Common use of GENERAL FISCAL ASSURANCES Clause in Contracts

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.

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 rental assistance system operated by Provider. 16 Administration costs 16 shall be measured on a fiscal year basis and based on the 17 information reported in 17 the Revenue and Expenditure Reports and reviewed by 18 North Sound BH-ASO.