Common use of Fiscal Management Clause in Contracts

Fiscal Management. 1. The Association will conduct its fiscal operations in accordance with accepted business practices. This includes the appropriate use of a funds accountability system, purchase orders, receipts, invoices, and inventory records. 2. The Association shall annually submit (within 135 days following the end of each fiscal year) a complete financial report to the Corps which includes a written summary of Association activities for the year. 3. The Corps may review the fiscal records of the Association at any time during the term of this Agreement.

Appears in 3 contracts

Samples: Cooperating Association Agreement, Cooperating Association Agreement, Cooperating Association Agreement

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Fiscal Management. 1. ) The Association will conduct its fiscal operations in accordance with accepted business practices. This includes the appropriate use of a funds accountability system, purchase orders, receipts, invoices, and inventory records. 2. ) The Association shall annually submit (within 135 days following the end of each fiscal year) a complete financial report to the Corps which that includes a written summary of Association activities for the year. 3. ) The Corps may review the fiscal records of the Association at any time during the term of this Agreement.

Appears in 1 contract

Samples: Cooperating Association Agreement

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