FISCAL RELATIONSHIPS Clause Samples

The "Fiscal Relationships" clause defines the financial interactions and obligations between the parties involved in an agreement. It typically outlines how payments, reimbursements, or cost-sharing will be handled, specifying the timing, method, and documentation required for financial transactions. For example, it may detail how one party will invoice the other for services rendered or how expenses will be allocated and reported. The core function of this clause is to ensure transparency and accountability in financial dealings, thereby reducing the risk of disputes over money matters.
FISCAL RELATIONSHIPS. A. To the extent that the District is required to submit financial forms on behalf of WCA, WCA is responsible for providing the necessary information to the District in a timely manner and in a format acceptable to the District. WCA agrees to follow processing schedules and District business office procedures. B. AVERAGE DAILY ATTENDANCE. WCA will be responsible for its daily and monthly attendance accounting. WCA will submit the attendance reports in accordance with the District format and State law and regulations to the District’s attendance officer. These reports will be submitted to the District at least one week prior to the county submission due dates for the P1, P2 and annual attendance periods. These dates will be part of WCA’s annual calendar development. Such attendance will be included in the annual independent audit of WCA. WCA will report to the District the names of the students who have newly enrolled in WCA, including their name, address, grade level, and the student’s prior district and school. In the case of Kindergarten students, WCA will report the school they would have attended if they are residents of the District. This will occur on the CBEDS reporting date and during the annual report (without student names), or as otherwise required by law. WCA will report the names of the students who have disenrolled from WCA along with the reason for disenrollment (i.e. returning to district of residence, drop out, or expulsion) and where the student intends to attend school upon WCA’s action of dropping the student. WCA will report all students who disenroll and who plan to reenroll in the District promptly upon learning of the disenrollment.
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FISCAL RELATIONSHIPS. A. The District and the Charter School agree that the District shall not act as fiscal agent for the Charter School. It is understood that the Charter School shall be responsible for all fiscal services such as payroll, purchase orders, attendance reporting and state budget forms but may, if it chooses and the District approves, contract with the District for services by way of a separate written agreement. The provision of such services shall be at no cost to the District. 1. To the extent that the District is required to submit financial forms on behalf of the Charter School, the Charter School is responsible for providing the necessary information to the District in a timely manner and in a format consistent and compatible with District software systems. The Charter School agrees to follow processing schedules and District business office procedures. 2. The Charter School will establish a system for internal fiscal management and a calendar for fiscal services to include cash flow check points, hiring of auditor, audit timeline and attendance reporting as further outlined below. The Charter School agrees to bear the reasonable and actual audit costs should the District’s auditors be requested to, or required to, audit the Charter School.
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FISCAL RELATIONSHIPS. 1. The District and Pacific School agree that the District shall not act as fiscal agent for the Pacific School.
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FISCAL RELATIONSHIPS. A. To the extent that the District is required to submit financial forms on behalf of the Charter School, the Charter School is responsible for providing the necessary information to the District in a timely manner and in a format acceptable to the District. The Charter School agrees to follow processing schedules and District business office procedures.
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Related to FISCAL RELATIONSHIPS

  • Banking Relationships Schedule 3.22 shows the names and locations of all banks, trust companies and other financial institutions in which the Company has accounts, lines of credit or safety deposit boxes and, with respect to each account, line of credit or safety deposit box, the names of all Persons authorized to draw thereon or to have access thereto.

  • Lending Relationships Except as disclosed in the Pricing Disclosure Package, Registration Statement and the Prospectus, the Company (i) does not have any material lending or other relationship with any bank or lending affiliate of the Underwriters and (ii) does not intend to use any of the proceeds from the sale of the Securities hereunder to repay any outstanding debt owed to any affiliate of the Underwriters.

  • Other Relationships Any Agent and any other person, whether or not acting for itself, may acquire, hold or dispose of any Note, Coupon, Talon or other security (or any interest therein) of the Issuer or any other person, may enter into or be interested in any contract or transaction with any such person, and may act on, or as depositary, trustee or agent for, any committee or body of holders of securities of any such person, in each case with the same rights as it would have had if that Agent were not an Agent and need not account for any profit.

  • Relationships Nothing contained in this Agreement shall be deemed to constitute either party a partner, joint venturer or employee of the other party for any purpose.

  • Customer Relationships The Executive understands and acknowledges that the Company has expended significant resources over many years to identify, develop, and maintain its clients. The Executive additionally acknowledges that the Company’s clients have had continuous and long-standing relationships with the Company and that, as a result of these close, long-term relationships, the Company possesses significant knowledge of and confidential information about its clients and their needs. Finally, the Executive acknowledges the Executive’s association and contact with these clients is derived solely from Executive’s employment with the Company. The Executive further acknowledges that the Company does business throughout the United States and that the Executive personally has significant contact with the Company’s clients and customers solely as a result of Executive’s relationship with the Company.