Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement shall be used only for the project as described in the application and award documentation. Therefore, should the project not be completed, the Subrecipient shall reimburse said funds directly to the AZDOHS immediately. If the project is completed at a lower cost than the original budget called for, the amount reimbursed to the Subrecipient shall be for only the amount of dollars actually spent by the Subrecipient in accordance with the approved application. For any funds received under this Agreement for which expenditure is disallowed by an audit exemption or otherwise by the AZDOHS, the State, or Federal government, the Subrecipient shall reimburse said funds directly to the AZDOHS immediately.
Fiscal Responsibility. The County must demonstrate the ability to safeguard public funds including maintaining books, records, documents and other materials relevant to the provision of goods and services.
Fiscal Responsibility. The Contractor must demonstrate the ability to safeguard public funds including maintaining books, records, documents and other materials relevant to the provision of goods and services.
Fiscal Responsibility. It is understood and agreed that the total amount of the funds used under this Agreement up to the maximum limit allowed under this agreement shall be used for the Project outlined in this Agreement. Should the Project not be completed, be partially completed, or completed at a lower cost than the original budget, the amount reimbursed to Subrecipient shall be only for the amount actually spent by Subrecipient. For any funds received under this Agreement for which expenditure is disallowed, Subrecipient shall reimburse those funds back to the City. Subrecipient acknowledges that the funds being provided by the City for the Project are received by the City pursuant to the Housing and Community Development Act of 1974 as amended and that expenditures of these funds shall be in accordance with the provisions of the Act and all pertinent regulations issued by agencies of the federal government. Subrecipient agrees to comply fully with all federal, state, and local laws applicable to its operation, whether or not expressly referred to in this Agreement. All activities funded with CDBG-NDR funds must meet the criteria for one of the CDBG program’s National Objectives. The Subrecipient certifies that the activities carried out under this agreement shall meet the following national objectives and satisfy the following criteria: Low and Moderate-Income Housing- Subrecipient must satisfy the requirements under 24 CFR 570.208(a)(3). Subrecipient shall maintain documentation to demonstrate compliance. Documentation shall be maintained to demonstrate all units are occupied by LMI households.
Fiscal Responsibility. Maintain a fiscal year as a calendar year in compliance with SDA’s bylaws. Maintain a separate checking account for CHAPTER business. Provide SDA with a balance sheet and income statement by March 15 of each year.
Fiscal Responsibility. We have a joint responsibility to utilize resources effectively, maintain a balanced budget, and ensure resources are best used to help all members of the school system reach their potential.
Fiscal Responsibility. ° create and manage the Project budget; and ° secure adequate cash and in-kind partners; and ° prepare and submit quarterly progress reports and the Project final report to the City.
Fiscal Responsibility. 13.1 The Operator agrees to keep and maintain, at its office in the Facility, separate and independent records, in accordance with generally accepted accounting principles, devoted exclusively to its Facility management operations in the City of Overland Park, Kansas. Said books, ledgers, journals, accounts, and records shall contain all entries reflecting the business operations of the Operator under this Agreement. All of the foregoing records shall be open for examination and audit by the Contract Administrator or City designated and authorized agents or personnel during the Operator’s ordinary business hours.
Fiscal Responsibility. On a quarterly basis, State will review agency financial records that support requests for reimbursement.
Fiscal Responsibility. The Board of Directors shall be responsible for an annual operating budget and such budget shall be limited to the anticipated income for a given budget period. The Board of Directors shall carry out the mandate and policies laid down by conventions, within one hundred eighty (180) days following adjournment, and shall have full power to take such actions as are necessary and expedient to attain maximum operating efficiency and to give substance to the purposes of the Union. At least twelve (12) months in advance, the Board of Directors shall fix the date and location of the regular biennial convention.
