Payment Disbursements. Subaward funds will be disbursed according to the schedule in the Period of Performance, Article II below, subject to the conditions of this Subaward.
Payment Disbursements. All restitution and fee revenues shall be distributed along the following guidelines: REVENUE TYPE DISBURSEMENT CYCLE Victim Restitution Distributed by check to victim upon receipt of payment at the close of each month. District Attorney’s revenue County withdraws automatically share of each month for the prior month’s receipts Contractor Revenue Share Disburse weekly. The Contractor shall prepare and submit a monthly reconciliation of the bank account at the end of each month, reconciling the Contractor’s accounting records to the bank statement balance. Any unidentified payment received by the Contractor from bad check writers shall be submitted to the County within 60 days. The Contractor is authorized to enter installment restitution repayment agreements with bad check writers provided that the Contractor not extend any such agreements past six months without County approval. The Contractor shall maintain financial statements generated by the computer software application, including balance sheets, income statements, disbursements and receipts journals, checkbook register, and account receivables and accounts payable ledgers. The Contractor shall maintain and submit to the County a policies and procedures manual describing computer and manual fiscal operations. The County may change these fiscal reporting requirements as needed, at any time. Payment Allocation When partial payments are received, victims shall be allocated 70% of every payment until restitution is paid in full. The remaining 30% shall be allocated to class fees, then administrative fees, in that order. The following distribution priority shall be used:
Payment Disbursements. Recipient agrees to immediately deposit and hold all funds received from ADCNR in a segregated, interest bearing account or accounts approved by ADCNR until such time as Recipient uses the funds for the purposes of this Agreement. All funds disbursed to Recipient pursuant to this Agreement, as well as any interest earned, are to be used in strict accordance with the terms and conditions of this Agreement. Recipient agrees to return, refund, or repay to ADCNR any sum, including interest earned, that ADCNR determines represents an overpayment or represents funds not used in compliance with the terms of this Agreement. ADCNR will make this determination based on the financial balance reporting requirements outlined in Attachment A. Within 30 days after ADCNR requests in writing the return of an identified sum, Recipient shall return, refund, or repay the identified sum. Within 30 days of the expiration or termination of this Agreement, any portion of the funds not expended or obligated in accordance with this Agreement shall be returned to ADCNR by Recipient, together with any interest earned since the date of receipt of funds.
Payment Disbursements. 1. Subrecipient must incur and pay costs in accordance with the Approved Budget attached hereto as Attachment 2 (the “APPROVED BUDGET”) and for the performance of the Approved Activities described in Attachment 3 hereto (the “APPROVED ACTIVITIES”); however, BEAM shall only reimburse Subrecipient for documented eligible expenditures that are: (i) reasonable and necessary to carry out the scope of Approved Activities; (ii) documented by contracts or other evidence of obligation consistent with established BEAM and Subrecipient procedures; (iii) incurred in accordance with all applicable requirements for the expenditure of funds payable hereunder; (iv) not paid from Program Income; and (v) not in excess, in the aggregate, of the amount of the Subaward.
