Fiscal Services Clause Samples

Fiscal Services. The School agrees that its Fiscal Officer shall be its licensed school Treasurer, currently disclosed on Attachment 9.2. If the Governing Authority contracts with its Fiscal Officer to provide fiscal services, the fiscal services agreement must be included in Attachment 9.2. The School may not change its Fiscal Officer without prior written approval from the Sponsor, which will not be unreasonably withheld. Any changes to the fiscal services agreement must be reported to the Sponsor within five (5) business days. If the School and the Sponsor have waived the requirement of employing or contracting directly with the Fiscal Officer, pursuant to R.C. 3314.011(D), the current resolution waiving this requirement must be attached to this Contract in Attachment 9.2. Such resolution shall only be valid for one year, and any subsequent resolution adopted by the School must be approved by the Sponsor and submitted to the DEW. Should the School be declared unauditable under R.C. 3314.51, the Governing Authority shall, and shall cause its operator to (if applicable), suspend and replace the Fiscal Officer, and require his/her dedication to assist any replacement fiscal officer(s). The School agrees that the fiscal services agreement will state that the Fiscal Officer is primarily responsible for the financial and audit portions of the closing procedures if the School closes. The Governing Authority must authorize that the Fiscal Officer and the Fiscal Officer’s agreement remain in effect in order to proceed to close the School. If the School closes or is permanently closed, the Fiscal Officer shall deliver all financial and enrollment records to the Sponsor within thirty days of the School's closure. If the Fiscal Officer fails to provide the records in a timely manner, or fails to faithfully perform any of the Fiscal Officer's other duties, the Sponsor has the right to take action against the Fiscal Officer to compel delivery of all financial and enrollment records of the School and shall, if necessary, seek recovery of any funds owed as a result of any finding of recovery by the Auditor of State against the Fiscal Officer.

Fiscal Services. The District and the Charter School agree that the District shall not act a 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 contract with the District for services by way of a separate written agreement. 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.

Fiscal Services. 2.1. Prepare a recommended annual budget 60 days prior to year-end. The budget shall be based on prior operating expenditures, estimated future expenses, and required or needed capital reserves. IMC shall not be responsible for any discrepancies between the budget and actual expenses, the budget being an estimate to be used only as a guide. The budget shall be submitted to the Board for its consideration and adoption. 2.2. Account for all assessments and other charges due by or received from Owners.

Fiscal Services. The Company will reimburse the Executive for fiscal advice and for tax and accounting assistance in filing yearly returns for himself, up to a maximum yearly amount of U.S. $5,000.

Fiscal Services. Accounting Electronic Records Management Auditing Employee Benefits Bookkeeping Filing Business Communications Municipal Finance Business English Spreadsheet Applications Business Law Windows Software Applications Business Math Worker’s Compensation

Fiscal Services. (1) Prepare and electronically submit Board approved budget. (2) Perform accounting functions to enable the Board to operate as a State agency. (3) Monitor fund investment. (4) Deposit revenue into Nebraska Dairy Industry Development Cash Fund. (5) Prepare revenue and expenditure documents. (6) Review expenditures for compliance with State guidelines. (7) Prepare a monthly summary of revenue and expenditure fiscal report. (8) Maintain records in accordance with State record retention schedule and LB 429 of 2013 related to State contracts.

Fiscal Services. 2.2.1 Prepare a proposed draft of the annual Budget. The Budget shall be based on prior operating expenditures, estimated future expenses, and required or needed reserves for capital replacement or improvements as determined by the Board of Directors (based on the advice provided by MAC GROUP) and shall comply with the Governing Documents and contain a statement setting forth each Owner's monthly share thereof. MAC GROUP shall not be responsible for any discrepancies between the Budget and actual expenses; however, the Budget shall be a good faith estimate of the expected actual expenses for the upcoming fiscal year of the Association. The Budget shall be submitted to the Board of Directors for its consideration and approval on or before December 1 of each year. MAC GROUP shall promptly alert the Board of Directors if it appears that the proposed annual Budget is going to exceed the previous annual Budget by more than 30% (in which case approval by the affirmative vote of the Owners holding a majority of the votes of the members of the Association voting at the meeting called to consider such matter will be required in accordance with the Declaration). If such an Owner vote is required, MAC GROUP will organize, conduct and take all other required actions relating to such meeting. Upon the finalization of the annual Budget, MAC GROUP shall distribute the Budget to each Owner in accordance with the Governing Documents. 2.2.2 Account for all Assessments and other charges due by or received from Owners and deposit such amounts in the Association's applicable bank accounts. 2.2.3 Maintain checking, savings and other investment accounts in the name of the Association at a bank mutually agreed upon by the Board of Directors and MAC GROUP with at least two members of the Board being amongst the authorized signatories on behalf of the Association and maintain records thereof; each of such accounts to be separate and apart from all accounts of other association’s served by MAC GROUP and the amounts therein shall not be commingled with any funds of other associations served by MAC GROUP or funds of MAC GROUP. A separate account shall be set up to contain all portions of the Association's reserve funds and the Working Capital Contributions made by Owners (the "Reserve Account"). MAC GROUP hereby agrees and acknowledges that the Reserve Account cannot be used to pay operational expenses of the Association until after the period of Declarant Control terminates. MAC GROU...

Fiscal Services. If Item No.5 is checked and tJ1ere is a request felr payment of equipment, completion of Section Ills a prerequisite for payment) Comments: Signature of department head or representalive D▇▇▇ SECTION Il (Contractor and Agency to complete onlv when there is a request for paYment of equipment as defined in /tem No.3 above) Contractor: 6. Two (2) copies of the detaned Jist of eqUipment are attached and includes the following information: deSCription, make, mode~ serial number, quantity. cost. indication of whether or not it is movable or removable, and the specific location of the eqUipment such as the room number. See Item NO.9 for a sample of the detailed list. Signature of cOlllractor or representative Date Agency: Check the appropriate box: 7. 0 Federal funds are not being used to partially or to~ally reimburse, or pay, for the eqUipment. 8. 0 Federal funds are being used to partially or totally reimburse, or pay, for the equipment. SlgnalUlB of deparlmenl head or representative Date For additional information: Contact the Property Management & Disposal Section, Purchasing Division, BF5. 808.528-4781. FOIm BFS.P-79 6101104 miS<'JconsIrUCflon.eqpmt rpt.doc Dlslrlbution at payment trom Fiscal to: 1)

Fiscal Services. The District shall provide Charter School with the following fiscal services: a. Accounting support and coordination with outside entities in establishing a chart of accounts, account code structure, and financial ledgers, maintenance and posting of all financial transactions to the Charter School’s ledgers, preparation of needed financial reports, including monthly cash flow and balance sheets, monthly reconciliation to bank statements and annual reports and statements. b. Accounts receivable and payable, including processing of all purchase orders and check requests in a timely fashion, preparation and deposit of all deposits, and posting relevant information to appropriate ledgers. c. Categorical programs compliance support, including preparation of reports required by state and/or federal regulations to demonstrate compliance with the terms of grants or other revenue allocations.