Common use of Financial Monitoring and Reporting Clause in Contracts

Financial Monitoring and Reporting. 6.3.1.NOMS requirement for financial reporting and financial controls is set out in the letter of delegation. This will include the Establishment providing NOMS with:  Management Accounts - Statement of Financial Performance Against Budget with supporting narrative for variances from plan  Management Accounts - Financial Forecast  Statement of Internal Control  Quarterly input in the agency financial account