Common use of Financial Monitoring Clause in Contracts

Financial Monitoring. City staff shall monitor, review, and evaluate the financial procedures of the Non-profit subgrantee through documents submitted to the City and/or on-site monitoring. The Non- profit subgrantee shall provide and make available to the City such reports and records that will be necessary for a proper financial evaluation. The City will provide notice to the Non-profit subgrantee prior to on-site monitoring visits.

Financial Monitoring. City staff shall monitor, review, and evaluate the financial procedures of the Non-profit subgrantee through documents submitted to the City and/or on-site monitoring. The Non- profit subgrantee shall provide and make available to the City such reports and records that will be necessary for a proper financial evaluation. The City will provide notice to the Non-profit subgrantee subgrantees prior to on-site monitoring visits.