Contents of the Pre-Award Survey Sample Clauses

Contents of the Pre-Award Survey. A major component of the pre-award survey is the accounting system survey. The accounting system survey team examines the applicant’s systems to determine whether the prospective recipient has the necessary organization, experience, and accounting and operational controls in order to achieve the objectives of the program, or whether specific conditions are needed for the accounting systems to be in compliance with applicable regulations and accounting and cost principles. (1) For a U.S. organization, the AO must ensure that the applicant can meet the requirements of the award, including 2 CFR 200 and the applicable cost principles. The survey team must conduct a detailed analysis that addresses whether:‌ i. The applicant’s accounting, recordkeeping, and overall financial management systems meet the standards in 2 CFR 200.300-309 and 2 CFR 200.334-338.‌ ii. The applicant's system of internal controls is reasonable in accordance with applicable accounting and cost principles. This includes, at a minimum, the segregation of duties, handling of cash, contracting procedures, and personnel and travel policies. iii. The applicant's property management system, if applicable, meets the property standards in 2 CFR 200.310-316. iv. The applicant meets the requirements in 2 CFR 200.331-333 for the administration and monitoring of subawards.‌‌ v. The applicant's procurement system, if procurement is significant to the award, meets the standards set forth in 2 CFR 200.317-327. (2) For a non-U.S. organization, the AO must ensure that the applicant can meet the requirements of ADS 303mab,
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Contents of the Pre-Award Survey. The survey team examines the applicant’s systems to determine whether the prospective recipient has the necessary organization, experience, accounting and operational controls, and technical skills in order to achieve the objectives of the program, or whether specific conditions will be needed.‌ (1) For a U.S. organization, the AO must ensure that the applicant can meet the requirements of the award, including 2 CFR 200 and the applicable cost principles. The AO or the AO’s representative must conduct a detailed analysis that addresses whether:‌ i. The applicant’s accounting, recordkeeping, and overall financial management systems meet the standards in 2 CFR 200.300-309 and 2 CFR 200.334-338.‌ ii. The applicant's system of internal controls is reasonable in accordance with applicable cost principles. This includes the segregation of duties, handling of cash, contracting procedures, and personnel and travel policies. iii. The applicant's property management system, if applicable, meets the property standards in 2 CFR 200.310-316. iv. The applicant meets the requirements in 2 CFR 200.331-333 for the administration and monitoring of subawards.‌‌ v. The applicant's procurement system, if procurement is significant to the award, meets the standards set forth in 2 CFR 200.317-327. (2) For a non-U.S. organization, the AO must ensure that the applicant can meet the requirements of ADS 303mab, Standard Provisions for Non- U.S. Nongovernmental Organizations as part of the risk assessment. For local non-U.S. organizations, the pre-award survey team must either use ADS 303sam,
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Related to Contents of the Pre-Award Survey

  • RIGHT OF ALLOTTEE TO USE COMMON AREAS AND FACILITIES SUBJECT TO PAYMENT OF TOTAL MAINTENANCE CHARGES The Allottee hereby agrees to purchase the [Apartment/Plot] on the specific understanding that is/her right to the use of Common Areas shall be subject to timely payment of total maintenance charges, as determined and thereafter billed by the maintenance agency appointed or the association of allottees (or the maintenance agency appointed by it) and performance by the Allottee of all his/her obligations in respect of the terms and conditions specified by the maintenance agency or the association of allottees from time to time.

  • File Management and Record Retention relating to CRF Eligible Persons or Households Grantee must maintain a separate file for every applicant, Eligible Person, or Household, regardless of whether the request was approved or denied. a. Contents of File: Each file must contain sufficient and legible documentation. Documents must be secured within the file and must be organized systematically.

  • SIMPLE Individual Retirement Custodial Account (Under section 408(p) of the Internal Revenue Code) The participant named above is establishing a savings incentive match plan for employees of small employers individual retirement account (SIMPLE IRA) under sections 408(a) and 408(p) to provide for his or her retirement and for the support of his or her beneficiaries after death. The custodian named above has given the participant the disclosure statement required by Regulations section 1.408-6. The participant and the custodian make the following agreement:

  • REASONS FOR AND BENEFITS OF THE TRANSACTIONS As advised and confirmed by SHK, Xx. Xxxxx, Xx. Xxxxxxx and a team of 4 employees of SHK Group were previously operating inside SHK Group and managing internal capital, and are now or soon be transferred to the Manager which is independent from SHK Group. The Manager’s strategy, which seeks to generate attractive risk-adjusted returns over full market cycles by way of investing in a diversified and uncorrelated portfolio of mainly credit securities and/or instruments in global credit markets, remains unchanged. As advised and confirmed by SHK, SHK Group is committed to build the infrastructure of fund management platform by strengthening and expanding its professional team. The entering into of the Cooperation Agreement is consistent with SHK Group’s strategy to establish long term partnerships with suitably qualified teams across the alternatives spectrum in such structures or relationships to develop and grow an independent third-party asset management business. Upon completion of the transactions contemplated under the Cooperation Agreement, the Manager and the Fund will be one of SHK Group’s fund management vehicle specialised in offering long-short credit strategy to the market. Furthermore, the SHK Group will be entitled to receive cooperation fee from the Manager’s introduction of new assets under management, while not increasing the SHK Group’s global credit exposure by in-specie subscription arrangement under the Cooperation Agreement. As advised and confirmed by SHK, the entering into of the Loan Agreement serves to build a long-term cooperation relationship between SHK Group and the Manager and to ensure the financial stability of the Manager to run its asset management business during the investment period. In addition, as advised and confirmed by SHK, the provision of the loan is part of the ordinary and usual course of business of SHKFC. As advised and confirmed by SHK, in view of the above, the SHK Directors are of the view that the terms of the transactions contemplated under the Cooperation Agreement, the Loan Agreement and the Share Charge are on normal commercial terms and the transactions are fair and reasonable, and in the interests of SHK and its shareholders taken as a whole. Based on the information and the confirmation provided by SHK and to the best knowledge, information and belief of the AGL Directors, the AGL Directors consider that the transactions contemplated under the Cooperation Agreement, the Loan Agreement and the Share Charge are fair and reasonable and in the interests of AGL and its shareholders taken as a whole.

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