FINANCIAL ACCOUNTING AND ADMINISTRATION. A. All monies disbursed under this Agreement shall be accounted for by the accrual method of accounting.
FINANCIAL ACCOUNTING AND ADMINISTRATION. All monies dispersed to Quad Cities First will be deposited into an account under the Quad Cities First name. All costs associated with regional economic development functions in the work plan and budget shall be supported by documentation showing the details of the nature and priority of the charges. All checks or other accounting documents pertaining in whole or in part to this Agreement shall be clearly identified as such and readily accessible for examination and audit by any participating entity’s Chief Financial officer or authorized representative. All records shall be maintained in accordance with procedures and requirements established by the Quad Cities First Board. An Audit Task Force shall meet at a minimum annually for the purposes of providing input to the Chamber’s annual audit related to Quad Cities First financial activities. The annual audit shall be presented to the Quad Cities First Board of Directors.
FINANCIAL ACCOUNTING AND ADMINISTRATION. A. All claims for payment shall be supported by properly executed payrolls, time records, invoices, contracts, vouchers, or other documentation evidencing in proper detail the nature and propriety of the charges. All checks, payrolls, invoices, contracts, vouchers, orders, or other accounting documents pertaining in whole or in part to this Agreement shall be clearly identified as such and readily accessible for examination and audit by the City or its authorized representative.
FINANCIAL ACCOUNTING AND ADMINISTRATION. All monies dispersed to Quad Cities Chamber will be deposited into an account under the Quad Cities Chamber name. All costs associated with regional economic development and business growth functions in the work plan and budget shall be supported by documentation showing the details of the nature and priority of the charges. All checks or other accounting documents pertaining in whole or in part to this Agreement shall be clearly identified as such and readily accessible for examination and audit by any participating entity’s Chief Financial officer or authorized representative. All records shall be maintained in accordance with procedures and requirements established by the Quad Cities Chamber Board. One public sector board member will serve on the audit committee. All members of the Chamber board will receive a copy of the annual audit.
FINANCIAL ACCOUNTING AND ADMINISTRATION. A. All claims for payment shall be supported by properly executed payrolls, ?me records, invoices, contracts, vouchers, or other documenta?on evidencing in proper detail the nature and propriety of the charges. All checks, payrolls, invoices, contracts, vouchers, orders, or other accoun?ng documents pertaining in whole or in part to this Agreement shall be clearly iden? fied as such and readily accessible for examina? on and audit by the City or its authorized representa? ve.
