GENERAL FISCAL ASSURANCES Sample Clauses

GENERAL FISCAL ASSURANCES. ‌ 3 Provider shall comply with all applicable laws and standards, including Generally Accepted 4 Accounting Principles and maintain, at a minimum, a financial management system that is a 5 viable, single, integrated system with sufficient sophistication and capability to effectively and 6 efficiently process, track and manage all fiscal matters and transactions. The parties’ 7 respective fiscal obligations and rights set forth in this section shall continue after termination 8 of this Contract until such time as the financial matters between the parties resulting from this 9 Contract are completed. 10 11 5.2 FINANCIAL ACCOUNTING REQUIREMENTS‌ 12 Provider shall: 14 5.2.1 Limit Administration costs to no more than 15% of the annual revenue supporting 15 the public behavioral health system operated by Provider. Administration costs 16 shall be measured on a fiscal year basis and based on the information reported in 17 the Revenue and Expenditure Reports and reviewed by North Sound BH-ASO.
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GENERAL FISCAL ASSURANCES. ‌ 3 Provider shall comply with all applicable laws and standards, including Generally Accepted 4 Accounting Principles and maintain, at a minimum, a financial management system that is a 5 viable, single, integrated system with sufficient sophistication and capability to effectively and 6 efficiently process, track and manage all fiscal matters and transactions. The parties’ 7 respective fiscal obligations and rights set forth in this section shall continue after termination 8 of this Contract until such time as the financial matters between the parties resulting from this 9 Contract are completed.
Sample 1Sample 2Sample 3See All (7)
GENERAL FISCAL ASSURANCES. ‌ 3 Provider shall comply with all applicable laws and standards, including Generally Accepted 4 Accounting Principles and maintain, at a minimum, a financial management system that is a 5 viable, single, integrated system with sufficient sophistication and capability to effectively and 6 efficiently process, track and manage all fiscal matters and transactions. The parties’ 7 respective fiscal obligations and rights set forth in this section shall continue after termination 8 of this Contract until such time as the financial matters between the parties resulting from this 9 Contract are completed. 10 11 5.2 FINANCIAL ACCOUNTING REQUIREMENTS‌ 12 Provider shall: 14 5.2.1 Limit Administration costs to no more than 15% of the annual revenue supporting 15 the public behavioral health system operated by Provider. Administration costs 16 shall be measured on a fiscal year basis and based on the information reported in 17 the Revenue and Expenditure Reports and reviewed by North Sound BH-ASO. 18 5.2.2 The Provider shall establish and maintain a system of accounting and internal 19 controls which complies with generally accepted accounting principles 20 promulgated by the Financial Accounting Standards Board (FASB), the 21 Governmental Accounting Standards Board (GASB), or both as is applicable to the 22 Provider’s form of incorporation. 23 5.2.3 Ensure all North Sound BH-ASO funds, including interest earned, provided pursuant 24 to this Contract, are used to support the public behavioral health system within the 25 Service Area; 26 5.2.4 Ensure under no circumstances are individuals charged for any covered services, 27 including those out-of-network services purchased on their behalf; 28 5.2.1 Produce annual, audited financial statements upon completion and make such 29 reports available to North Sound BH-ASO upon request. 32 Provider shall provide the following reports to North Sound BH-ASO: 34 5.2.5.1.1 The North Sound BH-ASO shall reimburse the Provider for 35 satisfactory completion of the services and requirements 36 specified in this Contract and its attached exhibit(s). 37 5.2.5.1.2 The Provider shall submit an invoice and all accompanying 38 reports as specified in the attached exhibit(s), including its 39 final invoice and all outstanding reports. The North Sound 40 BH-ASO shall initiate authorization for payment to the 41 Provider not more than 30 days after a complete and 42 accurate invoice is received. 1 5.2.5.1.3 The Provider shall submit its final ...
Sample 1Sample 2
GENERAL FISCAL ASSURANCES. ‌ 4 The Contractor shall comply with all applicable laws and standards, including Generally 5 Accepted Accounting Principles and maintain, at a minimum, a financial management 6 system that is a viable, single, integrated system with sufficient sophistication and 7 capability to effectively and efficiently process, track and manage all fiscal matters and
Sample 1Sample 2
GENERAL FISCAL ASSURANCES. ‌ 4 The Provider shall comply with all applicable laws and standards, including Generally 5 Accepted Accounting Principles and maintain, at a minimum, a financial management 6 system that is a viable, single, integrated system with sufficient sophistication and 7 capability to effectively and efficiently process, track and manage all fiscal matters and
Sample 1

Related to GENERAL FISCAL ASSURANCES

  • General Assurances In accordance with the Acts, the Regulations, and other pertinent directives, circulars, policy, memoranda, and/or guidance, the Recipient hereby gives assurance that it will promptly take any measures necessary to ensure that: The Civil Rights Restoration Act of 1987 clarified the original intent of Congress, with respect to Title VI and other Non-discrimination requirements (The Age Discrimination Act of 1975, and Section 504 of the Rehabilitation Act of 1973), by restoring the broad, institutional-wide scope and coverage of these non-discrimination statutes and requirements to include all programs and activities of the Recipient, so long as any portion of the program is Federally assisted.

  • Financial Assurances The following financial assurances are applicable to all grant funds unless the Targeted Grant requirements specifically state the contrary: 1. Separate accountability for the receipt and expenditure of all grant funds under the Contract is maintained for each grant from which the Grantee receives funds. 2. Expenditures reported to the Department are in agreement with the Grantee's accounting records and audited expenditures in each budget category. 3. Expenditures are made in accordance with the Expenditure Guidelines contained in Appendix I of this document and are supported by written documentation. 4. Salary expenditures under each grant are verified and supported by appropriate documentation for hours worked, activities performed, and leave taken. Employees whose salaries are funded 100% out of state funds shall be dedicated to juvenile justice programs and services only. 5. All travel expenses are supported by daily documentation of the individual traveling. The Grantee shall document date, destination, times, mileage or odometer readings, and related travel activities. 6. Travel reimbursements paid with the grant funds, including travel allowances paid in lieu of mileage, are paid according to county policy and do not exceed travel reimbursement rates adopted by the county or p xx xxxx, lodging, and travel reimbursement rates established by the State of Texas in the General Appropriations Act. 7. The grant funds used for residential expenditures are paid for placement of a juvenile in a pre-adjudication detention secure facility, a short-term secure detention facility, a post-adjudication secure correctional facility, or a non-secure correctional facility, operated by or under the authority of the Grantee or another governmental entity. 8. The grant funds used for residential child-care facilities and out-of-state residential placement facilities do not exceed the Health and Human Services Commission’s Levels of Care Rates [TJJD-IVE-200]. This financial assurance does not apply to facilities that are registered with the Department. 9. The grant funds used for Department-registered facilities dodo not exceed the Tier Level of Care Rates for Registered Facilities [TJJD-FIS-175]. 10. The grant funds are not expended for the purchase of equipment, renovation, or construction unless explicitly authorized by the Department within any Targeted Grant requirements. An item is equipment if county policy requires it to be capitalized or, if the county has no policy, it has a useful life of more than one year and a cost of more than $8,000.00. 11. Authorized capital purchases are capitalized and depreciated within the county accounting system. 12. Proper cut-off procedures are observed at the end of each fiscal period. Obligations of the fiscal period under review are not paid from funds of a subsequent fiscal period. Obligations of a subsequent fiscal period are not prepaid from funds of a fiscal period under review. A modified accrual basis of accounting is only used in preparing fourth quarter expenditure reports to the Department. 13. Refunds and reimbursements are properly accounted for as reductions of expenditures rather than as increases in revenues. 14. Any funds not expended under the terms of each grant were/are returned to the Department according to the Unexpended Balances and Refunds Due provisions contained in Subsections VIII (D) (2) and VIII (D) (4), respectively. 15. The amount of local or county funds expended, excluding construction and/or renovation for juvenile services, is at least equal to or greater than the amount spent in the 1994 county fiscal year. 16. All employees with access to monies are covered by surety bonds. 17. All county and state transactional funds, revenues, and expenses are separated. 18. Idle funds are invested in an account that provides a reasonable interest rate and provides necessary protection of principal. Interest on grant funds is credited to the account of the juvenile probation department for the provision of juvenile probation services and juvenile justice programs.

  • FEDERAL ASSURANCES Grantee further certifies that, to the extent Federal Assurances are incorporated into the Contract under the Signature Document, the Grantee has reviewed the Federal Assurances and that Grantee is in compliance with all requirements.

  • State Assurances Except to the extent of any conflict under applicable law or requirements or guidelines of any federal awarding agency from which funding for this Grant Agreement originated, the Grantee must comply with the applicable state assurances included within the TxGMS which are incorporated here by reference.

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