Budgetary Control and Monitoring Sample Clauses

Budgetary Control and Monitoring. 4.1 The Head of Service shall prepare a draft annual budget for consideration by the ALS Management Board and approval by each of the Partners as part of its budget setting process. All areas listed at 2.3 are excluded by definition from the ALS budget. The Host Authority is not authorised to operate or budget for an accumulative or deficit position. In the event that the annual accounts are closed in a deficit position (see further detail at 4.3), the deficit will be made good by the Partners contributing in the same proportions as the Financial Contributions to the annual budget – having been agreed before the year end. Any surplus shall be carried over and returned to the Partners in the same proportions as the Partners’ Financial Contributions determined by the ALS Management Board (see further detail at 4.4). 4.2 The Host Agency’s Section 151 Officer shall ensure there are mechanisms in place to enable budgets to be managed in line with the available resources and any variations to the budget are identified as early as possible. The Host Authority’s Section 151 Officer will submit quarterly budget monitoring reports of ALS to the ALS Management Board. These reports will include explanations of any variances against the profiled budget. The ALS Management Board will review the expenditure and forecast to ensure that the allocated budget is being correctly adhered to. Each year, the ALS Management Board shall be presented with a proposed budget for ALS for the following financial year in Quarter 3 prior to the start of the financial year for agreement by quarter 4 recognising each Partner’s budget cycle and subject to financial approval in accordance with the financial procedures and constitutional arrangements for the Host authority. The proposed budget shall be based on the 2019/20 budget subject to adjustments (where an increase or a decrease) to allow for: i. indexation in line with local authority pay awards; ii. other changes in staff pay; iii. changes in the type, nature or quantum of the Service to be provided; and iv. changes in law, government policy and guidance and best practice.
Sample 1
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Budgetary Control and Monitoring. The Management Board shall prepare a draft annual budget for consideration by the Joint Committee and approval by each of the Partners as part of their budget setting process. The budget will be used to calculate the required contribution from each Partner as identified in paragraph 2 above. The Collaborative is not authorized to operate or budget for an accumulative or deficit position. In the event that annual accounts are closed in deficit position, the deficit will be made good by the Partners contributing to the same in the same proportions as the Partners contributions to the Annual Budget and any surpluses shall be carried over or returned to the Partners in the same proportions as the Partners contributions as determined by the Management Board and subsequently by the Joint Committee. The Host Authority’s Section 151 Officer shall ensure there are mechanisms in place to enable budgets to be managed in line with the available resources and any variations to the budget are identified as early as possible. The Host Authority’s Section 151 Officer will submit quarterly budget monitoring reports of the Collaborative to the Management Board and Joint Committee on a half yearly basis which will include explanations for any variances against the profiled budget. The Joint Committee will review the expenditure and monthly forecast to ensure that the allocated budget is being correctly adhered to. The Joint Committee shall be presented with a proposed budget for the Collaborative for the following financial year by 31st December prior to the start of each financial year for agreement by 7th March in each year subject to final approval in accordance with the financial procedures and constitutional arrangements of each Partner.
Sample 1

Related to Budgetary Control and Monitoring

  • Compliance Control Services (1) Support reporting to regulatory bodies and support financial statement preparation by making the Fund's accounting records available to the Trust, the Securities and Exchange Commission (the “SEC”), and the independent accountants. (2) Maintain accounting records according to the 1940 Act and regulations provided thereunder. (3) Perform its duties hereunder in compliance with all applicable laws and regulations and provide any sub-certifications reasonably requested by the Trust in connection with any certification required of the Trust pursuant to the Xxxxxxxx-Xxxxx Act of 2002 (the “SOX Act”) or any rules or regulations promulgated by the SEC thereunder, provided the same shall not be deemed to change USBFS’s standard of care as set forth herein. (4) Cooperate with the Trust’s independent accountants and take all reasonable action in the performance of its obligations under this Agreement to ensure that the necessary information is made available to such accountants for the expression of their opinion on the Fund’s financial statements without any qualification as to the scope of their examination.

  • Reporting and Monitoring Please provide a brief description of the mechanisms proposed for this project for reporting to the UNDP and partners, including a reporting schedule.

  • Compliance Monitoring Grantee must be subject to compliance monitoring during the period of performance in which funds are Expended and up to three years following the closeout of all funds. In order to assure that the program can be adequately monitored, the following is required of Grantee: a. Grantee must maintain a financial tracking system provided by Florida Housing that ensures that CRF funds are Expended in accordance with the requirements in this Agreement. b. Grantee must maintain records on all awards to Eligible Persons or Households. These records must include, but are not limited to: i. Proof of income compliance (documentation from submission month, including but not limited to paystub, Florida unemployment statement, social security and/or disability statement, etc.); ii. Lease; and iii. Documentation of rental assistance payments made.

  • Foreign Asset/Account, Exchange Control and Tax Reporting The Participant may be subject to foreign asset/account, exchange control and/or tax reporting requirements as a result of the acquisition, holding and/or transfer of shares of Common Stock or cash (including dividends and the proceeds arising from the sale of shares of Common Stock) derived from his or her participation in the Plan, to and/or from a brokerage/bank account or legal entity located outside the Participant’s country. The applicable laws of the Participant’s country may require that he or she report such accounts, assets, the balances therein, the value thereof and/or the transactions related thereto to the applicable authorities in such country. The Participant acknowledges that he or she is responsible for ensuring compliance with any applicable foreign asset/account, exchange control and tax reporting requirements and should consult his or her personal legal advisor on this matter.

  • Safeguards Monitoring and Reporting The Borrower shall do the following or cause the Project Executing Agency to do the following:

  • Operation and Maintenance Manuals Receipts for transmittal of Operation and Maintenance Manuals, Brochures and Data to the Design Professional (or Commissioning Agent) as required by Section 6.1.1.5.

  • Evaluation, Testing, and Monitoring 1. The System Agency may review, test, evaluate and monitor Grantee’s Products and services, as well as associated documentation and technical support for compliance with the Accessibility Standards. Review, testing, evaluation and monitoring may be conducted before and after the award of a contract. Testing and monitoring may include user acceptance testing. Neither the review, testing (including acceptance testing), evaluation or monitoring of any Product or service, nor the absence of review, testing, evaluation or monitoring, will result in a waiver of the State’s right to contest the Grantee’s assertion of compliance with the Accessibility Standards. 2. Grantee agrees to cooperate fully and provide the System Agency and its representatives timely access to Products, records, and other items and information needed to conduct such review, evaluation, testing, and monitoring.

  • PERFORMANCE MONITORING AND REPORTING Performance indicators

  • ANALYSIS AND MONITORING The Custodian shall (a) provide the Fund (or its duly-authorized investment manager or investment adviser) with an analysis of the custody risks associated with maintaining assets with the Eligible Securities Depositories set forth on Schedule B hereto in accordance with section (a)(1)(i)(A) of Rule 17f-7, and (b) monitor such risks on a continuing basis, and promptly notify the Fund (or its duly-authorized investment manager or investment adviser) of any material change in such risks, in accordance with section (a)(1)(i)(B) of Rule 17f-7.

  • Legal and Accounting Services The Company may obtain legal and accounting services to the extent reasonably necessary for the conduct of the Company's business.

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