Fiscal Controls. Contractor shall adhere to the accounting requirements, financial reporting, and internal control standards as described in the Auditor-Controller Contract Accounting and Administration Handbook, (Handbook) which contains the minimum required procedures and controls that must employed by Contractor’s accounting and financial reporting system, and which is incorporated herein by reference. The handbook may be modified from time to time and contractor shall comply with modifications from and after the date modified. Contractor shall require subcontractors to adhere to the Handbook for any services funded through this contract, unless otherwise agreed upon in writing by County.
a. The Handbook is available at xxxx://xxx.xxxxxxxxx.xx.xxx/AC/, under Policies and Procedures or at the Auditor-Controller's Office, 0000 Xxxxxxxx Xxxxxx Room X000, Xxxxxx Xxxxxxxxxx Xxxxxx, Xxx Xxxx Xxxxxx XX, 00000,
b. The Office of Management and Budget (OMB) circulars are available at xxxx://xxx.xxxxxxxxxx.xxx/omb/circulars.
Fiscal Controls. The Fiscal Agent shall establish, manage, and maintain an appropriate system of internal controls, accounting records and documentation of the receipt and disbursement of the Funds. Accounting records shall be contemporaneously maintained in accordance with generally accepted accounting standards and principles, and applied in a consistent manner and available for review or reproduction upon reasonable written request by the Office Project Manager.
Fiscal Controls. The Subrecipient shall be responsible for the internal control and monitoring of fiscal and programmatic/operational goals and procedures. The Subrecipient shall establish and maintain such fiscal controls and fund accounting procedures as required by Federal regulations, or as may be deemed necessary by the Department to ensure the proper disbursement of, and accounting for, funds paid to the Subrecipient under this Agreement.
A. Deposit of Funds: Subrecipient shall maintain separate accounts within established bookkeeping systems for the deposit of CDBG-DR funds and Program Income. Deposits in minority banks are encouraged.
B. Fiscal Liability: Subrecipients shall be liable for all amounts which are determined to be due by the Department, including but not limited to, disallowed or ineligible costs which are the result of Subrecipient’s, its Contractor’s, or its Developer’s conduct under this Agreement. Subrecipients shall also be liable for the repayment of any and all amounts it has received under this Agreement and which HUD is seeking reimbursement for from the Department. Subrecipient’s obligation to repay the foregoing amounts to the Department shall survive indefinitely the expiration or earlier termination of this Agreement. Subrecipient shall be notified in writing and shall be permitted to respond regarding any controversy or proceeding between the Department and HUD arising from this Agreement.
Fiscal Controls. The LEA will utilize those fiscal controls and fund accounting procedures as may be necessary to ensure proper disbursement of and accounting of all federal funds disbursed to the LEA by OVR. Those controls and procedures must be sufficient to permit preparation of reports required by federal statutes authorizing the grant of said funds, and sufficient to permit the tracing 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 Controls. The Subrecipient shall be responsible for the internal control and monitoring of fiscal and programmatic/operational goals and procedures. The Subrecipient shall establish and maintain such fiscal controls and fund accounting procedures as required by Federal regulations, or as may be deemed necessary by the Department to ensure the proper disbursement of, and accounting for, funds paid to the Subrecipient under this Agreement.
Fiscal Controls. Contractor shall adhere to the accounting requirements, financial reporting, and internal control standards as described in the Auditor-Controller Contract Accounting and Administration Handbook (Handbook), which contains the minimum required procedures and controls that must be employed by Contractor’s accounting and financial reporting system, and which is incorporated herein by reference. In addition, Contractor shall adhere to the Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards; Final Rule as described in the Office of Management and Budget (OMB) Title 2 Code of Federal Regulations (CFR) Chapter I and Chapter II, Part 200, et al and the Department of Labor (DOL) exceptions at 2 CFR Chapter II, Part 2900, et al. If there is any conflict between the requirements or standards of the Handbook and the requirements or standards of the OMB, Contractor shall comply with the more stringent of the two. Contractor shall require subcontractors to adhere to the Handbook/OMB for any services funded through this contract, unless otherwise agreed upon in writing by County.
a. The Handbook is available at the Auditor-Controller's Office, 0000 Xxxxxxxx Xxxxxx Room X000, Xxxxxx Xxxxxxxxxx Xxxxxx, Xxx Xxxx Xxxxxx XX, 00000. Or under County Vendor Resources found here: xxxx://xxx.xxxxxxxxx.xx.xxx/Departments/Auditor-Controller-Treasurer-Tax- Collector/Auditor-Controller/Services/Vendor-Resources.aspx Contractor must adhere to County Travel Policy which can be found here: xxxx://xxx.xxxxxxxxx.xx.xxx/Departments/Auditor-Controller-Treasurer-Tax- Collector/Forms-Documents/Resources-for-Vendors/County-Travel-Policy.aspx.
b. Uniform Administrative Requirements are available at xxxx://xxx.xxxx.xxx/cgi- bin/text- idx?SID=f93cbbc8187a2724cacdb657d087baab&node=pt2.1.200&rgn=div5
c. Department of Labor Uniform Administrative Requirements exceptions are available at xxxx://xxx.xxxxxx.xxx/grants/UniformGuidance.cfm
Fiscal Controls i. The COUNTY through its DHHS shall develop and shall provide preliminary recommendation for the annual operating and capital budgets of the Health Center. The DHHS shall recommend such budgets to the CAB for review and final approval. In the event that the CAB does not approve the recommended budget, the COUNTY through its DHHS and the CAB shall meet and confer to develop an appropriate budget that is satisfactory. If the COUNTY DHHS and the CAB fail to develop a mutually agreed upon budget within thirty (30) days of the initial review, then the dispute shall be resolved in accordance with Section F, 5 below. Subject to the requirements for adoption and approval of a public agency budget, the CAB shall have final authority to approve the annual operating and capital budgets of the Health Center.
ii. The County will spend funds that are consistent with the CAB approved budget. The Parties shall not materially deviate from the adopted budget except that the COUNTY through its DHHS, as manager of the Health Center, may modify planned fiscal activities if there is a reduction in available resources (e.g. decreased levels of reimbursement, diminished revenues, or adverse labor events). The COUNTY through its DHHS shall immediately notify the CAB of any budgetary change that would materially modify the scope of the Health Center and seek the necessary approvals of such changes.
iii. The COUNTY through its DHHS shall be solely responsible for the management of the financial affairs of the Health Center, including capital and operating borrowing.
iv. The COUNTY through its DHHS shall have sole authority to develop and implement financial policies and controls related to the Health Center, in consultation with the CAB, as set forth in this Agreement.
v. All funds received for services provided and all income otherwise generated by the Health Center, including fees, premiums, third- party reimbursements and other state and local operational funding, and Section 330 grant funds ("Program Income"), as well as all Program Income greater than the amount budgeted ("Excess Program Income"), shall be under the control of the COUNTY. All Program Income and Excess Program Income shall be used to further the goals of the Health Center's federally approved program and consistent with the policies and priorities established by the CAB.
vi. The COUNTY through its DHHS shall have sole authority to receive, manage, allocate, and disburse, as applicable, revenues necessary for th...
Fiscal Controls. The School will develop and maintain internal fiscal control policies governing all financial activities. Prior to opening (or as policies are revised), a copy of the School’s internal fiscal control policies and procedures approved by the School’s governing board will be submitted to RCOE. Such policies and procedures are subject to review during site visits to see that they are being implemented. The School will draft, with third-party experts, and adopt through a transparent, open and public process, policies, procedures and protocols to ensure that ADA funding generated by students of the School would be protected against commingling and/or inappropriate or unsecured lending or other non-School purposes and how conflicts of interest would be avoided in any transaction between other entities.
Fiscal Controls. The Contractor will utilize those fiscal controls and fund accounting procedures as may be necessary to ensure proper disbursement of and accounting of all funds disbursed to the Contractor by OVR. Those controls and procedures must be sufficient to permit preparation of reports required by laws authorizing the grant of said funds, and sufficient to permit the tracing 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 laws.
Fiscal Controls. A. CMP shall adopt and meet generally accepted accounting principles and shall adopt and maintain policies to ensure CMP’s funds are used to most effectively support CMP’s mission and to ensure that funds are budgeted, accounted for, expended, and maintained in an appropriate and lawful fashion. Such policies will include, but not be limited to, principles that ensure that: (1) expenditures are authorized in accordance with amounts specified in the adopted budget; (2) CMP’s funds are managed and held in a manner that provide a high degree of protection of CMP’s assets; and (3) all transactions are recorded and documented in an appropriate manner that allows reporting to the State as required by the District, the County Office of Education, or California Department of Education.
