Common use of Financial Accounting and Reporting Clause in Contracts

Financial Accounting and Reporting. 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 recorded in the books of the Sponsor. The Project will provide 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 as required by the IRS.

Financial Accounting and Reporting. 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 recorded in the books of the Sponsor. The Project Sponsor will provide the Sponsor Project with documentation to support revenues reports reflecting revenue 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 as required by on a monthly basis. The Sponsor will also provide the IRSProject with an annual report, within three months following the end of the fiscal year of the Sponsor.

Financial Accounting and Reporting. 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 recorded in the books of the Sponsor. The Project will provide the Sponsor with documentation to support revenues reports reflecting revenue and expenses to the Project on a biannual basis. The Sponsor will use these biannual reports to provide the Project with an annual report by February 15th of the Project whenever they occurfollowing 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.

Financial Accounting and Reporting. 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 recorded in the books of the Sponsor. The Project Sponsor will provide the Sponsor Project with documentation to support revenues reports reflecting revenue 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 as required by on a quarterly basis. The Sponsor will also provide the IRSProject with an annual report within three months following the end of the fiscal year of the Sponsor.