Financial Records Reports and Monitoring Sample Clauses

Financial Records Reports and Monitoring. The School shall utilize the standard state codification of accounts as contained in the most recent issue of the publication titled, Financial and Program Cost Accounting and Reporting for Florida Schools (the Red Book) as a means of codifying all transactions pertaining to its operations.
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Financial Records Reports and Monitoring. (1) The School shall maintain all financial records which constitute its accounting system (including but not limited to, the School’s utilizing the standard state codification of accounts as a means of codifying all transactions pertaining to the School’s operations) in compliance with the provisions of the most recent issue of the publication titled “Financial and Program Cost Accounting and Reporting for Florida Schools” (the “Red Book”) and any applicable FDOE Technical Assistance notices. Federal, state and local funds shall be maintained according to existing mandates and practices. Pursuant to s. 1002.33(9)(g)2, F.S., in the event the governing board of the School elects to follow generally accepted accounting standards for non-profit organizations, the School shall notify the Sponsor in advance and provide evidence of such election. However, the School understands and agrees that the School shall, at its cost, reformat its financial information according to the standards set forth in the Red Book and s. 1011.60, F.S., for its annual financial audit.
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Financial Records Reports and Monitoring. 47 12 1) Maintenance of Financial Records 47 13 2) Financial and Program Cost Accounting and Reporting 48 14 3) Financial Reports 48 15 4) School’s Fiscal Year 51 16 5) Financial Recovery/Corrective Plan 51
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Financial Records Reports and Monitoring. Section 1002.33(5)(b), Florida Statutes, requires the Sponsor to monitor the revenues and expenditures of the School. The parties agree that the Sponsor, with reasonable notice, may request at any time, and the School shall promptly provide, reports on the School’s operations in a format acceptable to the Sponsor. Such reports shall be in addition to those required below.
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Financial Records Reports and Monitoring. Maintenance of Financial Record The School shall use the standard state format contained in the Financial and Program Cost Accounting and Reporting for Florida Schools (The Red Book) for all financial transactions and maintenance of financial records. Financial and Program Cost Accounting and Reporting for Florida Schools The School agrees to do an annual cost accounting in a form and manner consistent with generally accepted governmental accounting standards in Florida. The financial statements are to be prepared in accordance with the provisions of section 1002.33(9), Florida Statutes. Financial Reports Monthly or Quarterly Financial Reports The School will submit a monthly or quarterly, as applicable, financial statement pursuant to section 1002.33(9), Florida Statutes, and Rule 6A- 1.0081, Florida Administrative Code, to the Sponsor no later than the last day of the month following the month being reported or in the case of a High-Performing charter school, financial reports shall be submitted quarterly as provided by Florida law. The monthly or quarterly report will be in the format prescribed by the FDOE. The parties agree that the Sponsor may reasonably request, in accordance with section 1002.33(5)(b)1.j., Florida Statutes, documents on the School's financial operations beyond the monthly financial statement and the School shall provide in a reasonable timeframe. Annual Property Inventory The School will submit annually to the Sponsor a property inventory of all capital assets or additions to capital assets purchased with public funds (including grant funds). This includes land or existing buildings, improvements to grounds, construction of buildings, additions to building, remodeling of buildings, initial equipment, new and replacement equipment, and software. This shall include furniture, fixtures, and equipment. The property inventory shall include the date of purchase, description of the item purchased, the cost of the item, and the item location. The property inventory shall be submitted to the sponsor annually at the same time School’s Annual Audit is submitted. Program Cost Report The School agrees to deliver to the Sponsor its annual cost report in a form and manner consistent with generally accepted governmental accounting standard in Florida, no later than the last business day in July. Annual Financial Audit The School will annually obtain a financial audit, from a licensed Certified Public Accountant or Auditor, selected pursuant to sec...
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Financial Records Reports and Monitoring. 1125 1. Maintenance of Financial Records 1126 The School shall use the standard format contained in the Financial and Program Cost 1127 Accounting and Reporting for Florida Schools (The Red Book) for all financial 1128 transactions and maintenance of financial records. 1129 2. Financial and Program Cost Accounting and Reporting for Florida Schools
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Financial Records Reports and Monitoring 
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Related to Financial Records Reports and Monitoring

  • Financial Records 26.1.1 CONTRACTOR shall prepare and maintain accurate and complete financial records. Financial records shall be retained by CONTRACTOR for a minimum of five (5) years from the date of final payment under this Contract, or until all pending COUNTY, State, and federal audits are completed, whichever is later. 26.1.2 CONTRACTOR shall establish and maintain reasonable accounting, internal control, and financial reporting standards in conformity with generally accepted accounting principles established by the American Institute of Certified Public Accountants and to the satisfaction of ADMINISTRATOR.

  • Reports and Records The Custodian shall: 11.1 create and maintain records relating to the performance of its obligations under this Agreement; 11.2 make available to the Fund, its auditors, agents and employees, upon reasonable request and during normal business hours of the Custodian, all records maintained by the Custodian pursuant to Section 11.1 above, subject, however, to all reasonable security requirements of the Custodian then applicable to the records of its custody customers generally; and 11.3 make available to the Fund all Electronic Reports; it being understood that the Custodian shall not be liable hereunder for the inaccuracy or incompleteness thereof or for errors in any information included therein except to the extent that such inaccuracy, incompleteness or errors are the result of the Custodian's negligence, bad faith or willful misconduct. All such reports and records shall, to the extent applicable, be maintained and preserved in conformity with the 1940 Act and the rules and regulations thereunder. The Fund shall examine all records, howsoever produced or transmitted, promptly upon receipt thereof and notify the Custodian promptly of any discrepancy or error therein. Unless the Fund delivers written notice of any such discrepancy or error within a reasonable time after its receipt thereof, such records shall be deemed to be true and accurate. It is understood that the Custodian now obtains and will in the future obtain information on the value of assets from outside sources which may be utilized in certain reports made available to the Fund. The Custodian deems such sources to be reliable but it is acknowledged and agreed that the Custodian does not verify nor represent nor warrant as to the accuracy or completeness of such information and accordingly shall be without liability in selecting and using such sources and furnishing such information as long as the Custodian has shown due diligence in attempting to receive complete and accurate information.

  • Access to Records; Contractor Financial Records Contractor agrees that District and its authorized representatives are entitled to review all Contractor books, documents, papers, plans, and records, electronic or otherwise (“Records”), directly pertinent to this Contract for the purpose of making audit, examination, excerpts, and transcripts.

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