Common use of FINANCIAL STATUS REPORTS (FSRS Clause in Contracts

FINANCIAL STATUS REPORTS (FSRS. Except as otherwise provided in these General Provisions or in the terms of any Program Attachment(s) that is incorporated into the Contract, for contracts with categorical budgets, Grantee shall submit quarterly FSRs to Accounts Payable by the last business day of the month following the end of each quarter of the Program Attachment term for System Agency review and financial assessment. Grantee shall submit the final FSR no later than sixty (60) calendar days following the end of the applicable term. Section 6.01 Ownership, is deleted in its entirety and replaced with the following:

FINANCIAL STATUS REPORTS (FSRS. Except as otherwise provided in these General Provisions or in the terms of any Program Attachment(s) that is incorporated into the Contract, for contracts with categorical budgets, Grantee shall submit quarterly FSRs to Accounts Payable by the last business day of the month following the end of each quarter of the Program Attachment term for System Agency review and financial assessment. Grantee shall submit the final FSR no later than sixty forty-five (6045) calendar days following the end of the applicable term. Section 6.01 Ownership, is deleted in its entirety and replaced with the following:

FINANCIAL STATUS REPORTS (FSRS. Except as otherwise provided in these General Provisions or in the terms of any Program Attachment(s) that is incorporated into the Contract, for contracts with categorical budgets, Grantee shall submit quarterly FSRs to Accounts Payable by the last business day of the month following the end of each quarter of the Program Attachment term for System Agency review and financial assessment. Grantee shall submit the final FSR no later than sixty (60) calendar days following the end of the applicable term. Section 6.01 6.1 Ownership, is deleted in its entirety and replaced with the following: