FINANCIAL MANAGEMENT AND OVERSIGHT. Measure 2a Is the school meeting financial reporting and compliance requirements? Result Points Possible Points Earned
FINANCIAL MANAGEMENT AND OVERSIGHT. Is the school meeting financial reporting and compliance requirements?
FINANCIAL MANAGEMENT AND OVERSIGHT. Responsibilities The School shall implement financial management and oversight procedures, controls and methods. 2) Taxes and Bonds Pursuant to §1002.33(9)(m), F.S., the School shall not levy taxes or issue bonds secured by tax revenue.
FINANCIAL MANAGEMENT AND OVERSIGHT. While the Financial Framework is used to analyze the school’s financial performance, the SPCSA will use this section of the Organizational Framework to set expectations for the school’s management and oversight of its finances, without regard to financial performance. Audit results and audit findings are critical sources of evidence when evaluating schools against this indicator.
FINANCIAL MANAGEMENT AND OVERSIGHT. 5.a. Is the school meeting financial reporting and compliance requirements? ● The school submits all budget request documents and budget approval documents to the PED according to XXX’s established deadlines. (NMSA 22‐8‐6.1 and 10.) ● The school submits quarterly (or monthly) reports according to PEDs established deadlines and without frequent, repeated errors. All required reports are posted to the school’s website. (NMSA 22‐8‐6.1 and 10)
FINANCIAL MANAGEMENT AND OVERSIGHT. CPF Branch will establish and maintain financial management procedures in keeping with generally accepted local financial practices and those required of CPF National to satisfy donor and funder obligations. CPF Branch shall provide CPF National with an annual financial statement and T3010 (if a registered charity) no later than six months after the end of the fiscal year. In accordance with Network Policies and reasonable requests by CPF National, CPF Branch will participate in the budgeting process and provide periodic forecasting once budgets have been approved in a format which allows for comparison across the branches and consolidated reporting to funders. At any time and upon reasonable prior written notice by CPF National, CPF Branch will provide access to its offices and its accounting and corporate documentation and data in order to permit CPF National, its representatives and advisors to verify that CPF Branch is complying with its obligations under this Agreement. At any time and upon reasonable prior written notice by CPF National to CPF Branch and the members of its Board, CPF National shall have the right to require CPF Branch to convene a meeting of all CPF Branch Board Members within 30 days for the purpose of discussing any issues or concerns relating to CPF Branch’s performance of its obligations in accordance with this Agreement, the particulars of which shall be set out in the notice requisitioning the meeting and such that the Branch Board will be in a position to respond to such issues or concerns at the meeting of the Board. Should CPF Branch not convene a meeting of its Board for this purpose within 30 days, CPF National shall have the right to send a notice of default to all Branch Board Directors, such that the Board will be in a position to respond to such issues or concerns at the meeting of the Board; and which notice shall constitute notice of default for the purposes of section 7.2(a) below.
FINANCIAL MANAGEMENT AND OVERSIGHT. The Contractor agrees to ensure the provision of ALS services within the allocations, to be monitored via:
a. Tracking of unit costs providing direct paramedic services, including salaries and benefits, medical supplies, pharmaceuticals, vehicle and facility costs and other costs associated with direct paramedic services not included in the system allocation..
b. Tracking of program/supervisory allocation including costs related to the management and supervision of direct paramedic services such as the management, administration, supervision, and analysis (including quality improvement) of direct paramedic services.
c. Developing, reporting, and tracking system costs that include expenses that vary significantly between agencies including dispatch, medical direction, and costs associated with paramedic students as listed in the Medic One/Emergency Medical Services 2020-2025 Strategic Plan.
d. Development and management of an equipment plan that tracks expenditures and projects costs of replacing equipment covered by the equipment allocation.
e. Participating in standard way of categorizing costs for reporting ALS expenditures by allocation. The Contractor will provide the following deliverables to the EMS Division as appropriate:
FINANCIAL MANAGEMENT AND OVERSIGHT. [This Clause 5 explains financial management and oversight practices. As an ethical organization and as the recipient of funds from several governments, CEPI follows good management practices including transparent and well-controlled pro- curement and prudent anti-corruption principles and observes international sanctions. Accordingly, for example, CEPI will reimburse only travel expenses in line with CEPI’s travel policy.]
FINANCIAL MANAGEMENT AND OVERSIGHT. 5.a. Is the school meeting financial reporting and compliance requirements? ● The school submits all budget request documents and budget approval documents to the PED according to XXX’s established deadlines. (NMSA 22‐8‐6.1 and 10.) ● The school submits quarterly (or monthly) reports according to PEDs established deadlines and without frequent, repeated errors. All required reports are posted to the school’s website. (NMSA 22‐8‐6.1 and 10)
5.b. Is the school following Generally Accepted Accounting Principles? ● Was there a finding in the school’s last audit opinion that the school violated GAAP? 5.
c. Is the school responsive to audit findings? ● The school’s last audit is devoid of any multi‐year repeat findings.
FINANCIAL MANAGEMENT AND OVERSIGHT a. Is the school meeting financial reporting and compliance requirements? • The school submits all budget request documents and budget approval documents to the PED according to PED’s established deadlines. (NMSA 22-8-6.1 and 10.) • The school submits quarterly (or monthly) reports according to PEDs established deadlines and without frequent, repeated errors. All required reports are posted to the school’s website. (NMSA 22-8-6.1 and 10) • The school submits an Audit CAP to the PED Audit Bureau within 30 days of the release of the audit. The school responds to all requests by the PED Audit Bureau regarding the CAP in accordance with deadlines. • The school, if subject to a T&E audit, has no more than a .06 difference in reported and audited T&E. NO
