Common use of Quarterly Progress and Financial Reports Clause in Contracts

Quarterly Progress and Financial Reports. The Grantee will provide quarterly progress and financial reports by email (or other method allowed by the Authority, if email is not available) to the Authority Project Manager. Reports are due January 31st; April 30th; July 31st, and; October 31st of each year this Agreement is in place. If the due date is a weekend or holiday, reports are due the following business day. This report must update the Authority on the Project’s progress, regulatory and compliance issues, possible delays, and grant expenditures during the quarter. These Quarterly Progress Reports must summarize, in one or two pages, the progress made on grant tasks during the quarter and identify any difficulties in completing tasks or meeting goals or deadlines. The Grantee must also include with the report copies of any work products due to the Authority during this period. Reports are considered late five (5) days after the due date. No further payments will be made without submission and approval of required reports. Work completed after the twenty-day period when required reports have not been submitted is at the Grantee’s risk, and costs incurred may be disallowed. Repeated failure to submit reports in a timely manner could result in suspension or termination of the grant. All reports and deliverables required in this agreement must have been submitted and approved by the Authority prior to the final payment being released.

Quarterly Progress and Financial Reports. The Grantee will provide quarterly progress and financial status reports by email (or other method allowed by the Authority, if email is not available) to the Authority Authority‟s Project Manager. Reports are due January 31st15th; April 30th15th; July 31st15th, and; October 31st 15th of each year this Agreement the grant is in place. If the due date 15th is a weekend or holiday, reports are due the following business day. This report must update the Authority on the Project’s Project‟s progress, regulatory and compliance issues, possible delays, and grant expenditures during the quarter. These Quarterly Progress Reports must summarize, in one or two pages, the progress made on grant tasks during the quarter and identify any difficulties in completing tasks or meeting goals or deadlines. The Grantee must also include with the report copies of any work products due to the Authority during this period. Reports are considered late five (5) days after the due date. No further payments will be made without submission and approval of required reports. Work completed after the twenty-day period when required reports have not been submitted is at the Grantee’s Grantee‟s risk, and costs incurred may be disallowed. Repeated failure to submit reports in a timely manner could result in suspension or termination of the grant. All reports and deliverables required in this agreement must have been submitted and approved by the Authority prior to the final payment being released.. OR

Quarterly Progress and Financial Reports. The Grantee will provide quarterly progress and financial status reports by email (or other method allowed by the Authority, if email is not available) to the Authority Authority’s Project Manager. Reports are due January 31st15th; April 30th15th; July 31st15th, and; October 31st 15th of each year this Agreement the grant is in place. If the due date 15th is a weekend or holiday, reports are due the following business day. This report must update the Authority on the Project’s progress, regulatory and compliance issues, possible delays, and grant expenditures during the quarter. These Quarterly Progress Reports must summarize, in one or two pages, the progress made on grant tasks during the quarter and identify any difficulties in completing tasks or meeting goals or deadlines. The Grantee must also include with the report copies of any work products due to the Authority during this period. Reports are considered late five (5) days after the due date. No further payments will be made without submission and approval of required reports. Work completed after the twenty-day period when required reports have not been submitted is at the Grantee’s risk, and costs incurred may be disallowed. Repeated failure to submit reports in a timely manner could result in suspension or termination of the grant. All reports and deliverables required in this agreement must have been submitted and approved by the Authority prior to the final payment being released.. OR