Financial Operations Clause Samples
The Financial Operations clause outlines the procedures and responsibilities related to the management of financial transactions and processes under the agreement. It typically specifies how payments are to be made, the timing and method of invoicing, and the handling of financial records or audits. For example, it may require parties to use certain payment methods or adhere to specific reporting standards. This clause ensures that all financial dealings are conducted transparently and efficiently, reducing the risk of disputes and promoting accountability between the parties.
Financial Operations. Financial operations of the Rolling Hills Public Charter School are outlined in the following sections.
1. Financial Management
Financial Operations. Financial operations of the Palouse Prairie School are outlined in the following sections.
a. Financial Management
Financial Operations. 1. The Executive Director of Accreditation shall develop the annual accreditation budget in a manner that is faithful to CSWE’s procedures.
2. The Executive Director of Accreditation will review the budget annually with the AB.
3. The CSWE President and CEO and the Executive Director of Accreditation shall collaborate in evaluating the sufficiency of accreditation fees and funds for financial, staff, and operational resources to perform and sustain its accreditation functions efficiently and properly. The AB will serve in an advisory role in this process.
4. The CSWE Board of Directors hold fiduciary responsibility for the operations of CSWE and its functions.
Financial Operations. Without being restricted by financial controls, regulations or moratoria of any kind:
(a) the Organisation may hold currency of any kind and operate accounts in any currency;
(b) the Organisation may freely transfer its funds within, into and out the territory of Romania and convert any currency held by it into any other currency under the same conditions as those which apply to other international organisation or for any foreign government.
Financial Operations a. The owner(s) assumes full responsibility for the payment of any expenses and obligations incurred in connection with the property and reasonable exercise of agent’s duties set forth in this agreement, including legal and court expenses. Any amounts collected from tenants shall be credited to the owner(s).
b. In the event of the inability or refusal of owner(s) to pay costs incurred and expended by the agent in connection with any authority given in this agreement, the agent is authorized to make such payments on the owner(s)’ behalf from any and all funds held by the agent.
Financial Operations. A. The Commission shall be responsible for all financial operations of the Commission water operations, but not limited to providing strict accountability of all receipts and disbursements, establishing a uniform system of accounts, paying all obligations and expenses, investing operating and excess funds not required for current operations and maintaining financial records by generally accepted accounting principles (GAAP).
B. The Commission may employ a general manager to perform the functions necessary for the JPA.
C. The Joint Powers Agency may employ any additional staff or contract for services by consultants, professionals, or such other persons or entities it deems necessary to accomplish the JPA’s purposes. Any contract with a private party including but not limited to consultants and professionals shall be entirely into pursuant-to and consistent with the New Mexico State Procurement Code and Regulations.
Financial Operations. SPORTS ORGANIZATION shall promptly pay all taxes, excise or license fees of whatever nature, applicable to this Concession Stand Use Agreement, and obtain and maintain all municipal, state or federal licenses, required for the conduct of its business. SPORTS ORGANIZATION shall not permit any mechanic or contractor, or any other lien to be imposed upon the City’s premises or any part or parcels hereof by reason of any work or labor performed, or material furnished by any mechanic or contractor. SPORTS ORGANIZATION shall pay promptly, when due, all bills, debts and obligations incurred in connection with its operation authorized by this Agreement and shall not permit same to become delinquent and suffer no lien, mortgage, judgment, filing, execution or adjudication in bankruptcy which will in any way impair the rights of the CITY under this Concession Stand Use Agreement.
Financial Operations. All financial transactions shall be reported in accordance with Section IX.
Financial Operations. The Charter School must conduct a separate and individual audit from the LFSD while receiving federal grant funding. The scope of the annual audit will be determined by the KVFSGC and conducted at the expense of the LFSD or with the use of grant funds. The Charter School will participate in all financial audits and comply with all audit procedures and requirements of the LFSD audit terms as contracted by LFSD.
Financial Operations a. Responsible for the hiring, staffing, training and management of the financial accounting and financial planning units of the Company.
b. Will organize the financial operations of the Company to ensure the accurate and zero-defect public reporting process for compliance with all aspects of ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act and Section 404 compliance.
c. Will manage the financial planning and analysis unit to develop budgets and cash requirements to execute the Vertex Growth Plan.