Common use of School Delay in Audit Clause in Contracts

School Delay in Audit. If the School’s annual audit is delayed and that delay results in the School and/or the NMPED receiving a “late audit report” finding, the NMPED shall notify the Authorizer and the School with that information once the audit is released publically. The Authorizer may determine that the “late audit report” finding constitutes a violation of this Contract or the Performance Framework indicators and shall provide the School a reasonable opportunity to submit an explanation for the audit finding in addition to its “management response” for the Authorizer’s review The PEC may make an independent determination of whether it considers the School’s “late audit finding” a material violation of this Contract based on the School’s response to the audit finding and take appropriate action including imposition of the sanctions as set forth in XXXX 0000, 22-8-12.1 or as otherwise provided by law.

School Delay in Audit. If the School’s annual audit is delayed and that delay results in the School and/or the NMPED district receiving a “late audit report” finding, the NMPED APS Charter School Office shall notify the Authorizer and the School with that information once the audit is released publically. The Authorizer may determine that the “late audit report” finding constitutes a violation of this Contract or the Performance Framework indicators and shall provide the School a reasonable opportunity to submit an explanation for the audit finding in addition to its “management response” for the Authorizer’s review review. The PEC APS Board of Education may make an independent determination of whether it considers the School’s “late audit finding” a material violation of this Contract based on the School’s response to the audit finding and take appropriate action including imposition of the sanctions as set forth in XXXX 0000, 22-8-12.1 or as otherwise provided by law.

School Delay in Audit. If the School’s annual audit is delayed and that delay results in the School and/or the NMPED district receiving a “late audit report” finding, the NMPED APS Charter School Office shall notify the Authorizer and the School with that information once the audit is released publically. The Authorizer may determine that the “late audit report” finding constitutes a violation of this Contract or the Performance Framework indicators and shall provide the School a reasonable opportunity to submit an explanation for the audit finding in addition to its “management response” for the Authorizer’s review review. The PEC APS Board of Education may make an independent determination of whether it considers the School’s “late audit finding” a material violation of this Contract based on the School’s response to the audit finding and take appropriate action including imposition of the sanctions as set forth in XXXX 0000NMSA 1978, 22-8-12.1 or as otherwise provided by law.

School Delay in Audit. If the School’s annual audit is delayed and that delay results in the School and/or the NMPED district receiving a “late audit report” finding, the NMPED APS Charter School Office shall notify the Authorizer and the School with that information once the audit is released publically. The Authorizer may determine that the “late audit report” finding constitutes a violation of this Contract or the Performance Deleted: [ Framework indicators and shall provide the School a reasonable opportunity to submit an explanation for the audit finding in addition to its “management response” for the Authorizer’s review review. The PEC APS Board of Education may make an independent determination of whether it considers the School’s “late audit finding” a material violation of this Contract based on the School’s response to the audit finding and take appropriate action including imposition of the sanctions as set forth in XXXX 0000, 22-8-12.1 or as otherwise provided by law.