Payment for Fiscal Agent Services. The Fiscal Agent shall be compensated for services rendered up to a maximum of four percent (4.0 %) of the total grant funds. At the end of each quarter, four percent (4.0 %) of all Funds distributed by the Fiscal Agent on behalf of the the preceding quarter, shall be withdrawn from the Funds account, as payment for Fiscal Agent fees. The amount of the Fiscal Agent fees withdrawn shall be reported in Funds receipt and distribution.
Payment for Fiscal Agent Services. The Fiscal Agent shall be compensated for services rendered up to a maximum of four percent (4.0 %) of the total grant funds. At the end of each quarter, four percent (4.0 %) of all Funds distributed by the Fiscal Agent on behalf of the Chancellor’s Office for the ADT Campaign during the preceding quarter, shall be withdrawn from the Funds account, as payment for Fiscal Agent fees. The amount of the Fiscal Agent fees withdrawn shall be reported in the following quarter’s report. A full accounting of Fiscal Agent fees will also be reported each month, as a separate line item in the Fiscal Agent’s monthly reports of Funds receipt and distribution.
Payment for Fiscal Agent Services. The Fiscal Agent shall be compensated for services rendered up to a maximum of four percent (4.0 %) of the total grant funds. At the end of each quarter, four percent (4.0 %) of all Funds distributed by the Fiscal Agent on behalf of the California Adult Education Program during the preceding quarter, shall be withdrawn from the Funds account, as payment for Fiscal Agent fees. The amount of the Fiscal Agent fees withdrawn shall be reported in the following Funds receipt and distribution.
Payment for Fiscal Agent Services. CLPCCD shall be compensated for services rendered up to a maximum of five percent (5.0 %) of the distributed Funds, up to $14,286, of the total grant funds. At the end of each quarter, five percent (5.0 %) of all Funds distributed by CLPCCD on behalf of the A2MEND for the College Futures Foundation Grant/A2MEND during the preceding quarter, shall be withdrawn from the Funds account, as payment for CLPCCD fees. The amount of Fiscal Agent fees withdrawn shall be reported in the following quarter’s report. A full accounting of Fiscal Agent fees will also be reported each month, as a separate line item in CLPCCD’s monthly reports of Funds receipt and distribution.
