Common use of Financial Accounting and Reporting Clause in Contracts

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s revenue and expenses shall be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses to the Project on a monthly basis, within two weeks after the end of each month, and, on an annual basis, within three months after the end of each fiscal year of the Sponsor.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

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Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s revenue and expenses shall be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses to the The Project on a monthly basis, within two weeks after the end of each month, and, a final report on an annual basisor before November 30, within three months after the end of each fiscal year of the Sponsor2020.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s revenue and expenses shall be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses to the The Project on a monthly basis, within two weeks after the end of each month, and, on an annual basis, within three months one month after the end of each fiscal year of the The Sponsor.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principlesprinciples establishing that the funds were used for section 501(c)(3) purposes for approved Project activities. The Project’s 's revenue and expenses shall be separately classed recorded in the books of the Sponsor. The Sponsor will provide the Project with reports reflecting revenue and expenses to the Project on a monthly regular basis, within two weeks after . The Sponsor will also provide the end of each month, and, on Project with an annual basisreport, within three months after following the end of each the fiscal year of the Sponsor. The Sponsor will send all required acknowledgments to donors of tax-deductible contributions and will provide the financial information to the Project which is necessary for submitting grant reports.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s 's revenue and expenses shall be separately classed recorded in the books of the Sponsor. The Sponsor Project will provide the Sponsor with reports reflecting revenue and expenses to the Project on a monthly biannual basis, within two weeks after . The Sponsor will use these biannual reports to provide the end of each month, and, on Project with an annual basis, within three months after the end of each fiscal year report by February 15th of the Sponsorfollowing fiscal year. It is the responsibility of the Sponsor to fully account for the Project income on the annual Form 990 and issue a Form-1099 to the Project as required by the IRS.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s 's revenue and expenses shall be separately classed recorded in the books of the Sponsor. The Sponsor will provide the Project with reports reflecting revenue and expenses to the Project on as requested. The Sponsor will also provide the Project with a monthly basis, within two weeks after report if requested at an additional charge of the end of each month, and, on an annual basisbook keeper’s time, within three months after following the end of each the fiscal year of the Sponsor.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s 's revenue and expenses shall be separately classed recorded in the books of the Sponsor. The Sponsor Project will provide reports reflecting revenue the Sponsor with documentation to support revenues and expenses of the Project whenever they occur. It is the responsibility of the Sponsor to fully account for the Project income on the annual Form 990 and issue a Form-1099 to the Project on a monthly basis, within two weeks after as required by the end of each month, and, on an annual basis, within three months after the end of each fiscal year of the SponsorIRS.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

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Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s revenue and expenses shall will be separately classed in the books of the Sponsor. The Sponsor will provide reports reflecting revenue and expenses reported with likewise generally accepted accounting principles to the Project Sponsor on a monthly basis, basis within two weeks after the end of each month, and, month and on an annual basis, basis within three months one month after the end of each fiscal year of the Sponsor. Such reports shall be separately classed in the books of the Sponsor and copies provided to the Project.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s 's revenue and expenses shall be separately classed recorded in the books of the Sponsor. The Sponsor will provide the Project with reports reflecting revenue and expenses to the Project on a monthly quarterly basis, . The Sponsor will also provide the Project with an annual report within two weeks after three months following the end of each month, and, on an annual basis, within three months after the end of each fiscal year of the Sponsor.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

Financial Accounting and Reporting. The Project must act within the financial policies of the Sponsor. The Sponsor will maintain books and financial records for the Project in accordance with generally accepted accounting principles. The Project’s 's revenue and expenses shall be separately classed recorded in the books of the Sponsor. The Sponsor will provide the Project with reports reflecting revenue and expenses to the Project on a monthly basis, within two weeks after . The Sponsor will also provide the end of each month, and, on Project with an annual basisreport, within three months after following the end of each the fiscal year of the Sponsor.

Appears in 1 contract

Samples: Fiscal Sponsorship Agreement

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