Financial Acquittal Reports Clause Samples
The Financial Acquittal Reports clause requires parties to provide detailed accounts of how funds have been spent under an agreement. Typically, this involves submitting itemized reports or statements, often accompanied by receipts or supporting documentation, within a specified timeframe after project completion or at regular intervals. This clause ensures transparency and accountability in financial management, helping to prevent misuse of funds and enabling the funding party to verify that resources have been used as intended.
Financial Acquittal Reports. A Financial Declaration must be submitted for each financial year funded under this Grant Agreement. A Financial Declaration is a certification from the Grantee stating that funds were spent for the purpose provided as outlined in the Grant Agreement and in-which the Grantee is required to declare unspent funds. The Financial Declaration must be certified by your Board, the Chief Executive Officer or one of your officers, with authority to do so verifying that you have spent the funding on the Activity in accordance with the Grant Agreement.
Financial Acquittal Reports. Audited Financial Acquittal Report
Financial Acquittal Reports. Financial Declaration
Financial Acquittal Reports. Audited Financial Acquittal Report You are required to provide an Annual Independently Audited Financial Acquittal Report for each financial year funded under this Grant Agreement covering the Activity/ies in this Schedule (in accordance with Clause 10 of the Commonwealth Standard Grant Conditions).
Financial Acquittal Reports. Non–Audited Financial Acquittal Report The Grantee is required to provide a non–audited financial acquittal report for each financial year funded under this Grant Agreement covering the Activity/ies in this Schedule. A non–audited financial acquittal report is an income and expenditure statement from the grant recipient stating that grant funding was spent to perform the Activity/ies as set out in the grant agreement. If relevant, the grant recipient must include in the statement the det ails of any unspent funds. Non–audited financial acquittals must be certified by the Board, Chief Executive Officer or an authorised officer of the Grantee.
Financial Acquittal Reports. An independently audited financial acquittal report must also be submitted at the end of the Grant Agreement stating that funds were spent for the purpose provided as outlined in the Grant Agreement and in-which the Grantee is required to declare unspent funds.
Financial Acquittal Reports. Option 1
Financial Acquittal Reports. (clause 8.2) Evidence of expenditure on the Standards in the form of an official financial statement showing expenditure by the Recipient or subcontractor. From the Activity Commencement Date to the Activity End Date Within 1 month from the Activity End Date. Item 11 Milestones: (clauses 3.1 and 25.1) Milestone description Completion date
1. Not Applicable Not Applicable Item 12 Key Personnel: (clauses 3.1 and 25.1) Not Applicable Not Applicable SAMPLE Item 13 Insurance: (clause 15) Public Liability: $5,000,000 During the Term Workers’ Compensation: As required by law During the Term Professional Liability: NIL Other (specify): NIL
Financial Acquittal Reports will be one of the following options OR
Financial Acquittal Reports. You must provide us with a non-audited financial acquittal report by the dates specified in Item F.