Fiscal Relationship Clause Samples
The Fiscal Relationship clause defines the financial interactions and obligations between the parties involved in an agreement. It typically outlines how payments are to be made, the allocation of costs, and the handling of taxes or other fiscal responsibilities. For example, it may specify which party is responsible for invoicing, payment schedules, or reimbursement procedures. The core function of this clause is to ensure transparency and prevent disputes by clearly delineating each party's financial duties and expectations.
Fiscal Relationship. The government-to-government relationship established through this Agreement requires a new intergovernmental Fiscal Relationship between the Parties.
Fiscal Relationship. A. It is understood between PVSD and the Charter School that the Charter School shall be responsible for all of its own fiscal services such as payroll, purchase orders, attendance reporting and state budget forms. In the event that the Charter School utilizes the services of a management company as part of its structure, all financial records of the back office or management company and the Charter School’s contract with the back office or management company must be made available for review by PVSD at any time within five (5) calendar days of PVSD’s written request. Charter School’s contracts with any such back office or management company shall at all times comply with Education Code Section 47604 as operative July 1, 2019.
Fiscal Relationship. A. The VCBE and the Charter School agree that the VCOE shall not be required to act as the fiscal agent for the Charter School. It is understood that, as between the VCOE and the Charter School, the Charter School shall be responsible for all fiscal services such as payroll, purchase orders, attendance reporting and state budget forms. However: The Charter School is allowed to use the financial software system of their choice, but is required to provide VCOE Business Office employees “read only” access to the software chosen, including any necessary software and equipment necessary to make access possible. In the event that the Charter School utilizes the services of a management company as part of its structure, all financial records of the Charter School must be available for review by the VCOE at any time.
B. The Charter School may, if it chooses, contract with the VCOE for business services by way of a separate written agreement. It is understood that the VCOE is interested in providing available services but at no cost to the VCOE.
Fiscal Relationship