Common use of Fee Ledger Clause in Contracts

Fee Ledger. XXXX will maintain two ledgers: one to track mitigation fees and expenditures, and a second to track debits and credits. Both ledgers will be organized by Service Area, and the two will be related to each other. The ledgers will be used to track the source of funding for compensatory mitigation projects as well as where and how fees collected from credit sales are spent. This section describes the Fee Ledger and Section VI-F describes the Credit Ledger. The Fee Ledger will track all income (mitigation fees collected from advance or certified credit sales and any interest earned) and expenditures from the program. The fee ledger will comprise separate sub-ledgers for each of the sixteen Service Areas. Each Service Area fee ledger will show the following: Mitigation fees collected for each permitted impact project:  Credit fee amount  Impact project Permit Number Deposits and expenditures from the Statewide Program Administration Account:  Origin of deposits (Impact Permit Number(s))  Program administration expenditures Deposits and expenditures from the Mitigation Account:  Origin of deposits (Impact Permit Number(s))  Mitigation transfers and expenditures (Compensatory mitigation project name(s)) Deposits and expenditures from the Contingency Account:  Origin of deposits (Impact Permit Number(s))  Contingency expenditures (Compensatory mitigation project name(s)) Deposits and expenditures from the Long-Term Management Account:  Origin of deposits (Impact Permit Number(s))  Long-term management expenditures (Compensatory mitigation project name(s)) Deposits and expenditures from each Mitigation Project Account:  List of expenditures by task categories covering all aspects of implementing mitigation receiving projects (e.g., administrative costs specific to the project, acquisition of property and protections, design and permitting, construction, monitoring, and long-term maintenance and management) Xxx Xxxxxxx will be provided to the Corps in annual accounting reports by March 31 of the following year for approval by the Corps. Reports will include detailed summaries of Program Account deposits and disbursements for each ILF project made over the previous fiscal year (January 1 – December 31). The Corps may review Program Account records with 14 days written notice. When so requested, XXXX will provide access to all books, accounts, reports, files, and other records relating to the Program Account.

Fee Ledger. XXXX will maintain two ledgers: one to track mitigation fees and expenditures, and a second to track debits and credits. Both ledgers will be organized by Service Area, and the two will be related to each other. The ledgers will be used to track the source of funding for compensatory mitigation projects as well as where and how fees collected from credit sales are spent. This section describes the Fee Ledger and Section VI-F describes the Credit Ledger. The Fee Ledger will track all income (mitigation fees collected from advance or certified credit sales and any interest earned) and expenditures from the program. The fee ledger will comprise separate sub-ledgers for each of the sixteen Service Areas. Each Service Area fee ledger will show the following: Mitigation fees collected for each permitted impact project:  • Credit fee amount  • Impact project Permit Number Deposits and expenditures from the Statewide Program Administration Account:  • Origin of deposits (Impact Permit Number(s))  • Program administration expenditures Deposits and expenditures from the Mitigation Account:  • Origin of deposits (Impact Permit Number(s))  • Mitigation transfers and expenditures (Compensatory mitigation project name(s)) Deposits and expenditures from the Contingency Account:  • Origin of deposits (Impact Permit Number(s))  • Contingency expenditures (Compensatory mitigation project name(s)) Deposits and expenditures from the Long-Term Management Account:  • Origin of deposits (Impact Permit Number(s))  • Long-term management expenditures (Compensatory mitigation project name(s)) Deposits and expenditures from each Mitigation Project Account:  • List of expenditures by task categories covering all aspects of implementing mitigation receiving projects (e.g., administrative costs specific to the project, acquisition of property and protections, design and permitting, construction, monitoring, and long-term maintenance and management) Xxx Xxxxxxx will be provided to the Corps in annual accounting reports by March 31 of the following year for approval by the Corps. Reports will include detailed summaries of Program Account deposits and disbursements for each ILF project made over the previous fiscal year (January 1 – December 31). The Corps may review Program Account records with 14 days written notice. When so requested, XXXX will provide access to all books, accounts, reports, files, and other records relating to the Program Account.