General Fund Management Sample Clauses
The General Fund Management clause outlines how the general funds of an organization or entity are to be handled, overseen, and allocated. It typically specifies who is responsible for managing the funds, the procedures for authorizing expenditures, and the requirements for record-keeping and reporting. For example, it may require that all disbursements be approved by a designated officer and that regular financial statements be prepared for review. The core function of this clause is to ensure transparency, accountability, and proper stewardship of the organization's financial resources.
General Fund Management a. Provide appropriate personnel, office facilities, information technology, record keeping and other resources as necessary for the Administrator to perform its duties and responsibilities under this agreement;
b. Act as liaison among all Fund service providers.
General Fund Management. (1) Act as liaison among Trust service providers, including but not exclusive to Funds’ investment adviser(s), investment sub-adviser(s), authorized participants, external legal counsel, independent audit firms and external compliance consultants.
General Fund Management a. Provide appropriate personnel, office facilities, information technology, record keeping and other resources as necessary for UMBFS to perform its duties and responsibilities under this agreement;
b. Act as liaison among all Fund service providers.
General Fund Management. 1. Act as liaison among all Fund service providers.
2. Provide appropriate personnel, office facilities, information technology, record keeping and other resources as necessary for the Administrator to perform its duties and responsibilities under this Agreement.
3. Coordinate board activities by:
a. Assisting in establishing meeting agendas.
b. Preparing board reports based on financial and administrative data.
c. Securing and monitoring director and officers liability coverage.
4. Coordinate shareholder meetings by:
a. Assisting in the preparation and mailing of shareholder communications, including proxy materials.
b. Assisting with the scheduling and conduct of shareholder meetings.
5. Website
a. Monitor website for compliance and accuracy.
b. Update on a monthly basis with current information.
c. Maintain back-up of website on a monthly basis.
6. Assist in the overall operations of the Fund.
General Fund Management. (1) Act as liaison among Fund service providers, including, but not limited to, the Fund’s investment adviser, external legal counsel, accounting and audit firms and external compliance consultants.
(2) Supply:
a. Office facilities (which may be in USBFS’, or an affiliate’s or the Fund’s own offices).
b. Non-investment-related statistical and research data as requested.
(3) Coordinate the Fund’s board of trustees (the “Board of Trustees”) or the “Trustees”) communications, such as:
a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel.
b. Prepare reports for the Board of Trustees based on financial and administrative data.
c. Assist with the selection of the independent auditor.
d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto.
e. Prepare minutes of meetings of the Board of Trustees, committees of the Board of Trustees, as agreed upon by both parties and Fund shareholders.
f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders.
g. Attend Board of Trustees meetings and meetings of committees of the Board of Trustees, as agreed upon by both parties and present materials for Trustees’ review at such meetings.
General Fund Management. (1) Act as liaison among Fund service providers.
(2) Supply:
a. Office facilities (which may be in USBFS’s, or an affiliate’s, or the Fund’s own offices).
b. Non-investment-related statistical and research data as requested. FINAL
(3) Coordinate the Fund’s board of trustees’ (the “Board of Trustees” or the “Trustees”) communications, such as:
a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel.
b. Prepare reports for the Board of Trustees based on financial and administrative data.
c. Assist with the selection of the independent auditor.
d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto.
e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders.
f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders.
g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.
General Fund Management. (1) Act as liaison among Fund service providers, including, but not limited to, the Fund’s investment adviser, external legal counsel, accounting and audit firms and external compliance consultants.
(2) Supply:
a. Office facilities (which may be in USBFS’, or an affiliate’s or the Fund’s own offices).
b. Non-investment-related statistical and research data as requested.
(3) Coordinate the Fund’s board of directors (the “Board of Directors”) or the “Directors”) communications, such as:
a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel.
b. Prepare reports for the Board of Directors based on financial and administrative data.
c. Assist with the selection of the independent auditor.
d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto.
e. Prepare minutes of meetings of the Board of Directors, committees of the Board of Directors, as agreed upon by both parties, and Fund shareholders.
f. Recommend dividend declarations to the Board of Directors and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders.
g. Attend Board of Directors meetings and meetings of committees of the Board of Directors, as agreed upon by both parties, and present materials for directors’ review at such meetings.
General Fund Management. (1) Act as liaison among Fund service providers.
(2) Supply:
a. Office facilities (which may be in USBFS’, or an affiliate’s or the Fund’s own offices).
b. Non-investment-related statistical and research data as requested.
(3) Coordinate the Fund’s board of trustees (the “Board of Trustees” or the “Trustees”) communications, such as:
a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel.
b. Prepare reports for the Board of Trustees based on financial and administrative data.
c. Assist with the selection of the independent auditor.
d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto.
e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders.
f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders.
g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings.
General Fund Management. (1) Act as liaison among Fund service providers.
(2) Supply:
a. Office facilities (which may be in USBFS’ or an affiliate’s own offices).
b. Non-investment-related statistical and research data as requested.
(3) Coordinate the Fund’s board of trustees (the “Board of Trustees” or the “Board”) communications, such as:
a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel.
b. Prepare reports for the Board of Trustees based on financial and administrative data.
c. Assist with the selection of the independent auditor.
d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto.
e. Prepare minutes of meetings of the Board of Trustees and Fund shareholders.
f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders.
g. Attend Board of Trustees meetings and present materials for the Board’s review at such meetings.
General Fund Management. (1) Act as liaison among the Funds’ service providers.
(2) Supply:
a. Corporate secretarial services.
b. Office facilities (which may be in USBFS’, or an affiliate’s, own offices).
c. Non-investment-related statistical and research data as needed.
(3) Coordinate the Funds’ board of trustees (the “Board of Trustees” or the “Trustees”) communications, such as:
a. Prepare meeting agendas and resolutions, with the assistance of Fund counsel.
b. Prepare reports for the Board of Trustees based on financial and administrative data.
c. Evaluate independent auditor.
d. Secure and monitor fidelity bond and director and officer liability coverage, and make the necessary Securities and Exchange Commission (the “SEC”) filings relating thereto.
e. Prepare minutes of meetings of the Board of Trustees and the Funds’ shareholders.
f. Recommend dividend declarations to the Board of Trustees and prepare and distribute to appropriate parties notices announcing declaration of dividends and other distributions to shareholders.
g. Attend Board of Trustees meetings and present materials for Trustees’ review at such meetings including preparation and distribution of the Board of Trustees books for such meetings.
(4) Audits:
a. Prepare appropriate schedules and assist independent auditors.
b. Provide information to the SEC and facilitate audit process.
c. Provide office facilities.
(5) Assist in overall operations of the Funds.
(6) Pay the Funds’ expenses upon written authorization from the Funds.
(7) Keep the Funds’ governing documents, including its charter, bylaws and minute books, but only to the extent such documents are provided to USBFS by the Funds or their representatives for safe keeping.