Financial Management and Administration Clause Samples
The "Financial Management and Administration" clause outlines the procedures and responsibilities for handling financial matters within an agreement or organization. It typically covers how funds are to be received, managed, disbursed, and accounted for, and may specify requirements for budgeting, reporting, and audits. By establishing clear rules for financial oversight and accountability, this clause helps ensure transparency, proper use of resources, and compliance with relevant financial standards or regulations.
Financial Management and Administration. 1. The Provider will maintain conflict of interest and standards of conduct policies.
2. The Provider will maintain written policies and procedures for effective control of finances for the Services and, in particular, will:
a. maintain books of account and retain invoices, receipts and vouchers for all expenses incurred in form and content satisfactory to BC Housing; and
b. have sound written financial operating policies and procedures in place, including: i. clearly defined spending authority; and ii. record keeping in accordance with Canadian Accounting Standards.
Financial Management and Administration. 1. GALI Property Management Agreement to be Relied Upon. The parties agree that Part E of Schedule B of the GALI Property Management Agreement will govern the obligations and expectations of the parties with respect to the financial management and administration of the Development by CRHC. For certainty, and without limiting any other provision of this Agreement, reference to the “Provider” will be read as “CRHC”, and reference to “CRHC” being read as “CRD”, it being acknowledged that CRHC will cause the Housing Society to fulfill the obligations of “Provider” set out in Part E of Schedule B of the GALI Property Management Agreement.
A. RESIDENT SELECTION AND RESIDENCY AGREEMENTS
1. CRD acknowledges that CRHC will manage and operate the Development with respect to resident selection and residency agreements under contract with the Housing Society in accordance with the GALI Property Management Agreement and shall ensure that resident selection and residency agreements are administered in accordance with that Agreement.
Financial Management and Administration