Common use of COST REPORT Clause in Contracts

COST REPORT. 8 A. CONTRACTOR shall submit a Cost Report to County no later than sixty (60) calendar days 9 following termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance 10 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 Paragraph of this Contract. CONTRACTOR shall allocate direct and indirect costs to and between 12 programs, cost centers, services, and funding sources in accordance with such requirements and 13 consistent with prudent business practice, which costs and allocations shall be supported by source 14 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice. 16 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 following: 19 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 business day after the above specified due date that the accurate and complete Cost Report is not 21 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 7 A. CONTRACTOR shall submit a Cost Report to County no later than sixty (60) calendar days 9 8 following termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance 10 9 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 10 Paragraph of this Contract. CONTRACTOR shall allocate direct and indirect costs to and between 12 11 programs, cost centers, services, and funding sources in accordance with such requirements and 13 12 consistent with prudent business practice, which costs and allocations shall be supported by source 14 13 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 14 reasonable notice. 16 15 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 16 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 17 following: 19 18 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 19 business day after the above specified due date that the accurate and complete Cost Report is not 21 20 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 5 A. CONTRACTOR shall submit a Cost Report to County no later than sixty (60) calendar days 9 6 following termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance 10 7 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 8 Paragraph of this Contract. CONTRACTOR shall allocate direct and indirect costs to and between 12 9 programs, cost centers, services, and funding sources in accordance with such requirements and 13 10 consistent with prudent business practice, which costs and allocations shall be supported by source 14 11 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 12 reasonable notice. 16 13 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 14 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 15 following: 19 16 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 17 business day after the above specified due date that the accurate and complete Cost Report is not 21 18 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 26 A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty forty-five (6045) calendar 27 days 9 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in 28 accordance 10 with all applicable federal, state and COUNTY requirements, GAAP county requirements and the Special Provisions 11 Paragraph of this Contractgenerally accepted accounting 29 principles. CONTRACTOR shall allocate direct and indirect costs to and between 12 programs, cost 30 centers, services, and funding sources in accordance with such requirements and 13 consistent with prudent 31 business practice, which costs and allocations shall be supported by source 14 documentation maintained 32 by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice. 16 33 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 34 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 35 following: 19 36 a. CONTRACTOR may be assessed a late penalty of five-one hundred dollars ($500100) for each 20 37 business day after the above specified due date that the accurate and complete Cost Report is not 21 1 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 2 A. CONTRACTOR shall submit a Cost Report to County no later than sixty (60) calendar days 9 3 following termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance 10 with 4 all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 Paragraph of 5 this Contract. CONTRACTOR shall allocate direct and indirect costs to and between 12 programs, cost 6 centers, services, and funding sources in accordance with such requirements and 13 consistent with prudent 7 business practice, which costs and allocations shall be supported by source 14 documentation maintained by 8 CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice. 16 9 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 10 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 11 following: 19 12 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 13 business day after the above specified due date that the accurate and complete Cost Report is not 21 14 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 2 A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty (60) calendar days 9 3 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in accordance 10 4 with all applicable federal, state and COUNTY county requirements, GAAP generally accepted accounting principles and 5 the Special Provisions 11 Paragraph SPECIAL PROVISIONS (Article) of this ContractAgreement. CONTRACTOR shall allocate direct and 6 indirect costs to and between 12 programs, cost centers, services, and funding sources in accordance with 7 such requirements and 13 consistent with prudent business practice, which costs and allocations shall be 8 supported by source 14 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice.to 16 10 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 11 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 12 following: 19 13 a. CONTRACTOR may be assessed a late penalty of five-five hundred dollars ($500) for each 20 14 business day after the above specified due date that the accurate and complete Cost Report is not 21 15 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 25 A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty (60) calendar days 9 26 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in accordance 10 27 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 28 Paragraph of this ContractAgreement. CONTRACTOR shall allocate direct and indirect costs to and between 12 29 programs, cost centers, services, and funding sources in accordance with such requirements and 13 30 consistent with prudent business practice, which costs and allocations shall be supported by source 14 31 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 32 reasonable notice. 16 33 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 34 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 35 following: 19 36 a. CONTRACTOR may be assessed a late penalty of five-five hundred dollars ($500) for each 20 37 business day after the above specified due date that the accurate and complete Cost Report is not 21 1 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 31 A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty thirty (6030) calendar days 9 32 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in accordance 10 33 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 34 Paragraph of this ContractAgreement. CONTRACTOR shall allocate direct and indirect costs to and between 12 35 programs, cost centers, services, and funding sources in accordance with such requirements and 13 36 consistent with prudent business practice, which costs and allocations shall be supported by source 14 37 / 1 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 2 reasonable notice. 16 3 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 4 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 5 following: 19 6 a. CONTRACTOR may be assessed a late penalty of five-five hundred dollars ($500) for each 20 7 business day after the above specified due date that the accurate and complete Cost Report is not 21 8 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 2 A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty forty-five (6045) calendar 3 days 9 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in 4 accordance 10 with all applicable federal, state and COUNTY requirements, GAAP county requirements and the Special Provisions 11 Paragraph of this Contractgenerally accepted accounting 5 principles. CONTRACTOR shall allocate direct and indirect costs to and between 12 programs, cost 6 centers, services, and funding sources in accordance with such requirements and 13 consistent with prudent 7 business practice, which costs and allocations shall be supported by source 14 documentation maintained 8 by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice. 16 9 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 10 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 11 following: 19 12 a. CONTRACTOR may be assessed a late penalty of five-one hundred dollars ($500100) for each 20 13 business day after the above specified due date that the accurate and complete Cost Report is not 21 14 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 27 A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty (60) calendar days 9 28 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in accordance 10 29 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 Paragraph 30 of this ContractAgreement. CONTRACTOR shall allocate direct and indirect costs to and between 12 programs, cost 31 centers, services, and funding sources in accordance with such requirements and 13 consistent with prudent 32 business practice, which costs and allocations shall be supported by source 14 documentation maintained by 33 CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice. 16 34 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 35 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 36 following:: 37 // 19 1 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 2 business day after the above specified due date that the accurate and complete Cost Report is not 21 3 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 27 A. CONTRACTOR shall submit a Cost Report to County no later than sixty (60) calendar days 9 28 following termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance 10 29 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 30 Paragraph of this Contract. CONTRACTOR shall allocate direct and indirect costs to and between 12 31 programs, cost centers, services, and funding sources in accordance with such requirements and 13 32 consistent with prudent business practice, which costs and allocations shall be supported by source 14 33 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 34 reasonable notice. 16 35 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 36 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 37 following: 19 1 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 2 business day after the above specified due date that the accurate and complete Cost Report is not 21 3 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 A. 15 CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty forty-five (6045) calendar days 9 16 following termination of this Contract. CONTRACTOR shall prepare the Cost Report in accordance 10 17 with all applicable federal, state and COUNTY requirements, GAAP and the Special Provisions 11 18 Paragraph of this Contract. CONTRACTOR shall allocate direct and indirect costs to and between 12 19 programs, cost centers, services, and funding sources in accordance with such requirements and 13 20 consistent with prudent business practice, which costs and allocations shall be supported by source 14 21 documentation maintained by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 22 reasonable notice. 16 23 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 24 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 25 following: 19 26 a. CONTRACTOR may be assessed a late penalty of five-hundred dollars ($500) for each 20 27 business day after the above specified due date that the accurate and complete Cost Report is not 21 28 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The

COST REPORT. 8 2 [nd13] A. CONTRACTOR shall submit a Cost Report to County COUNTY no later than sixty (60) calendar 3 days 9 following termination of this ContractAgreement. CONTRACTOR shall prepare the Cost Report in 4 accordance 10 with all applicable federal, state and COUNTY requirements, GAAP county requirements and the Special Provisions 11 Paragraph of this Contractgenerally accepted accounting 5 principles. CONTRACTOR shall allocate direct and indirect costs to and between 12 programs, cost 6 centers, services, and funding sources in accordance with such requirements and 13 consistent with prudent 7 business practice, which costs and allocations shall be supported by source 14 documentation maintained 8 by CONTRACTOR, and available at any time to ADMINISTRATOR upon 15 reasonable notice. 16 9 1. If CONTRACTOR fails to submit an accurate and complete Cost Report within the time 17 10 period specified above, ADMINISTRATOR shall have sole discretion to impose one or both of the 18 11 following: 19 12 a. CONTRACTOR may be assessed a late penalty of five-one hundred dollars ($500100) for each 20 13 business day after the above specified due date that the accurate and complete Cost Report is not 21 14 submitted. Imposition of the late penalty shall be at the sole discretion of the ADMINISTRATOR. The