Common use of FINANCIAL MANAGEMENT AND OVERSIGHT 2 Clause in Contracts

FINANCIAL MANAGEMENT AND OVERSIGHT 2. 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

FINANCIAL MANAGEMENT AND OVERSIGHT 2. 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