Common use of PROGRESS AND FINANCIAL REPORTING Clause in Contracts

PROGRESS AND FINANCIAL REPORTING. The Agency agrees to submit an annual workplan, as well as periodic progress and financial reports in form and content acceptable in accordance with the schedule set forth on Exhibits “B” and "C" attached hereto and incorporated herein by this reference. At a minimum, subject to requests for additional information, such progress reports shall include an evaluation of the Services and must indicate the amount or level of Services provided to City of Orlando residents. Moreover, the periodic reports shall be consistent with the Services detailed herein and shall identify expenditures associated with or related to the Funds. Failure to comply with the requirement for submission of such reports in form and content shall constitute grounds for termination of this Agreement and may result in the ineligibility of the Agency to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to receipt of any payment under this Agreement. 5. 501(c)3 STATUS. Agency represents and warrants to City that it has applied for and received tax exempt status from the United States Internal Revenue Service (“IRS”) as a 501(c)3 organization as evidenced by a determination letter from the IRS. A copy of the IRS letter approving Agency’s tax-exempt status shall be provided to the City prior to the distribution of any Funds to Agency. The Agency will maintain its tax-exempt status with the IRS and its status as an active entity in good standing with the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its IRS tax exempt status or its active or non-profit status with the State of Florida, it will immediately notify the City, and the City reserves the right to terminate this Agreement immediately and discontinue payments to the Agency.

PROGRESS AND FINANCIAL REPORTING. The Agency agrees to submit an annual workplan, as well as periodic progress and financial reports on a quarterly basis in form and content acceptable to the Director in accordance with the schedule set forth on Exhibits “Exhibit "B” and "C" attached hereto and incorporated herein by this reference. At a minimum, subject to requests for additional informationinformation by the Director, such progress reports shall include an evaluation of the Services and must indicate the amount or level of Services provided to City of Orlando residents. Moreover, the periodic quarterly reports shall be consistent with the Services detailed herein and shall identify expenditures associated with or related to the Funds. Failure to comply with the requirement for submission of such reports in form and content acceptable to the Director shall constitute grounds for termination of this Agreement and may result in the ineligibility of the Agency to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to receipt of any payment under this Agreement. 5. 501(c)3 STATUS. Agency represents and warrants to City that it has applied for and received tax exempt status from the United States Internal Revenue Service (“IRS”) as a 501(c)3 organization as evidenced by a determination letter from the IRS. A copy of the IRS letter approving Agency’s tax-exempt status shall be provided to the City prior to the distribution of any Funds to Agency. The Agency will maintain its tax-exempt status with the IRS and its status as an active entity in good standing with the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its IRS tax exempt status or its active or non-profit status with the State of Florida, it will immediately notify the City, and the City reserves the right to terminate this Agreement immediately and discontinue payments to the Agency.

PROGRESS AND FINANCIAL REPORTING. The Agency agrees to submit an annual workplan, as well as periodic progress and financial reports on a quarterly basis in form and content acceptable to the Advisor in accordance with the schedule set forth on Exhibits “Exhibit "B” and "C" attached hereto and incorporated herein by this reference. At a minimum, subject to requests for additional informationinformation by the Advisor, such progress reports shall include an evaluation of the Services and must indicate the amount or level of Services provided to City of Orlando residents. Moreover, the periodic quarterly reports shall be consistent with the Services detailed herein and shall identify expenditures associated with or related to the Funds. Failure to comply with the requirement for submission of such reports in form and content acceptable to the Advisor shall constitute grounds for termination of this Agreement and may result in the ineligibility of the Agency to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to receipt of any payment under this Agreement. 5. 501(c)3 STATUS. Agency represents and warrants to City that it has applied for and received tax exempt status from the United States Internal Revenue Service (“IRS”) as a 501(c)3 organization as evidenced by a determination letter from the IRS. A copy of the IRS letter approving Agency’s tax-tax exempt status shall be provided to the City prior to the distribution of any Funds to Agency. The Agency will maintain its tax-tax exempt status with the IRS and its status as an active entity in good standing with the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its IRS tax exempt status or its active or non-profit status with the State of Florida, it will immediately notify the City, and the City reserves the right to terminate this Agreement immediately and discontinue payments to the Agency.

PROGRESS AND FINANCIAL REPORTING. The Agency agrees to submit an annual workplan, as well as periodic progress and financial reports on a quarterly basis to the Assistant to Director in form and content acceptable to the Assistant to Director in accordance with the schedule set forth on Exhibits “Exhibit "B” and "C" attached hereto and incorporated herein by this reference. At a minimum, subject to requests for additional informationinformation by the Assistant to Director, such progress reports shall include an evaluation of the Services and must indicate the amount or level of Services provided to City of Orlando residents. Moreover, the periodic quarterly reports shall be consistent with the Services detailed herein and shall identify expenditures associated with or related to the Funds. Failure to comply with the requirement for submission of such reports in form and content acceptable to the Assistant to Director shall constitute grounds for termination of this Agreement and may result in the ineligibility of the Agency to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to receipt of any payment under this Agreement. 5. 501(c)3 STATUS. Agency represents and warrants to City that it has applied for and received tax exempt status from the United States Internal Revenue Service (“IRS”) as a 501(c)3 organization as evidenced by a determination letter from the IRS. A copy of the IRS letter approving Agency’s tax-tax exempt status shall be provided to the City prior to the distribution of any Funds to Agency. The Agency will maintain its tax-tax exempt status with the IRS and its status as an active entity in good standing with the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its IRS tax exempt status or its active or non-profit status with the State of Florida, it will immediately notify the City, and the City reserves the right to terminate this Agreement immediately and discontinue payments to the Agency.

PROGRESS AND FINANCIAL REPORTING. The Agency agrees to submit an annual workplan, as well as periodic progress and financial reports on a quarterly basis in form and content acceptable to the Director in accordance with the schedule set forth on Exhibits “Exhibit "B” and "C" attached hereto and incorporated herein by this reference. At a minimum, subject to requests for additional informationinformation by the Director, such progress reports shall include an evaluation of the Services and must indicate the amount or level of Services provided to City of Orlando residents. Moreover, the periodic quarterly reports shall be consistent with the Services detailed herein and shall identify expenditures associated with or related to the Funds. Failure to comply with the requirement for submission of such reports in form and content acceptable to the Director shall constitute grounds for termination of this Agreement and may result in the ineligibility of the Agency to receive contributions from the City. Completion of the prior year’s reporting requirements, if any, and submission of all required annual financial statements are a prerequisite to receipt of any payment under this Agreement. 5. 501(c)3 STATUS. Agency represents and warrants to City that it has applied for and received tax exempt status from the United States Internal Revenue Service (“IRS”) as a 501(c)3 organization as evidenced by a determination letter from the IRS. A copy of the IRS letter approving Agency’s tax-tax exempt status shall be provided to the City prior to the distribution of any Funds to Agency. The Agency will maintain its tax-tax exempt status with the IRS and its status as an active entity in good standing with the State of Florida throughout the term of this Agreement. If the Agency should, during the term of this Agreement, lose its IRS tax exempt status or its active or non-profit status with the State of Florida, it will immediately notify the City, and the City reserves the right to terminate this Agreement immediately and discontinue payments to the Agency.