Financial Accounting. Borrower shall keep the books and accounts of the operation of the Mortgaged Property in accordance with Program Obligations. Financial records of Borrower and the Project shall be complete, accurate and current at all times. Posting must be made at least monthly to the ledger accounts, and year-end adjusting entries must be posted promptly in accordance with sound accounting principles. All expenditures in connection with the Project must be fully documented so as to provide reasonable assurance to all persons or entities that review such expenditures that such expenditures are permitted under Program Obligations. Undocumented expenses shall not be considered Reasonable Operating Expenses.
Financial Accounting. Each Member may report the transactions contemplated hereby for financial accounting purposes in such manner as the Member and its accountants may determine appropriate.
Financial Accounting. 1. The Non-Profit shall establish and maintain fiscal and accounting records in accordance with generally accepted accounting principles and practices.
2. The Non-Profit shall not commingle accounts to an extent that prevents the accounting and auditing of the funds provided hereunder: Provided, however, the Non-Profit may supplement the funds provided hereunder from other fund sources.
3. Funds provided hereunder are exclusively for the purposes of this Agreement under the terms and conditions of the Agreement, and the Non- Profit shall not temporarily or permanently shift such funds to other programs or for other purposes for any reason.
Financial Accounting. Issuance, control and accounting for disbursements for general expenses; - Day-to-day management of short term cash; - Provide reasonable and customary financial management reports.
Financial Accounting. The AFP must ensure that the Funding is recorded in a manner that readily and accurately identifies funds received and spent for the purpose of this program. This could include a separate bank account or costing structure within the financial accounts.
Financial Accounting. Borrower and Project financial records shall be complete, accurate and current at all times. Posting must be made at least monthly to the ledger accounts, and year-end adjusting entries must be posted promptly in accordance with sound accounting principles. Reasonable Operating Expenses must be fully documented so as to provide reasonable assurance to all persons or entities that review such expenses that they are Reasonable Operating Expenses. Undocumented expenses shall not be considered Reasonable Operating Expenses.
Financial Accounting. 1. The Borrower shall establish and maintain fiscal and accounting records in accordance with generally accepted accounting principles and practices.
2. The Borrower shall not commingle accounts to an extent that prevents the accounting and auditing of the funds provided hereunder: Provided, however, the Borrower may supplement the funds provided hereunder from other fund sources.
3. Funds provided hereunder are exclusively for the purposes of this Agreement under the terms and conditions of the Agreement, and the Borrower shall not temporarily or permanently shift such funds to other programs or for other purposes for any reason.
Financial Accounting. The Grantee will treat the grant amount as a restricted asset and will keep adequate financial records to document the expenditure of the grant funds and the activities supported by the grant. The Grantee agrees to make available to the Xxxxxxxx Foundation, at reasonable times and upon advance notice, the financial records related to the activities supported by the grant.
Financial Accounting. 7.1 All the expenses/incomes of the BCC are accounted as the BCC is a business unit under Party A’s hotel. All the books and d documents related to the operation of the BCC will be stored in accordance with the provisions of the State. The financial year of the BCC starts on 1 January and ends on 31 December. However, the first financial year will start from the date of operation of the BCC until 31 December of that year. The accounting system of the BCC will comply with the principles of the Ministry of Finance. The asset depreciation will be calculated in accordance with the provisions of the Ministry of Finance of Vietnam. Party A and Party B each has the right to examine the accounting books of the BCC and the BCC must facilitate such examinations.
Financial Accounting. Following the expiration or earlier termination of this Agreement, by virtue of the termination of this Agreement by Owner for cause or otherwise, Manager shall nonetheless be responsible for preparing a final accounting within sixty (60) days of said expiration or earlier termination. Such final accounting shall set forth all current income, all current expenses and all other expenses contracted for on Owner’s behalf but not yet incurred in connection with the Property. The final accounting shall also include all other items reasonably requested by Owner.
