Common use of Audit and Inspection of Records Clause in Contracts

Audit and Inspection of Records. Charter School agrees to observe and abide by the following terms and conditions as a requirement for receiving and maintaining its charter authorization:  Charter School is subject to District oversight.  The District’s statutory oversight responsibility continues throughout the life of the Charter and requires that the District, among other things, monitors the fiscal condition of Charter School.  The District is authorized to revoke this Charter for, among other reasons, the failure of Charter School to meet generally accepted accounting principles or if Charter School engages in fiscal mismanagement. Accordingly, the District hereby reserves the right, pursuant to its oversight responsibility, to audit Charter School books, records, data, processes and procedures through the District Office of the Inspector General or other means. The audit may include, but is not limited to, the following areas:  Compliance with terms and conditions prescribed in the Charter agreement,  Internal controls, both financial and operational in nature,  The accuracy, recording and/or reporting of Charter School’s financial information,  Charter School’s debt structure,  Governance policies, procedures and history,  The recording and reporting of attendance data,  Charter School’s enrollment process,  Compliance with safety plans and procedures, and  Compliance with applicable grant requirements. Charter School shall cooperate fully with such audits and shall make available any and all records necessary for the performance of the audit upon 30 days notice to Charter School. When 30 days notice may defeat the purpose of the audit, the District may conduct the audit upon 24- hours notice.

Audit and Inspection of Records. Charter School agrees to observe and abide by the following terms and conditions as a requirement for receiving and maintaining its charter authorization:  • Charter School is subject to District oversight.  • The District’s statutory oversight responsibility continues throughout the life of the Charter and requires that the District, among other things, monitors the fiscal condition of Charter School.  • The District is authorized to revoke this Charter for, among other reasons, the failure of Charter School to meet generally accepted accounting principles or if Charter School engages in fiscal mismanagement. Accordingly, the District hereby reserves the right, pursuant to its oversight responsibility, to audit Charter School books, records, data, processes and procedures through the District Office of the Inspector General or other means. The audit may include, but is not limited to, the following areas:  • Compliance with terms and conditions prescribed in the Charter agreement,  • Internal controls, both financial and operational in nature,  • The accuracy, recording and/or reporting of Charter School’s financial information,  • Charter School’s debt structure,  • Governance policies, procedures and history,  • The recording and reporting of attendance data,  • Charter School’s enrollment process,  • Compliance with safety plans and procedures, and  • Compliance with applicable grant requirements. Charter School shall cooperate fully with such audits and shall make available any and all records necessary for the performance of the audit upon 30 days notice to Charter School. When 30 days notice may defeat the purpose of the audit, the District may conduct the audit upon 24- hours notice.

Audit and Inspection of Records. Charter School agrees to observe and abide by the following terms and conditions as a requirement for receiving and maintaining its their charter authorization:  • Charter School is subject to District oversight.  • The District’s statutory oversight responsibility continues throughout the life of the Charter and requires that the Districtit, among other things, monitors the fiscal condition of the Charter School.  • The District is authorized to revoke this Charter for, among other reasons, the failure of the Charter School to meet generally accepted accounting principles or if Charter School it engages in fiscal mismanagement. Accordingly, the District hereby reserves the right, pursuant to its oversight responsibility, to audit Charter School books, records, data, processes and procedures through the District Office of the Inspector General or other means. The audit may include, but is not limited to, the following areas:  • Compliance with terms and conditions prescribed in the Charter agreement,  • Internal controls, both financial and operational in nature,  • The accuracy, recording and/or reporting of the Charter School’s financial information,  • The Charter School’s debt structure,  • Governance policies, procedures and history,  • The recording and reporting of attendance data,  • The Charter School’s enrollment process,  • Compliance with safety plans and procedures, and  • Compliance with applicable grant requirements. The Charter School shall cooperate fully with such audits and shall make available any and all records necessary for the performance of the audit upon 30 days notice to Charter School. When 30 days notice may defeat the purpose of the audit, the District may conduct the audit upon 24- 24-hours notice. CWC2 Charter School will develop and maintain internal fiscal control policies governing all financial activities.

Audit and Inspection of Records. Charter School agrees to observe and abide by the following terms and conditions as a requirement for receiving and maintaining its their charter authorization:  Charter School is subject to District oversight.  The District’s statutory oversight responsibility continues throughout the life of the Charter and requires that the Districtit, among other things, monitors the fiscal condition of the Charter School.  The District is authorized to revoke this Charter for, among other reasons, the failure of the Charter School to meet generally accepted accounting principles or if Charter School it engages in fiscal mismanagement. Accordingly, the District hereby reserves the right, pursuant to its oversight responsibility, to audit Charter School books, records, data, processes and procedures through the District Office of the Inspector General or other means. The audit may include, but is not limited to, the following areas:  Compliance with terms and conditions prescribed in the Charter agreement,  Internal controls, both financial and operational in nature,  The accuracy, recording and/or reporting of the Charter School’s financial information,  The Charter School’s debt structure,  Governance policies, procedures and history,  The recording and reporting of attendance data,  The Charter School’s enrollment process,  Compliance with safety plans and procedures, and  Compliance with applicable grant requirements. The Charter School shall cooperate fully with such audits and shall make available any and all records necessary for the performance of the audit upon 30 days notice to Charter School. When 30 days notice may defeat the purpose of the audit, the District may conduct the audit upon 24- hours notice. CWC3 Charter School will develop and maintain internal fiscal control policies governing all financial activities.

Audit and Inspection of Records. Charter School agrees to observe and abide by the following terms and conditions as a requirement for receiving and maintaining its their charter authorization:  : a) Charter School is subject to District oversight.  . b) The District’s statutory oversight responsibility continues throughout the life of the Charter and requires that the Districtit, among other things, monitors monitor the fiscal condition of the Charter School.  . c) The District is authorized to revoke this Charter charter for, among other reasons, the failure of the Charter School to meet generally accepted accounting principles or if Charter School it engages in fiscal mismanagement. Accordingly, the District hereby reserves the right, pursuant to its oversight responsibility, to audit Charter School books, records, data, processes and procedures through the District Office of the Inspector General or other means. The audit may include, but is not limited to, the following areas:  • Compliance with terms and conditions prescribed in the Charter agreement,  • Internal controls, both financial and operational in nature,  • The accuracy, recording and/or reporting of Charter School’s school financial information,  Charter School• The school’s debt structure,  • Governance policies, procedures and history,  • The recording and reporting of attendance data,  Charter School• The school’s enrollment process,  • Compliance with safety plans and procedures, and  • Compliance with applicable grant requirements. The Charter School shall cooperate fully with such audits and shall to make available any and all records necessary for the performance of the audit upon 30 days notice to Charter School. When 30 days notice may defeat the purpose of the audit, the District may conduct the audit upon 24- 24 hours notice. In addition, if an allegation of waste, fraud or abuse related to the Charter School operations is received by the District, the Charter School shall be expected to cooperate with any investigation undertaken by the Office of the Inspector General, Investigations Unit.

Audit and Inspection of Records. Charter School agrees to observe and abide by the following terms and conditions as a requirement for receiving and maintaining its their charter authorization:  Charter School is subject to District oversight.  The District’s statutory oversight responsibility continues throughout the life of the Charter and requires that the Districtit, among other things, monitors the fiscal condition of the Charter School.  The District is authorized to revoke this Charter for, among other reasons, the failure of the Charter School to meet generally accepted accounting principles or if Charter School it engages in fiscal mismanagement. Accordingly, the District hereby reserves the right, pursuant to its oversight responsibility, to audit Charter School books, records, data, processes and procedures through the District Office of the Inspector General or other means. The audit may include, but is not limited to, the following areas:  Compliance with terms and conditions prescribed in the Charter agreement,  Internal controls, both financial and operational in nature,  The accuracy, recording and/or reporting of the Charter School’s financial information,  The Charter School’s debt structure,  Governance policies, procedures and history,  The recording and reporting of attendance data,  The Charter School’s enrollment process,  Compliance with safety plans and procedures, and  Compliance with applicable grant requirements. The Charter School shall cooperate fully with such audits and shall make available any and all records necessary for the performance of the audit upon 30 days notice to Charter School. When 30 days notice may defeat the purpose of the audit, the District may conduct the audit upon 24- 24-hours notice. CWC HOLLYWOOD Charter School will develop and maintain internal fiscal control policies governing all financial activities.