Financial Rules, Expenditure Sample Clauses

Financial Rules, Expenditure. The Executive Committee, acting by unanimity, may make such regulations as are required for the sound financial management of each Task including, where necessary: (1) Establishment of budgetary and procurement procedures to be used by the Operating Agent in making payments from any common funds which may be maintained by Participants for the account of the Task or in making contracts on behalf of the Participants; (2) Establishment of minimum levels of expenditure for which Executive Committee approval shall be required, including expenditure involving payment of monies to the Operating Agent for other than routine salary and administrative expenses previously approved by the Executive Committee in the budget process. In the expenditure of common funds, the Operating Agent shall take into account the necessity of ensuring a fair distribution of such expenditure in the Participants' countries, where this is fully compatible with the most efficient technical and financial management of the Task.
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Financial Rules, Expenditure. The Executive Committee, acting by unanimous vote, may make such regulations as are required for the sound financial management of the activities under this Agreement including, where necessary, establishment of: (a) budgetary and procurement procedures to be used by the Operating Agent in making payments from a Common Fund which may be maintained by Participants for the account of an Annex or in making contracts on behalf of the Participants; and (b) minimum levels of expenditure for which Executive Committee approval shall be required, including expenditure involving payment of monies to the Operating Agent for other than routine salary and administrative expenses previously approved by the Executive Committee in the budget process.
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Financial Rules, Expenditure. The Executive Committee, acting by unanimity, may make such regulations as are required for the sound financial management of each common fund including, where necessary: (1) Establishment of budgetary and procurement procedures to be used by the Operating Agent in making payments from the appropriate common fund; (2) Establishment of minimum levels of expenditure for which Executive Committee approval shall be required, including but not limited to expenditure involving payment of monies to the Operating Agent for other than routine salary and administrative expenses previously approved by the Executive Committee in the budget process. In the expenditure of common funds, the Operating Agent shall take into account the necessity of ensuring a fair distribution of such expenditure in the Participants' countries, where this is fully compatible with the most efficient technical and financial management of the Task.
Sample 1Sample 2
Financial Rules, Expenditure. The Executive Committee, acting by unanimity, may make such regulations as are required for the sound financial management of each Common Fund including, where necessary: (1) establishment of budgetary and procurement procedures to be used by the Custodian in making payments from the appropriate Common Funds or in making contracts on behalf of the Beneficiaries; and (2) establishment of minimum levels of expenditure for which Executive Committee approval shall be required, including expenditure involving payment of monies to the Custodian for other than routine salary and administrative expenses previously approved by the Executive Committee in the budget process. In the expenditure of Common Funds, the Custodian shall take into account the necessity of ensuring a fair distribution of such expenditure in the Beneficiaries’ countries, where this is fully compatible with the most efficient technical and financial management.
Sample 1
Financial Rules, Expenditure. The Executive Committee, acting by unanimity, may make such regulations as are required for the sound financial management of the common funds of each Task including, where necessary: (1 ) Establishment of budgetary and procurement procedures to be used by the Operating Agent in making payments from any common funds which may be maintained by Participants for the account of the Task or in making contracts on behalf of the Participants;
Sample 1
Financial Rules, Expenditure. The Executive Committee, acting by unanimity, may make such regulations as are required for the sound financial management of the Agreement Common Fund and each Annex Common Fund including, where necessary: (1) Establishment of budgetary and procurement procedures to be used by the Operating Agent in making payments from any Annex Common Funds or in making contracts on behalf of the Participants in the relevant Annex; (2) Establishment of budgetary and procurement procedures to be used by the Secretary in making payments from the Agreement Common Fund or in making contracts on behalf of the Participants; and (3) Establishment of minimum levels of expenditure for which Executive Committee approval shall be required, including expenditure involving payment of monies to the Operating Agent or the Secretary for other than routine salary and administrative expenses previously approved by the Executive Committee in the budget process. In the expenditure of Annex Common Funds, the Operating Agent shall take into account the necessity of ensuring a fair distribution of such expenditure in the Participants' countries, where this is fully compatible with the most efficient technical and financial management of the Annex.
Sample 1

Related to Financial Rules, Expenditure

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  • Conference requirement and procedure (i) The Employer, or the Employer’s representative, shall, when requested by the Employees or their Employee Representative/ Union Delegate, confer (within a reasonable period of time which should not exceed 1/2 hour) for the purpose of determining whether or not conditions are inclement. (ii) Provided that if the Employer or the Employers’ representative refuses to confer within such reasonable period, Employees shall be entitled to cease work for the rest of the day and be paid inclement weather.

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  • Audit Requirement If the City expend(s) seven hundred fifty thousand dollars ($750,000) or more in a year in federal financial assistance it is required to have an independent annual audit conducted in accordance with 2 CFR Part 200. A copy of the audit report shall be submitted to MoDOT within the earlier of thirty (30) days after receipt of the auditor's report(s), or nine (9) months after the end of the audit period. Subject to the requirements of 2 CFR Part 200, if the City expend(s) less than seven hundred fifty thousand dollars ($750,000) a year, the City may be exempt from auditing requirements for that year but records must be available for review or audit by applicable state and federal authorities.

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