Reporting Audits. The Manager will (i) provide the reports to the Members required under Section 6.11 and 6.12, (ii) permit the audits, inspections and access rights under Section 6.13, and (iii) obtain the independent audit required under Section 6.14.
Reporting Audits. A. Commencing with the Effective Date of this Agreement and continuing through the Expiration Date, the Contractor shall submit an annual report to the Department by July 31 of each year that reports all activities from the previous fiscal year (7/1–6/30), on forms provided by the Department. The first report will be due on July 31, 2021 and will report all activities from date of initial fund disbursement through June 30, 2021.
B. The annual report shall contain a detailed report which must include, at a minimum:
1) Identification of the Eligible Activities to which the Contractor committed program funds, and the income levels of households assisted.
2) Amounts awarded to Subrecipients with the activity(ies) identified;
3) Identification of the Eligible Activities upon which the Contractor expended program funds, and the income levels of households assisted and the affordability level for any units assisted; and,
4) Close out report for contracts that were fully expended and in which all activities funded were completed during the fiscal year.
C. The Department may request additional information as needed to meet other applicable reporting or audit requirements.
D. The Contractor is responsible for the completion of audits and all costs of preparing audits.
Reporting Audits. Following the Minimum Royalty Payment Date, within sixty (60) days following the end of each calendar quarter during the term of this Agreement, Juniper shall submit to Xx. Xxxxxxxx a reporting form setting forth with respect to such quarter (a) the quantities of Products as to which royalties are due hereunder, and (b) a computation of such royalties. Payment in full of such royalties (less any credits under Section 4.2 or deductions under Section 4.3 (c)) for each quarter shall be due together with such reporting form. Not more frequently than once per calendar year, and following ten(10) days written notice to Juniper, Xx. Xxxxxxxx may appoint an independent third party (reasonably acceptable to Juniper) to review Juniper’s books and records during Juniper’s customary business hours for the sole purpose of determining Juniper’s compliance with Article 4 in a manner which will not be unduly burdensome to Juniper. In addition to the foregoing (if the foregoing review reveals an underpayment by Juniper), no more than one time per year upon ten (10) days written notice and during normal business hours, Xx. Xxxxxxxx may request an audit of Juniper’s financial records to determine compliance with Article 4 by an independent Certified Public Accountant approved by Juniper; provided that the costs of such audit will be borne by Xx. Xxxxxxxx; provided, further, however, that the costs of such audit will be borne by Juniper in the event that the audit determines that royalties have been understated by 5% or more. All information and data obtained for such reviews or audits shall be maintained in strict confidence by Xx. Xxxxxxxx, will be deemed Confidential Information, will be used solely for the express purpose set forth in this Agreement, and will not be disclosed to third parties except as may be so ordered by a court of competent jurisdiction. In the event that the audit reveals an underpayment, Juniper shall, as Xx. Xxxxxxxx’x sole and exclusive remedy for such failure to pay, pay to Juniper all unpaid fees, including interest thereon, and the costs of such audit (if applicable).
Reporting Audits. The reporting requirements and audit rights for the Commercialization Program are set forth in Section 3 and Section 5, respectively, of Exhibit A.
Reporting Audits. The reporting requirements and audit rights for the Development Program are set forth in Section 3 and Section 5, respectively, of Exhibit A.
Reporting Audits. (a) The provisions of this Section 5 shall be effective only following the termination of the Agreement to which this Exhibit is attached and then only if and for so long as Manager is entitled, pursuant to the terms of Article VI of the Agreement to which this Exhibit is attached, to receive Incentive Compensation pursuant to the terms of the Agreement; provided, however, that the provisions of this Section 5 shall also be effective for the duration of any period during the term of the Agreement that Manager does not have access to all of the reports and information specified in Section 5(b) below.
(b) Owner shall deliver to Manager copies of the following at substantially the same time they are delivered to Owner’s mortgage lender (or any Unaffiliated Mezzanine Lender) or the JV Members: monthly and quarterly financial reports, annual audited financial statements, balance sheets and statements of operations, statements of Members’ capital and statement of cash flow, and business plans and budgets that have been adopted by Owner and any modifications thereto that have been adopted by Owner, which information shall be sufficient to track loan draws and payments, and dates of capital contributions and Distributions. Such reporting shall include (i) the information relating to Excluded Payments specified in Section 2(b) above; (ii) a calculation of all Distributions made during the reporting period in question; (iii) only if and to the extent any of the following is otherwise prepared and presented to the JV’s Executive Committee or other governing body: traffic, sales, and closing reports by neighborhood and overall community, and builder product reports (by neighborhood), inclusive of total number of homes, floor plans, square footage, and price; and (iv) copies of any final, signed third party reports that have been commissioned by and delivered to Owner by such third parties and which have been shared with Owner’s mortgage lender or the JV Members. For avoidance of doubt, it is agreed that Owner shall have no obligation to deliver to Manager any drafts or alternative iterations of business plans, budgets, cash flow models and the like unless and until they have been adopted by Owner. If any Organizational Documents are amended Owner shall notify Manager as provided in Section 2(f) above. Not more than one (1) time during any calendar year, Manager shall have the right, upon fifteen (15) days’ prior written notice to Owner and at Manager’s sole cost and e...
Reporting Audits. A. Commencing with the Effective Date of this Agreement and continuing through the Expiration Date, the Contractor shall submit an annual report to the Department by July 31 of each year that reports all activities from the previous fiscal year (7/1–6/30), on forms provided by the Department. The first report will be due on July 31, 2021 and will report all activities from date of initial fund disbursement through June 30, 2021.
B. The annual report shall contain a detailed report which must include, at a minimum:
1) Identification of the Eligible Activities to which the Contractor committed program funds, and the income levels of households assisted. County of Xxxxx 20-PLHA-15105
2) Amounts awarded to Subrecipients with the activity(ies) identified;
3) Identification of the Eligible Activities upon which the Contractor expended program funds, and the income levels of households assisted and the affordability level for any units assisted; and,
4) Close out report for contracts that were fully expended and in which all activities funded were completed during the fiscal year.
C. The Department may request additional information as needed to meet other applicable reporting or audit requirements.
D. The Contractor is responsible for the completion of audits and all costs of preparing audits.
E. The Department reserves the right to perform or cause to be performed a financial audit. At the Department’s request, the Contractor shall provide, at its own expense, a financial audit prepared by a certified public accountant.
F. If a financial audit is required by the Department, the audit shall be performed by an independent certified public accountant. Selection of an independent audit firm shall be consistent with procurement standards contained in 24 CFR 85.36.
1) The Contractor shall notify the Department of the auditor's name and address immediately after the selection has been made. The contract for the audit shall allow access by the Department to the independent auditor's working papers.
2) The Contractor is responsible for the completion of audits and all costs of preparing audits.
3) If there are audit findings, the Contractor must submit a detailed response acceptable to the Department for each audit finding within ninety (90) days from the date of the audit finding report.
Reporting Audits. A. Contractor shall submit annual reports to the County on forms provided by the County by a date to be specified by the County. Contractor shall also submit a final report to the County after the end of the grant term by a date to be specified by the County.
B. Each annual report shall contain detailed information reporting on the following:
Reporting Audits. A. The Contractor shall submit an annual report to Agency on forms provided by Ager)CY, by January 1, 2020 and January 1, 2021. If the Contractor fails to provide such documentation, Agency may disencumber any portion of the amount authorized by Jhis Agreement with a 14-day written notification. The Contractor shall also submit a final report by September 30, 2021.
B. The annual report shall contain a detailed report containing the following:
1. Amounts awarded to subrecipients with activity(ies) identified.
Reporting Audits. A. The Subcontractor shall submit Quarterly reports, first quarterly report due Sept 1, 2019 and quarterly thereafter; and an annual report to RTFH on forms provided by RTFH, by December 15, 2019 and December 15, 2020. If the Subcontractor fails to provide such documentation, RTFH may disencumber any portion of the amount authorized by this Agreement with a 14-day written notification. The Subcontractor shall also submit a final report by September 15, 2021.
B. The Quarterly reports and annual reports shall contain a detailed report containing the following:
1. Amount of award with activity(ies);
2. Contract expenditures;
3. Unduplicated number of homeless persons or persons at imminent risk of homelessness served;
4. Number of instances of service (defined in September 5, 2018 HEAP NOFA);
5. Increases in capacity for new and existing programs.
6. The number of unsheltered homeless persons becoming sheltered; and
