Common use of Financial Reconciliation Clause in Contracts

Financial Reconciliation. F-7.1 The Managing Entity shall submit reports that reflect the Managing Entity's actual operational cost and the actual service cost of the Network in accordance with Exhibit F2. The Managing Entity shall submit a final Managing Entity Monthly Expenditure Report annually no later than August 15. Payment for the final month of the fiscal year and carry forward shall not be approved until final reconciliation has been completed by the Department.

Financial Reconciliation. F-7.1 a. The Managing Entity shall submit reports that reflect the Managing Entity's ’s actual operational cost and the actual service cost of the Network in accordance with Exhibit F2Table 2: Invoice and Expenditure Report Submission Schedule. The Managing Entity shall submit a final Managing Entity Monthly Expenditure Report annually no later than August 15. Payment for the final month of the fiscal year and carry forward shall not be approved until final reconciliation has been completed by the Department.