Project Financial Management Unit Sample Clauses

Project Financial Management Unit. 1. The Recipient shall maintain the PFMU, at all times during the implementation of the Project, with staff with qualifications, skills and experience and under terms of reference, satisfactory to the Bank.
Sample 1
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Project Financial Management Unit. The Recipient shall maintain at all times until the completion of the Project, a Project financial management unit (the PFMU), with a composition including a full time unit head, accountant and internal auditor, mandate and resources satisfactory to the Association to be responsible for carrying out the day to day financial management of the Project including inter alia: establishing and maintaining an effective accounting system; preparing the financial reports referred to in Section II.B.2 of this Schedule; budget programming and processing of payments; facilitating the financial audits referred to in Section
Sample 1
Project Financial Management Unit. The Recipient shall maintain at all times until the completion of the Project, a Project financial management unit (the PFMU), with a composition including a full time unit head, accountant and internal auditor, mandate and resources satisfactory to the Association to be responsible for carrying out the day to day financial management of the Project including inter alia: establishing and maintaining an effective accounting system; preparing the financial reports referred to in Section II.B.2 of this Schedule; budget programming and processing of payments; facilitating the financial audits referred to in Section II.B.3 of this Schedule; coordinating the processing and selection of the procurement management firm; and preparing Project Reports on a quarterly basis.
Sample 1
Project Financial Management Unit. Without limitation upon the provisions of Section I.A.3 immediately above, the Recipient shall, throughout Project implementation, maintain the PFMU adequately staffed with professionals hired under terms of reference and with qualifications and experience satisfactory to the Association. PFMU shall be responsible for carrying out the financial management under the Project, including, without limitation, the responsibility for: (a) the maintenance of accounting records and the preparation of financial statements; (b) the preparation of the financial aspects of the interim unaudited financial reports; (c) the processing of payments; and (d) the preparation of the internal financial audits.
Sample 1
Project Financial Management Unit. (a) Without limitation to the provisions of Section I.A.1 of this Schedule, the Recipient shall ensure that the Project Financial Management Unit (PFMU) established within the Ministry of Finance, is maintained at all times during the implementation of the Project, and adequately staffed with resources and personnel that are satisfactory to the Association.
Sample 1
Project Financial Management Unit. Without limitation to the provisions of Section I.A.1 of this Schedule, the Recipient shall ensure that the Project Financial Management Unit (PFMU) established within the Ministry of Finance, is maintained at all times during the implementation of the Project, and adequately staffed with resources and personnel that are satisfactory to the Association. PFMU shall be responsible for carrying out day-to-day financial management under the Project, including: (i) maintenance of accounting records and preparation of financial statements; (ii) preparation of the interim un-audited financial reports; (iii) processing payment requests on behalf of the IIU; and (iv) facilitating the financial audits, pursuant to the provisions of paragraph B.3 of Section II of this Schedule 2.
Sample 1
Project Financial Management Unit 
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Related to Project Financial Management Unit

  • Financial Management (a) The Recipient shall ensure that a financial management system is maintained in accordance with the provisions of Section 2.09 of the Standard Conditions.

  • Fiscal Management Grantee must have accounting and internal control systems to ensure proper management of federal and state funds, maximize non-federal resources, and maintain solvency. Xxxxxxx’s accounting and internal control systems must meet the following requirements:

  • Financial Management System Subrecipient shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. Contractor’s system shall provide fiscal control and accounting procedures that will include the following:

  • Financial Management Standards The financial management systems of Grantee must meet the following standards:

  • Emergency Financial Manager If an emergency financial manager is appointed by the State under the Fiscal Accountability Act, the emergency manager may reject, modify, or terminate the collective bargaining agreement in his/her sole discretion. This authority is a prohibited subject of bargaining under the Public Employment Relations Act (PERA).

  • Financial Management Services ‌ Definition: Financial Management Services includes the planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization. Examples: Service areas that are included under the Financial Management Services discipline include, but are not limited to the following:

  • FINANCIAL MANAGEMENT AND OVERSIGHT Measure 2a Is the school meeting financial reporting and compliance requirements?

  • PROJECT FINANCIAL RESOURCES i) Local In-kind Contributions $0 ii) Local Public Revenues $0 iii) Local Private Revenues iv) Other Public Revenues: $0 - ODOT/FHWA $0 - OEPA $2,675,745 - OWDA $0 - CDBG $0 - Other $0 SUBTOTAL $2,675,745 v) OPWC Funds: - Loan $299,000 SUBTOTAL $299,000 TOTAL FINANCIAL RESOURCES $2,974,745

  • Asset Management Supplier will: i) maintain an asset inventory of all media and equipment where Accenture Data is stored. Access to such media and equipment will be restricted to authorized Personnel; ii) classify Accenture Data so that it is properly identified and access to it is appropriately restricted; iii) maintain an acceptable use policy with restrictions on printing Accenture Data and procedures for appropriately disposing of printed materials that contain Accenture Data when such data is no longer needed under the Agreement; iv) maintain an appropriate approval process whereby Supplier’s approval is required prior to its Personnel storing Accenture Data on portable devices, remotely accessing Accenture Data, or processing such data outside of Supplier facilities. If remote access is approved, Personnel will use multi-factor authentication, which may include the use of smart cards with certificates, One Time Password (OTP) tokens, and biometrics.

  • Investment Management If and to the extent requested by the Advisor, the Sub-Advisor shall, subject to the supervision of the Advisor, manage all or a portion of the investments of the Portfolio in accordance with the investment objective, policies and limitations provided in the Portfolio's Prospectus or other governing instruments, as amended from time to time, the Investment Company Act of 1940 (the "1940 Act") and rules thereunder, as amended from time to time, and such other limitations as the Trust or Advisor may impose with respect to the Portfolio by notice to the Sub-Advisor. With respect to the portion of the investments of the Portfolio under its management, the Sub-Advisor is authorized to make investment decisions on behalf of the Portfolio with regard to any stock, bond, other security or investment instrument, and to place orders for the purchase and sale of such securities through such broker-dealers as the Sub-Advisor may select. The Sub-Advisor may also be authorized, but only to the extent such duties are delegated in writing by the Advisor, to provide additional investment management services to the Portfolio, including but not limited to services such as managing foreign currency investments, purchasing and selling or writing futures and options contracts, borrowing money or lending securities on behalf of the Portfolio. All investment management and any other activities of the Sub-Advisor shall at all times be subject to the control and direction of the Advisor and the Trust's Board of Trustees.

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