Common use of Fiscal Management Clause in Contracts

Fiscal Management. UNIVERSITY will maintain complete and accurate accounting records in accordance with accepted accounting practices for institutions of higher education. UNIVERSITY will make the accounting records available for inspection and audit by SPONSOR or its authorized agent, at reasonable times upon reasonable notice at SPONSOR’s expense for three years following the end of UNIVERSITY's fiscal year (July 1 - June 30) in which Research Costs are incurred.

Fiscal Management. UNIVERSITY will The University shall maintain complete and accurate accounting records in accordance with accepted accounting practices for institutions of higher education. UNIVERSITY will make the accounting These records shall be available for inspection inspection, review, and audit by SPONSOR or its authorized agent, at reasonable times upon reasonable notice by the Sponsor, or its duly authorized representative, at SPONSORSponsor’s expense expense, for three (3) years following the end of UNIVERSITY's the University’s fiscal year (July 1 - ending June 3030 of any given year) in which Research Costs such costs are incurred.