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: Billings Community Foundation

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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 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: 2020 Fiscal Sponsorship Memorandum of Understanding

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: Artist Project Services 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 '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

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