Standards for Financial Management Systems. The Recipient shall establish or use existing financial systems that comply with Generally Accepted Accounting Principles and with 2 CFR § 200.302 & 303.
Standards for Financial Management Systems. By accepting funds under this cooperative agreement, the Cooperator agrees to maintain a financial management system that complies with DoDGARS Subpart 32.21.
Standards for Financial Management Systems. The financial management system of the awardee of this Agreement must comply with the standards set forth in 2 CFR 200.302.
Standards for Financial Management Systems. COMMERCIAL
(a) The PLP shall maintain adequate records to account for the control and expenditure of Government funds received for any Prototype Award under this Base Agreement.
(b) The PLP shall establish and maintain accounting systems that:
(1) Comply with Generally Accepted Accounting Principles
(2) Control and properly document all cash receipts and disbursements.
Standards for Financial Management Systems. The Agency does not guarantee or insure the repayment of money borrowed by the Recipient [see section 11(b)]. Fidelity bond coverage is not required [see section 11(c)]. Bonds are not required [see section 11(d)].
Standards for Financial Management Systems. Grantee shall maintain and operate financial management systems that meet or exceed the Federal requirements for funds control and accountability as established by the applicable regulations in 24 CFR 85 and as otherwise directed by HUD.
Standards for Financial Management Systems. (1) The Government of the Republic of the Xxxxxxxx Islands shall expend and account for funds provided pursuant to the Compact, as amended, in accordance with its laws and procedures for expending and accounting for its own funds. Fiscal control and accounting procedures of the Government of the Republic of the Xxxxxxxx Islands, as well as its Sub-Grantees and cost-type contractors, shall be sufficient to:
(i) Permit preparation of reports required by this Agreement and the Compact, as amended, and,
(ii) Permit the tracing of funds to a level of expenditures adequate to establish that such funds have been used in compliance with the provisions of the Compact, as amended, and applicable agreements.
(2) The financial management systems used by the Government of the Republic of the Xxxxxxxx Islands shall meet the following standards:
Standards for Financial Management Systems. A. The recipient shall maintain adequate records to account for the control and expenditure of Federal funds received and cost matching required under this agreement.
B. The recipient shall establish and maintain an accounting system that:
1. Complies with Generally Accepted Accounting Principles.
2. Controls and properly documents all cash receipts and disbursements.
C. The recipient's relevant financial records are subject to examination or audit by or for the Government for a period not to exceed three years after expiration of the term of this agreement. The grants officer or designee shall have direct access to sufficient records and information of the recipient's activities to ensure full accountability for all funding under this agreement. Such audit, examination, or access shall be performed during business hours on business days upon prior written notice and shall be subject to the security requirements of the audited party.
Standards for Financial Management Systems. In accordance with 49 C.F.R. 18.20, the State must expend and account for funds under this agreement in accordance with State laws and procedures for expending and accounting for its own funds. Fiscal control and accounting procedures of the State, as well as its cost-type contractors and subcontractors, must be sufficient to permit preparation of financial reports of project expenditures, as required by this agreement, and to permit the tracing of funds to a level of expenditures adequate to establish that such funds have not been used in violation of the prohibitions and restrictions of this agreement.
Standards for Financial Management Systems. (1) The Government of the Federated States of Micronesia shall expend and account for funds provided pursuant to the Compact, as amended, in accordance with its laws and procedures for expending and accounting for its own funds. Fiscal control and accounting procedures of the Government of the Federated States of Micronesia, as well as its Sub- Grantees and cost-type contractors, shall be sufficient to:
(i) Permit preparation of reports required by this Agreement and the Compact, as amended; and,
(ii) Permit the tracing of funds to a level of expenditures adequate to establish that such funds have been used in compliance with the provisions of the Compact, as amended, and applicable agreements.
(2) The financial management systems used by the Government of the Federated States of Micronesia shall meet the following standards:
