Common use of Fiscal Responsibilities of GRANTEE Clause in Contracts

Fiscal Responsibilities of GRANTEE. GRANTEE shall: a. Appoint and submit to CITY, the name of a fiscal agent who shall be responsible for the financial and accounting activities of the GRANTEE, including the receipt and disbursement of GRANTEE funds. b. Establish and maintain a system of accounts that shall be in conformance with generally accepted principles of accounting for budgeted funds. Such system of accounts shall be subject to review and approval of CITY. c. Document all costs by maintaining complete and accurate records of all financial transactions, including but not limited to contracts, invoices, time cards, cash receipts, vouchers, cancelled checks, bank statements and/or other official documentation evidencing in proper detail the nature and propriety of all charges. d. Submit to the CITY, within fifteen (15) working days of the end of the preceding month, requests for reimbursement, together with documentation required by CITY. e. Certify insurability subject to CITY approval as outlined in EXHIBIT G entitled "INSURANCE." f. Submit to HUD or CITY at such times and in such forms as HUD or CITY may require, such statements, records, reports, data, and information pertaining to matters covered by this Agreement. g. Comply with 2 CFR Part 200 and adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred. PATH – Emergency Interim Housing Program at Xxxxx Xxxx XX-19-013 T-39543/1733027 h. Administer all programs in conformance with 2 CFR Part 200, Subpart E, “Cost Principles.” These principles shall be applied for all costs incurred whether charged in a direct or indirect basis. i. If indirect costs are charged, the GRANTEE will develop an indirect cost allocation plan for determining the appropriate GRANTEE’s share of administrative costs and shall submit such plan to the CITY for approval.

Fiscal Responsibilities of GRANTEE. GRANTEE shall: a. Appoint and submit to CITY, the name of a fiscal agent who shall be responsible for the financial and accounting activities of the GRANTEE, including the receipt and disbursement of GRANTEE funds. b. Establish and maintain a system of accounts that shall be in conformance with generally accepted principles of accounting for budgeted funds. Such system of accounts shall be subject to review and approval of CITY. c. Document all costs by maintaining complete and accurate records of all financial transactions, including but not limited to contracts, invoices, time cards, cash receipts, vouchers, cancelled checks, bank statements and/or other official documentation evidencing in proper detail the nature and propriety of all charges.. PATH Fifth Amendment to Grant Agreement ESG-16-007E T-344.510.005/1437794_2 d. Submit to the CITY, within fifteen (15) working days of the end of the preceding month, requests for reimbursement, together with documentation required by CITY. e. Certify insurability subject to CITY approval as outlined in EXHIBIT G entitled "INSURANCE." f. Submit to HUD or CITY at such times and in such forms as HUD or CITY may require, such statements, records, reports, data, and information pertaining to matters covered by this Agreement. g. Comply with 2 CFR Part 200 and adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred. PATH – Emergency Interim Housing Program at Xxxxx Xxxx XX-19-013 T-39543/1733027. h. Administer all programs in conformance with 2 CFR Part 200, Subpart E, “Cost Principles.” These principles shall be applied for all costs incurred whether charged in a direct or indirect basis. i. If indirect costs are charged, the GRANTEE will develop an indirect cost allocation plan for determining the appropriate GRANTEE’s share of administrative costs and shall submit such plan to the CITY for approval.

Fiscal Responsibilities of GRANTEE. GRANTEE shall: a. 1. Appoint and submit to CITY, the name of a fiscal agent who shall be responsible for the financial and accounting activities of the GRANTEE, including the receipt and disbursement of GRANTEE funds. b. 2. Establish and maintain a system of accounts that shall be in conformance with generally accepted principles of accounting for budgeted funds. Such system of accounts shall be subject to review and approval of CITY. c. 3. Document all costs by maintaining complete and accurate records of all financial transactions, including but not limited to contracts, invoices, time cards, cash receipts, vouchers, cancelled canceled checks, bank statements and/or other official documentation evidencing in proper detail the nature and propriety of all charges.. PATH – Emergency Interim Housing Program at Xxxxx Xxxx XX-19-013 T-39543/1733027 d. 4. Submit to the CITY, within fifteen (15) working days of the end of the preceding month, requests for reimbursement, together with documentation required by CITY. e. 5. Certify insurability subject to CITY approval as outlined in EXHIBIT G entitled "to the AGREEMENT, titled “INSURANCE."” f. 6. Submit to HUD or CITY at such times and in such forms as HUD or CITY may require, such statements, records, reports, data, and information pertaining to matters covered by this AgreementAGREEMENT. g. Comply with 2 CFR Part 200 and adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred7. PATH – Emergency Interim Housing Program at Xxxxx Xxxx XX-19-013 T-39543/1733027 h. Administer all programs in conformance with 2 CFR Part 200, Subpart EOMB Circular A-122, “Cost PrinciplesPrinciples for Non-Profit Organizations.” These principles shall be applied for all costs incurred whether charged in a direct or indirect basis. i. 8. If indirect costs are charged, the GRANTEE will develop an indirect cost allocation plan for determining the appropriate GRANTEE’s share of administrative costs and shall submit such plan to the CITY for approval.

Fiscal Responsibilities of GRANTEE. GRANTEE shall: a. Appoint and submit to CITY, the name of a fiscal agent who shall be responsible for the financial and accounting activities of the GRANTEE, including the receipt and disbursement of GRANTEE funds. b. Establish and maintain a system of accounts that shall be in conformance with generally accepted principles of accounting for budgeted funds. Such system of accounts shall be subject to review and approval of CITY. c. Document all costs by maintaining complete and accurate records of all financial transactions, including but not limited to contracts, invoices, time cards, cash receipts, vouchers, cancelled checks, bank statements and/or other official documentation evidencing in proper detail the nature and propriety of all charges. d. Submit to the CITY, within fifteen (15) working days of the end of the preceding month, requests for reimbursement, together with documentation required by CITY. e. Certify insurability subject to CITY approval as outlined in EXHIBIT G entitled "INSURANCE." f. Submit to HUD or CITY at such times and in such forms as HUD or CITY may require, such statements, records, reports, data, and information pertaining to matters covered by this AgreementAGREEMENT. g. Comply with 2 24 CFR Part 200 84.21 – 28 and adhere to the accounting principles and procedures required therein, utilize adequate internal controls, and maintain necessary source documentation for all costs incurred. PATH – Emergency Interim Housing Program at Xxxxx Xxxx XX-19-013 T-39543/1733027. h. Administer all programs in conformance with 2 CFR Part 200, Subpart EOMB Circular A-122, “Cost Principles.” Principles for Non-Profit Organizations”. These principles shall be applied for all costs incurred whether charged in a direct or indirect basis. i. If indirect costs are charged, the GRANTEE will develop an indirect cost allocation plan for determining the appropriate GRANTEE’s share of administrative costs and shall submit such plan to the CITY for approval.