FUNDS MANAGEMENT. The Subrecipient must maintain funds received under this Agreement in separate ledger accounts and cannot mix these funds with funds from other sources. The Subrecipient must manage funds according to applicable Federal regulations for administrative requirements, costs principles, and audits. The Subrecipient must maintain adequate business systems to comply with Federal requirements. The business systems that must be maintained are: • Financial Management • Procurement • Personnel • Property • Travel A system is adequate if it is 1) written; 2) consistently followed – it applies in all similar circumstances; and 3) consistently applied – it applies to all sources of funds.
FUNDS MANAGEMENT. Grantee will manage the Grant funds in accordance with applicable law and the provisions of this Agreement. Expenditures must be (i) consistent with the Grantee’s mission; (ii) necessary in order to effectively provide safety net human services; (iii) reasonable for the goods and services purchased; (iv) incurred during the Grant Period; and (v) satisfactorily recorded with supporting documentation.
FUNDS MANAGEMENT. Grantee will manage the Grant funds in accordance with applicable law and the provisions of this Agreement. Grantee may combine the Grant funds with other assets and funding sources for the execution of the Project. Grant funds will be used as described in the Grant Plan.
FUNDS MANAGEMENT. Within 60 days of this Agreement, the Bank shall submit to the Reserve Bank and the Department an acceptable written contingency funding plan that, at a minimum, includes appropriate adverse scenario planning and identifies and quantifies available sources of liquidity for each scenario.
FUNDS MANAGEMENT.
9.1 Application of this clause
FUNDS MANAGEMENT. Provider shall maintain records of all contracts, papers, correspondence, proofs of payment, ledgers, books, accounts, and other information relating to the payments made to Provider in connection with this Agreement for a period of two (2) years subsequent to the termination of this Agreement. VSUW or its designees may inspect, examine and review and make copies of such records at reasonable times during normal business hours.
FUNDS MANAGEMENT. 4.1. The Client agrees that Citfin deposits the Client’s funds in the Client Payment Account in Citfin’s Separate Account with financial institutions located in the Czech Republic or another EEA state separate from its own funds.
4.2. This section of the Framework Agreement has not been arranged.
FUNDS MANAGEMENT. The SUB‐RECIPIENT agrees that all funds paid through this contract are subject to the following:
a. Accounted for in a separate fund and accounting structure within the SUB‐RECIPIENT’s central accounting and / or grant management system. This shall include accounting for interest earned on these funds.
b. All accounts payable disbursements, check register disbursements and related transactions shall be managed in a detailed manner that supports fully transparent accounting of all financial transactions associated with funding allocations. The SUB‐RECIPIENT shall:
i. Certify that funds received or held were used for the intended purpose.
ii. Provide an accounting for funds received, interest earned, funds expended.
iii. Provide activities, accomplishments and performance measures.
iv. Provide a list of employees and the amount of state funds used for the employee’s annual salary.
v. Provide supporting invoices, contracts, payroll information or other documents to support expenditures.
c. Expenditures for travel mileage, meals, lodging and other travel expenses incurred in the performance of this Contract shall be reasonable and supported by documentation. State rates should be used as guidelines. International travel shall not be eligible under this Contract.
d. All Funds shall be disbursed in accordance with the following requirements:
i. Implement adequate internal controls over disbursements.
ii. Pre‐audit all vouchers presented for payment to determine:
a) Validity and accuracy of payment b) Payment due date
c) Adequacy of documentation supporting payment
FUNDS MANAGEMENT. Subrecipient must maintain funds received under this Agreement in a separate account and cannot mix these funds with funds from other sources. Subrecipient must manage funds according to applicable Federal regulations for administrative requirements, costs principles, and audits (2 CFR 200.302). Subrecipient must maintain adequate business systems to comply with Federal requirements.
FUNDS MANAGEMENT. Rocky Flats Closure Contract No. DE-AC34-00RF01904
