acceptable accounting principles and GASB requirements. The summary financial reports as specified by the County will be provided within fifteen (15) days after the end of the County’s fiscal year. The Plan’s Annual Financial Statements will be provided to the County within forty-five (45) days after the end of each Plan year, in a quantity required by the County. If the Contractor fails to deliver the plans’ fiscal year and annual financial statements within the specified timeframe, the Contractor shall pay the County a $500 per day penalty.
Appears in 1 contract
Samples: Contract for Administration of a Health Reimbursement Arrangement
