Common use of FINANCIAL STATEMENTS AND REPORTS ON RESULTS Clause in Contracts

FINANCIAL STATEMENTS AND REPORTS ON RESULTS. 3.1 It is agreed that, no later than March 31 of each fiscal year of the present agreement, the Northwest Territories shall provide Canada with interim financial statements of the Northwest Territories’ expenditures relating to Canada’s financial contribution. The interim financial statement shall provide details on actual expenditures incurred prior to December 31 of each fiscal year, and on expenditures anticipated until March 31, of each fiscal year. 3.2 It is agreed that within six (6) months following the end of each fiscal year of the present agreement, the Northwest Territories shall provide Canada with a final report on the results based on the measures, performance indicators and outcomes set forth in the Action Plan (Schedule B), and on actual expenditures. 3.3 The interim financial statements and final report on results and actual expenditures shall be approved by a duly authorized person from the Northwest Territories. The Northwest Territories shall provide the report in the manner it considers most appropriate to its particular situation. Canada and the Northwest Territories will hold further discussions in the event that clarifications or additional information are requested. The Northwest Territories agree to address the questions raised by Canada to meet the terms of the agreement, if applicable. 3.4 The financial statements shall separately present the budget established for each of the measures provided for in the Northwest Territories’ Action Plan (Schedule B), the federal contribution, and for each measure, all expenditures incurred by the Northwest Territories, including those incurred since the date of entry into force of this agreement, on April 1st, 2020. The financial statements shall be prepared in accordance with generally-accepted accounting principles. 3.5 In the context of this agreement, the Northwest Territories agrees to keep accounts and documents up to date and in due form in accordance with territorial records management standards.

FINANCIAL STATEMENTS AND REPORTS ON RESULTS. 3.1 It is agreed that, no later than March 31 of each fiscal year of the present this agreement, the Northwest Territories Xxxxxx Xxxxxx Island shall provide Canada with interim financial statements of the Northwest Territories’ Xxxxxx Xxxxxx Island’s expenditures relating to Canada’s financial contribution. The interim financial statement shall provide details on actual expenditures incurred prior to December 31 September 30 of each fiscal year, the year in question and on expenditures anticipated until March 31, 31 of each fiscal yearthe year in question. 3.2 It is agreed that within six (6) months following the end of each fiscal year of the present this agreement, the Northwest Territories Xxxxxx Xxxxxx Island shall provide Canada with a final report on the results of each fiscal year, based on the measures, performance indicators and outcomes set forth in the Action Plan strategic plan (Schedule B), and on actual expenditures. 3.3 The interim financial statements and final report reports on results and actual expenditures shall be approved by a duly authorized person from the Northwest TerritoriesXxxxxx Xxxxxx Island. The Northwest Territories Xxxxxx Xxxxxx Island shall provide the report financial statements and reports in the manner it considers most appropriate to its particular situation. Once the information has been submitted, if Canada and the Northwest Territories will hold further discussions in the event believes that clarifications or additional information are requested. The Northwest Territories agree required, it shall so inform Xxxxxx Xxxxxx Island, which will be obliged to address produce the questions raised by Canada to meet the terms of the agreement, if applicableadditional information requested in a timely fashion. 3.4 The financial statements shall separately present the budget established for each of the measures provided for in the Northwest Territories’ Action Plan province’s strategic plan (Schedule B), the provincial and federal contributioncontributions, and for each measure, all expenditures incurred by the Northwest Territoriesprovince, including those incurred since before the date of entry into force signing of this agreement, on April 1st, 2020. The financial statements shall be prepared in accordance with generally-accepted accounting principles. 3.5 In the context of this agreement, the Northwest Territories Xxxxxx Xxxxxx Island agrees to keep accounts and documents up to date and in due form on receipts and expenditures related to the content of this agreement, including all related invoices, receipts and useful supporting documents. Xxxxxx Xxxxxx Island will provide financial statements and other documents provided for in this agreement from time to time as required by Canada, and it will manage its financial affairs in accordance with territorial records management standardsgenerally-accepted accounting principles and practices. For the purposes of this agreement, Xxxxxx Xxxxxx Island will retain all financial accounts, source documents and other useful documents for a period of at least five years following the expiration of this agreement.

FINANCIAL STATEMENTS AND REPORTS ON RESULTS. 3.1 It is agreed that, no later than March 31 of each fiscal year of the present this agreement, the Northwest Territories British Columbia shall provide Canada with interim financial statements of the Northwest Territories’ British Columbia’s expenditures relating to Canada’s financial contribution. The interim financial statement shall provide details on actual expenditures incurred prior to December 31 September 30 of each fiscal year, the year in question and on expenditures anticipated until March 31, 31 of each fiscal yearthe year in question. 3.2 It is agreed that within six (6) months following the end of each fiscal year of the present this agreement, the Northwest Territories British Columbia shall provide Canada with a final report on the results of each fiscal year, based on the measures, performance indicators and outcomes set forth in the Action Plan strategic plan (Schedule B), and on actual expenditures. 3.3 The interim financial statements and final report reports on results and actual expenditures shall be approved by a duly authorized person from the Northwest TerritoriesBritish Columbia. The Northwest Territories British Columbia shall provide the report financial statements and reports in the manner it considers most appropriate to its particular situation. Once the information has been submitted, if Canada and the Northwest Territories will hold further discussions in the event believes that clarifications or additional information are requested. The Northwest Territories agree required, it shall so inform British Columbia, which will be obliged to address produce the questions raised by Canada to meet the terms of the agreement, if applicableadditional information requested in a timely fashion. 3.4 The financial statements shall separately present the budget established for each of the measures objectives provided for in the Northwest Territories’ Action Plan (Schedule B)province’s strategic plan, the provincial and federal contributioncontributions, and for each measureobjective, all expenditures incurred by the Northwest Territoriesprovince, including those incurred since after the date of entry into force signing of this agreement, on April 1st, 2020. The financial statements shall be prepared in accordance with generally-accepted accounting principles. 3.5 In the context of this agreement, the Northwest Territories British Columbia agrees to keep accounts and documents up to date and in due form on receipts and expenditures related to the content of this agreement, including all related invoices, receipts and useful supporting documents. British Columbia will provide financial statements and other documents provided for in this agreement from time to time as required by Canada, and it will manage its financial affairs in accordance with territorial records management standardsgenerally-accepted accounting principles and practices. For the purposes of this agreement, British Columbia will retain all financial accounts, source documents and other useful documents for a period of at least five years following the expiration of this agreement.