Monthly Financial Reporting a. Provide a monthly reporting package by the 20th day of the following month, assuming all necessary data is received from the school site on a timely basis, to ensure management has the necessary information to make sound business decisions
b. Create financial reporting package based on customized business segments. This includes budgets and forecasts as well.
c. Offer a menu of report options for the monthly financial reports including, but not limited to:
i. Monthly summary by financial section with bulleted highlights for presentation purposes
ii. Monthly Cash Flow Forecast and comparison to approved budget
iii. Budget vs. Actual Report (both current month and year-to-date)
iv. Schedule of Revenue and Expenses by Period v. Comparative Statement of Financial Position
Monthly Financial Reporting. As soon as available, but in any event within 30 days after the end of each month occurring during each Fiscal Year of the Borrower, the financial reporting substantially in the form as set out on Schedule "W" hereto, certified by a Responsible Officer as being fairly stated in all material respects. All such financial statements shall be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied (except as approved by such accountants or Responsible Officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout the periods reflected therein and with prior periods, except as required by rules of the SEC for interim financial statements. Information required to be delivered with respect to the Group Entities pursuant to Section 10.01 shall be deemed to have been delivered on the date on which such information has been posted on the Borrower's website on the Internet, at xxx.xxx.xxx, at xxx.xxxxx.xxx or at another website identified by the Borrower by notice to the Agent and accessible by the Lenders without charge.
Monthly Financial Reporting. Not later than the last business day of each month, GRANTEE shall submit to COMMISSION invoices detailing a schedule of monthly and year-to-date expenses incurred and paid (“actual expenses”) by GRANTEE during the previous month (e.g. expenses incurred in March shall be invoiced by April 30) in conducting the programs and services required under this Grant Agreement and based upon the budget set forth in Exhibit B. If required under the provisions of Exhibit A, GRANTEE shall attach any final reports to GRANTEE’s final invoice. An officer of GRANTEE shall verify each invoice under penalty of perjury. All properly completed invoices submitted by GRANTEE are collectively incorporated into this Grant Agreement as Exhibit F upon COMMISSION’s receipt of each invoice. GRANTEE shall address invoices to the COMMISSION staff per the instructions provided on the invoice form provided to GRANTEE from COMMISSION. If there are any errors contained in any invoice submitted to COMMISSION, GRANTEE shall describe and explain the error in GRANTEE’s subsequent invoice submitted to COMMISSION. COMMISSION shall review the invoices and notify GRANTEE within ten (10) business days of any disputed amounts. If GRANTEE fails to timely submit a properly completed invoice in accordance with this Section 10, COMMISSION shall not be liable for payment of invoice amounts on any invoice received by the COMMISSION more than ninety (90) calendar days following the invoice due date. GRANTEE’s submission of fraudulent invoices shall constitute a material breach of this Grant Agreement.
Monthly Financial Reporting. Furnish Agent within twenty (20) days after the end of each month, including the last month of the fiscal year an accounts receivable agings and a Borrowing Base Certificate in form and substance reasonably satisfactory to Agent, (which shall be calculated as of the last day of the prior month and which shall not be binding upon Agent or restrictive of Agent’s rights under this Agreement).
Monthly Financial Reporting. Within 30 days after the close of each monthly period that does not constitute the close of a quarterly or annual period, unaudited consolidated balance sheets as at the close of each such period and the related unaudited statements of operations and cash flows for the period from the beginning of such fiscal year to the end of such period, all certified by the Chief Financial Officer or other senior officer of the Borrower, together with the financial statements of the Company required under Section 4.01(a)(iii) of the Sale Agreement.
Monthly Financial Reporting. (a) Fixed assets reviewed and analyzed
(i) Agree fixed assets posted to Sun to the nominal ledger and post differences
(ii) Run monthly depreciation based on group policy
(iii) Prepare all journals relating to disposals and inter-company transfers of fixed assets
(iv) Prepare all fixed assets tax analysis and financial reporting schedules for year end
(v) Provide ad hoc information as and when requested
(b) Staff Season Ticket Loans and Personal Loans
(i) Provide details of new employee season ticket loans and personal loans
(ii) Update the loan balances
(iii) Reconcile the normal ledger to the balance advised by PBS posting adjustments as required
(iv) Query employee loans appearing as reconciling items for more than one month with PBS and make adjustments
(c) Inter-company Balances Reconciled
(i) Reconcile monthly all inter-company balances between all group companies and FT Interactive (Europe)
(ii) Notify management accountants of any unresolved or disputed balances and journal any necessary adjustments
(iii) Complete the inter-company matrix and send directly to FT Interactive Data Corporation
(d) Interface Payroll with Sun Ledgers
(i) Download payroll disk into FT Interactive (Europe) Sun ledger monthly
(ii) Allocate FT Interactive (Europe) payroll costs to ledger expense account and cost centres
Monthly Financial Reporting. Section 6.10 of the Loan Agreement is hereby amended by adding the following subsection:
Monthly Financial Reporting. Within 30 days following the last day of each calendar month ended at least 30 days before the Closing Date, the Company shall provide Buyer with a consolidated income statement, balance sheet and cash flow statement of the Company and the Company Subsidiaries for such month (collectively, the “Monthly Financial Statements”).
Monthly Financial Reporting. The Company shall, in addition to and without in any way limiting its obligations under the Purchase Agreement with respect to the Agreed Upon Reporting Requirements, provide the Holder, within ten (10) days following the end of each calendar month, with unaudited consolidated financial statements, including balance sheets and income statements, of the Company and its subsidiaries as of and for the period ending on the last day of such month.
Monthly Financial Reporting. Section 6.1(a) of the Agreement is hereby amended to read as follows:
(a) Within fifteen (15) days after the end of each calendar month ending January 31, February 28/29, April 30, May 31, July 31, August 31, October 31 and November 30, and forty five (45) days after the end of each calendar quarter ending March 31, June 30, September 30 and December 31 (i) financial and other information requested by Lender, including an internally-prepared (or publicly-filed, if available) statement of income and cash flow, balance sheet (and management letter, if the month end is also a Fiscal Quarter end), each of which shall provide comparisons to the prior year’s equivalent period and to the budgets provided to Lender, (ii) the certification of the chief financial officer of Borrower that all such financial statements and schedules are complete and correct and present fairly in accordance with GAAP (subject to normal year-end adjustments), the financial position, the results of operations and the statements of cash flows of Borrower as at the end of such month (and for the Fiscal Quarter just ended, if applicable), and that there was no Default or Event of Default in existence as of such time; and (iii) if the month end is also a Fiscal Quarter end, a certificate in the form attached hereto as Exhibit B, containing the certification of Borrower’s chief financial officer that Borrower has complied with all of the covenants set forth in Section 8.12 as of the end of such Fiscal Quarter;
