Fiscal Agent Responsibilities Sample Clauses
The Fiscal Agent Responsibilities clause defines the duties and obligations of a party designated as the fiscal agent in a contractual arrangement. Typically, this clause outlines tasks such as managing funds, processing payments, maintaining financial records, and ensuring compliance with relevant financial regulations on behalf of the parties involved. For example, the fiscal agent may be responsible for disbursing grant funds to subrecipients or preparing financial reports for audits. The core function of this clause is to clearly allocate financial management responsibilities, thereby ensuring accountability and proper handling of funds within the agreement.
Fiscal Agent Responsibilities. The Fiscal Agent is responsible for all equipment and personnel shall be sufficiently skilled, experienced, and knowledgeable to perform the duties envisioned by this Agreement successfully.
Fiscal Agent Responsibilities. The Subscriber, when acting as a Fiscal Agent shall: (i) Pay the fees set forth in an applicable Schedule and resulting Purchase Order on behalf of a Subscriber; (ii) Schedule and host introductory activities for Excluding Summer test administration, Subscriber shall not administer more than three MAP® Growth™ test events per license in a single academic year, except for MAP® Growth™ K-2 Skills Checklist which can be administered without such academic year limitation. Additionally, Subscriber may administer one summer test event per license per academic year. MAP® Growth™ may require installation of the secure browser ("Secure Browser") on a PC or the “Secure Testing App for iPad or Chromebook. Accordingly, NWEA grants to Subscriber a nonexclusive, nontransferable sublicense to install the Secure Browser for Subscriber's internal use only in connection with the Subscription and only during the period specified in an applicable Schedule. Use of the Secure Browser sublicense extends only to the quantity of licenses indicated on an applicable Schedule. Subscriber shall provide to NWEA its student and class information in a Class Roster File ("Roster File") for each test window in the approved format. Subscribers must import the Roster File at least one (1) week before Subscriber's first day of testing. MAP® Reading Fluency™. By using MAP® Reading Fluency™, Subscriber agrees to the following: Subscriber is responsible for providing all hardware, including headsets with boom microphones, necessary to complete the test administration. For the avoidance of doubt, built in microphones and in-line microphones are not supported. MAP® Reading Fluency™ is supported on (i) any Chrome browser on any desktop, laptop, or Chromebook; and (ii) via an iOS application for testing on an iPad or iPad Mini or as otherwise set forth in applicable technical specifications. MAP® Accelerator™. By using MAP® Accelerator™, Subscriber agrees to the following: Subscriber’s use of MAP® Accelerator™ is subject to the supplemental terms and conditions (the “MAP Accelerator Terms”) which may modify NWEA’s Agreement (the “Service”). The Service is provided by Khan Academy, Inc., a California 501(c)(3) organization (“Khan”), through ▇▇▇▇'s website located at ▇▇▇▇://▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ and related application programming interfaces (API’s), mobile applications, and online services ("Website"). Each student, teacher, leader, aide, or other similar personnel enrolled in the Service will be registere...
Fiscal Agent Responsibilities. CLPCCD is responsible for all equipment and personnel necessary to complete the CLPCCD’s responsibilities under this Agreement. All personnel shall be sufficiently skilled, experienced, and knowledgeable to perform the duties envisioned by this Agreement successfully.
Fiscal Agent Responsibilities. The Fiscal Agent will distribute funds according to the terms in this agreement. SUHSD will manage consortium-wide expenses and receive administrative costs for that purpose, as allowable, in the amount of $25,107 for the 2024-2025 fiscal year only. Administrative costs for future years are to be determined annually during the Consortium Fiscal Administration (CFAD) approval process. Southwestern may charge the approved district indirect rate for 2024-2025 on their allocation, up to 5%. Funds allocated pursuant to this agreement shall be used by the Member District exclusively for costs associated with the South Bay Adult Education Consortium/Southwestern's three year plan and annual implementation plan, as approved by the South Bay Adult Education Consortium/Southwestern Consortium Directors Council and by the state, and incorporated by reference herein. Southwestern will use these funds to address proposed project activities, and will spend funds as prescribed by AB104 CAEP budget language, CAEP allowable uses, Program Guidance Instructions, Terms & Conditions for Performance Year 2024-25, and CAEP legislation. Member District will also comply with the monitoring and reporting requirements described in the section below.
Fiscal Agent Responsibilities. The Fiscal Agent on behalf of the CWRIA will perform the following responsibilities.
a. Present proposed grant applications (or funding requests) and subsequent grant agreements to the Fiscal Agent's governing board for approval and acceptance. Said documents are to be based on the lWlP and have been vetted through the Policy Committee and Technical Advisory Committee established in the CWRIA Agreement.
b. Submit the grant or funding application (or funding request) on behalf of the CWRIA. The Fiscal Agent will be the signatory on the corresponding agreement.
c. Administer the grant or funding as provided in the agreement and corresponding work plan. This includes serving as the point of contact for the agreement and budgetary and accounting services, such as management of all operating budget funds, payment for contracted services and relevant bookkeeping and record keeping.
d. Administer the disbursement of public funds in accordance with the terms of this Agreement, the grant or funding agreement and its corresponding work plan, the purposes of the lWlP, and state and federal laws, including posting grant information on the SWCD's website and completing all grant reporting requirements (ex. BWSR's elink system).
e. Establish a separate fund or funds for management of CWRIA grant monies.
f. County Accounting policies and procedures shall apply to the WBIF Grant and all other CWRIA fund(s) managed by the Fiscal Agent during the term of this Agreement. All funds shall be accounted for according to generally accepted accounting principles.
g. Maintain all pertinent books, records, documents and accounting procedures and practices required under the WBIF Grants, all other CWRIA grants and funds, and by state and federal law and make the same available to the CWRIA and the State Auditor upon reasonable notice.
h. Maintain all records related to the fund or funds and retain them in accordance with the record retention policy requirements of the Minnesota State Auditor.
i. Annually provide a full and complete audit report of the WBIF Grants and all other CWRIA grants and funds per Minn. Stat. §471.59, Subd. 3.
j. Provide, at a minimum, quarterly accounting of the funds, receipts, and disbursements in relation to the WBIF Grant and all other grants and funding received on behalf of the CWRIA, in a timely manner to both the Plan Coordinator and Policy Committee of the CWRIA.
k. Work collaboratively with the Policy Committee, Steering Committee, Grant Administrato...
Fiscal Agent Responsibilities. The fiscal agent of a Title I Cooperative Agreement is responsible for the overall financial management of the program in accordance with the requirements described below: Processing all financial transactions, including the request for and deposit of grant funds; payment of all allowable expenditures; and preparation of journal vouchers. Maintaining all source documentation (invoices, bills, payroll records, etc.) to substantiate expenditures. Preparing and submitting request for funds, budget revisions, and required reports to the Department of Public Instruction. Preparing and distributing a final financial report allocating total program costs to each district in the Title I cooperative agreement. In no case should a fiscal agent merely send funds to a cooperating district based on the original entitlement and then have the cooperating district expend the funds at its level. This type of accounting defeats the purpose of the use of Title I Cooperative Agreements. Districts that abuse the system may be ineligible for participation in a Title I Cooperative Agreement in subsequent years. The fiscal agent assumes responsibility for ensuring that federal program funds have been expended and accounted for consistent with applicable OMB cost principles, agency program regulations, and the terms of subgrant agreements to determine the costs are reasonable and allowable. Recipients of federal funds must establish accounting procedures and records that are sufficient to permit preparation of required reports and permit the tracking of funds to a level of expenditures adequate to establish that such funds have not been used in violation of the restrictions and prohibitions of applicable statutes.
Fiscal Agent Responsibilities. The fiscal agent, when appointed, will maintain all fiscal records in accordance with generally accepted accounting principles and will provide for strict accountability of all receipts and disbursements. Upon termination of this Agreement, any unexpended funds shall be returned pro rata by the fiscal agent to the contributing members and third party funding sources.
Fiscal Agent Responsibilities
