FISCAL OPERATIONS. CONTRACTOR shall comply with all of the following requirements concerning fiscal operations, including but not limited to, the proper maintenance of accounting records and the periodic report of financial data in accordance with all auditing requirements as generally specified in Sections 5.3 through 5.8.
5.2.1. The Contract may utilize the FDC established contracts for revenue generating services including, but not limited to, canteen/commissary, package programs, inmate telephone, vending, and multimedia kiosks/tablets. The Contractor may work with the FDC/Department to implement services from their existing contracts, in coordination with the Department. All revenue generated from these services shall continue to be deposited in the POIIWTF. This coordination shall help standardize services for inmates and their friends and family and help maximize contributions to the POIIWTF.
FISCAL OPERATIONS. Development of policies on partic- ipant health and safety, including a
FISCAL OPERATIONS. A. JAA will, as Charter School’s operator, receive general purpose and general purpose entitlement funding in accordance with Education Code 47633 computed by the local control funding formula pursuant to Education Code 42238.02, as implemented by Education Code 42238.03, directly from the State of California pursuant to Education Code 47651. JAA will have its own mailing address, charter school accounts in the county treasury and manage its own funds, including the authority to establish an account at a private bank for its authorized purchases and expenditures.
B. In the event that the County Board seeks and receives a voter approved bond, parcel tax, etc., Charter School shall have no entitlement to any portion of the funds unless otherwise negotiated in advance and agreed to in writing. JAA shall have the opportunity to negotiate for such funds on behalf of Charter School. The Parties shall meet sufficiently in advance of any action by EDCOE to pursue such measures so as to advise JAA and to determine the positions of the parties. JAA agrees that Charter School has no entitlement to funds currently being received, if any, by the County Board and/or EDCOE under former parcel tax or bond elections.
C. Unless required by law, EDCOE is not obligated to apply for additional funding for Charter School. If EDCOE applies for additional sources of funding in the form of grants or similar funding at the request of and for the benefit of Charter School, EDCOE may receive a percentage of the funds, as mutually agreed..
D. JAA is to operate Charter School in a financially sound fashion. If JAA seeks any loans or advance receipt of funds for Charter School, it shall establish a fiscal plan for repayment in advance of receipt of such loans. All loans and loan applications shall be the sole responsibility of JAA. In no event shall the County Board and/or EDCOE have any obligation for repayment of such loans. JAA shall provide advance written notice to the County Board and EDCOE specifying its intent to apply for a loan for Charter School.
E. JAA shall prepare and submit the following financial information regarding Charter School to EDCOE:
1. On or before July 1, a preliminary budget.
2. On or before July 1, an annual update (Local Control Accountability Plan) required pursuant to Education Code Section 47606.5.
3. On or before December 15, an interim financial report. This report shall reflect changes through October 31.
4. On or before March 15, a second interim fin...
FISCAL OPERATIONS. Accept and account for grant funds from the Authority for purposes of providing program services under the Agreement; • Process payments on behalf of eligible applicants to landlords, mortgage servicers, utility providers, and other qualified third parties; • Return all unused program funds to the Authority at the conclusion of the Agreement.
FISCAL OPERATIONS. CONTRACTOR shall comply with all of the following requirements concerning fiscal operations, including but not limited to, the proper maintenance of accounting records and the periodic report of financial data in accordance with all auditing requirements as generally specified in Sections 5.3 through 5.8.
FISCAL OPERATIONS. Life Lab manages all funds, assets and other resources under its control with a high degree of responsibility, integrity, transparency and accountability. Life Lab and Growing Healthy Kids agree that this approach to fiscal management will continue to generally apply to both Life Lab and Growing Healthy Kids going forward with this fiscal sponsorship and that the below fiscal operations will continue to be implemented.
FISCAL OPERATIONS. The Charter School will operate in a fiscally sound fashion. If the Charter School, with the prior approval of the Superintendent or designee, seeks any loans or advance receipt of funds, it shall establish a fiscal plan for repayment in advance of receipt of such loans, subject to the review and approval of the Superintendent or designee.
FISCAL OPERATIONS. The parties hereto agree the Implementation Plan shall include, without limitation, items as follows:
FISCAL OPERATIONS. ● Responsible for monthly cash flow analysis to prepare all recurring, vendor and payment arrangements on behalf of the Academy. ● Responsible for the bi-weekly review/approval of payroll through the review of payroll time reports completed by payroll personnel. ● Responsible for general ledger posting of all payroll related expenditures on a bi-weekly/monthly basis. ● Responsible for general xxxxxx posting of all monthly expenditures related to the Academy. Such transactions include credit card payments, checks, direct payments and reimbursements. ● Responsible for preparing an annual Cash Flow Worksheet for the upcoming fiscal year in estimation of the required borrowing. ● Responsible for preparing and completing annual state aid borrowing agreements with various financial institutions.
FISCAL OPERATIONS
