Common use of Financial Controls Clause in Contracts

Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. HCD has developed a Grant Administration Manual (“GAM”) for CDBG-NDR funding and by executing this Agreement, Grantee commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.

Appears in 2 contracts

Samples: Amendment to the Original Agreement Regarding the National Disaster Resilience Competition (Ndrc) Funding., State of California Standard Agreement

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Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. HCD has developed a Grant Administration Manual (“GAM”) for CDBG-NDR funding and by executing this Agreement, Grantee commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.

Appears in 1 contract

Samples: Standard Agreement

Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. As stated in Section 52 herein, HCD has developed a Grant Administration Management Manual (“GMM” “GAM”) for CDBG-NDR funding and by executing this Agreement, Grantee commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.

Appears in 1 contract

Samples: Amendment to the National Disaster Resilience Competition Agreement

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Financial Controls. The NDRC NOFA requires that any party involved in the CDBG-NDR projects, whether directly or indirectly, must agree to provide any information HCD requires in order to maintain proficient financial controls; on a project costing over $100 million, the magnitude of such controls will be wide and varying. HCD has developed a Grant Administration Management Manual (“GAMGMM”) for CDBG-NDR funding and by executing this Agreement, Grantee RCAC commits to using the manual as guidance in completing fiscal reports and maintaining accounting records.

Appears in 1 contract

Samples: Subaward Agreement

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