Financial Progress Reports Clause Samples
Financial Progress Reports. Financial Progress Reports will set out:
(a) an interim accounting of all Project expenditures to date (both as a whole and specifically from the Funds) signed by the Chief Financial Officer, the Board chair or equivalent, confirming actual Project expenditures and providing an explanation for any variances from the Budget;
(b) identification of Funds reallocated in accordance with section A4.10 (as found in section B.13), including rationales for the reallocations;
(c) an accounting of any other funding received by the Recipient, the identification of the funding organization, the amount and the specific aspect of the Project that the additional funding is supporting as well as a statement confirming that there is no overlap of funding from the Province and from any other organization; and
(d) a high-level monthly spending forecast (e.g. total per month) for the remainder of the Project.
Financial Progress Reports. The Contractor shall submit Financial Progress Reports within thirty (30) days following the end of each calendar quarter in the format specified by IUCN.
Financial Progress Reports. The Grantee shall submit Financial Progress Reports to IUCN within fifteen (15) days following the end of each six months of the calendar year in the format specified by IUCN: by 15th of July and by 15th of January respectively. Final Financial Report. The Grantee shall submit a Final Financial Report within thirty (30) days following the expiration or termination of this Agreement. This report shall be submitted in the format specified by IUCN. The Grantee shall maintain financial records, supporting documents, statistical records and all other records relevant to the Project in accordance with generally accepted accounting principles to sufficiently substantiate all direct and indirect costs of whatever nature involving transactions related to the Budget Funds provided by IUCN under this Agreement. All financial records and other relevant documents relevant to or pertaining to this Agreement may be subject to inspection and/or audit at the discretion of IUCN or of the Donor. The Grantee agrees to allow IUCN or ▇▇▇▇▇'s auditor(s) access to such records during normal business hours and to allow interviews of any employees who might reasonably have information related to such records. In the event of inspection or audit, IUCN or Donor shall provide the Grantee reasonable prior written notice. Further, the Grantee agrees to include a similar right of IUCN or the Donor to audit records and interview staff in any subcontract related to performance of this Agreement. If any audit, by IUCN or the Donor reveals that expenditures incurred by the Grantee are not consistent with the terms of this Agreement, IUCN shall be entitled to recover all such expenditures.
Financial Progress Reports. The Grantee shall submit Financial Progress Reports to IUCN within fifteen (15) days following the end of each calendar quarter in the format specified by IUCN.
Financial Progress Reports