Common use of Payment and Reporting Requirements Clause in Contracts

Payment and Reporting Requirements. Grantee must ensure expenditures reported comply with the Allowable Cost document provided by PHC. Grantee must retain documentation for each expense. If PHC requests additional information or documentation of expenses, Grantee must respond to the request within seven (7) business days. a. In the Financial Report, Grantee must report expenses of at least 75% of all available grant funds (funds that have already been disbursed as well as the next payment for which Xxxxxxx is eligible to request reimbursement). If Grantee has not spent at least 75% of available funds, unless there are extenuating circumstances, PHC may not approve the next payment until the Grantee submits a plan detailing its intended use of the remaining funds, including amount, estimated date of expense or purchase, allowable cost category and the description of the planned expense or purchase.

Payment and Reporting Requirements. Grantee must ensure expenditures reported comply with the PHC Allowable Cost Costs document provided by PHCfound on xxx.xxxxxxxxxxx.xxx. Grantee must retain documentation for each expense. If PHC requests additional information or documentation of expenses, Grantee must respond to the request within seven (7) business days. a. In the Financial Report, Grantee must report expenses of at least 75% of all available grant funds (funds that have already been disbursed as well as the next payment for which Xxxxxxx is eligible to request reimbursement). If Grantee has not spent at least 75% of available funds, unless there are extenuating circumstances, PHC may not approve the next payment until the Grantee submits a plan detailing its intended use of the remaining funds, including amount, estimated date of expense or purchase, allowable cost category and the description of the planned expense or purchase.