Contract and Financial Management Sample Clauses

Contract and Financial Management. Effective and efficient delivery of services for this project is based on having the right people, processes, and tools. For a program whose focus is changing long-standing behaviors while continually improving the TDM offerings and effectiveness this demands that management is focused on minimizing administrative and managerial burdens, and consolidating as many functions as possible across the downstate area. The Consultant shall effectively track progress and costs using data available from program tracking and our accounting system (AccuFund). Contract management, budget, and general project administration shall be consolidated and shall be the responsibility of MetroPool, under the direction of Xxx Xxxxxxx, Director of Finance and Administration. Xxxxxxx will work with Partnership representatives in each downstate NYSDOT Region collecting hours, invoices, expenditures, costs, etc. on a monthly basis. All contract and financial interaction with the State shall come through MetroPool. The targeted billing date is the 15th of the month following when the cost was incurred. Cost Monitoring. AccuFund software suite tracks detailed financial data at the contract, task and subtask levels, including labor hours and costs by labor category and individual, other direct costs, travel, expenditures and detailed subcontractor invoice data. MetroPool shall use AccuFund data to track all expenditures against the approved budgets.
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Related to Contract and Financial Management

  • Financial Management (a) The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.09 of the Standard Conditions.

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following:

  • Financial Management Services ‌ Definition: Financial Management Services includes the planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization. Examples: Service areas that are included under the Financial Management Services discipline include, but are not limited to the following:

  • Financial Management Standards The financial management systems of Grantee must meet the following standards:

  • FINANCIAL MANAGEMENT AND OVERSIGHT Measure 2a Is the school meeting financial reporting and compliance requirements?

  • Fiscal Management Grantee must have accounting and internal control systems to ensure proper management of federal and state funds, maximize non-federal resources, and maintain solvency. Xxxxxxx’s accounting and internal control systems must meet the following requirements:

  • Emergency Financial Manager If an emergency financial manager is appointed by the State under the Fiscal Accountability Act, the emergency manager may reject, modify, or terminate the collective bargaining agreement in his/her sole discretion. This authority is a prohibited subject of bargaining under the Public Employment Relations Act (PERA).

  • New Financial Services Each Party shall permit a financial service supplier of the other Party to provide any new financial service of a type similar to those services that the Party would permit its own financial service suppliers to provide under its domestic law in like circumstances. A Party may determine the juridical form through which the service may be provided and may require authorisation for the provision of the service. Where such authorisation is required, a decision shall be made within a reasonable time and the authorisation may only be refused for prudential reasons.

  • Financial Management; Financial Reports; Audits 1. The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.07 of the Standard Conditions.

  • Management and Financial Controls At all times, the School shall maintain appropriate governance and management procedures and financial controls which shall include, but not be limited to: (a) budgets, (b) accounting policies and procedures, (c) payroll procedures,

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