Structure and accountability of the National Skills Fund Sample Clauses

Structure and accountability of the National Skills Fund. The National Skills Fund fulfils the description of a public entity in terms of the Public Finance Management Act No.1 of 1999 (PFMA), as: Report of the Auditor-General for the year ended 31 March 2005 • it is a Fund established in terms of legislation (section 27(1) of the Skills Development Act) • substantially funded by way of a levy in terms of national legislation. • accountable to Parliament. The Department of Labour has met on a regular basis with National Treasury to establish direction for the way forward. Due to delays at National Treasury this process was negatively impacted. The decision taken is that the NSF should prepare a business case, to indicate the impact of listing and to determine what systems of internal control and accountability should be put in place, by December 2005. Thereafter the legal form will be formalised. Operating expenditure amounting to R998 986 000 (85% of the total operating expenditure) was tested. The completeness of operating expenditure could not be verified due to a significant audit adjustment of R3.4 million made. This was as a result of project expenditure incorrectly allocated to the Department of Labour. However, the large volume of transactions processed within the Department of Labour does not permit the performance of sufficient alternative auditing procedures to confirm the completeness, validity and accuracy of expenditure reflected in the annual financial statements reflected in the Fund’s annual financial statements.
Sample 1
AutoNDA by SimpleDocs

Related to Structure and accountability of the National Skills Fund

  • Service Accountability Agreements The HSP acknowledges that if the LHIN and the HSP enter into negotiations for a subsequent service accountability agreement, subsequent funding may be interrupted if the next service accountability agreement is not executed on or before the expiration date of this Agreement.

  • Fiscal Accountability A. SUBRECIPIENT shall establish and maintain a sound financial management system, based upon generally accepted accounting principles. SUBRECIPIENT’s system shall provide fiscal control and accounting procedures that will include the following:

  • LIABILITY AND ACCOUNTABILITY The Provider, if a non-profit entity, will provide continuous and adequate director, officer, and employee liability insurance coverage against any personal liability or accountability by reason of actions taken while acting within the scope of their authority during the existence of this Agreement and any renewal and extension thereof. Such coverage may be provided by a self-insurance program established and operating under the laws of the state of Florida.

  • A Service Accountability Agreement This Agreement is a service accountability agreement for the purposes of section 20(1) of LHSIA.

  • Financial Accountability 6.1 The Recipient must ensure that the requirements set out in this Agreement, and in any clarification or guidance issued from time to time by the Authority, are complied with. In particular the Recipient shall:

  • Health Care Accountability Ordinance If Administrative Code Chapter 12Q applies to this contract, Contractor shall comply with the requirements of Chapter 12Q. For each Covered Employee, Contractor shall provide the appropriate health benefit set forth in Section 12Q.3 of the HCAO. If Contractor chooses to offer the health plan option, such health plan shall meet the minimum standards set forth by the San Francisco Health Commission. Information about and the text of the Chapter 12Q, as well as the Health Commission’s minimum standards, is available on the web at xxxx://xxxxx.xxx/olse/hcao. Contractor is subject to the enforcement and penalty provisions in Chapter 12Q. Any Subcontract entered into by Contractor shall require any Subcontractor with 20 or more employees to comply with the requirements of the HCAO and shall contain contractual obligations substantially the same as those set forth in this Section.

  • Portability of Sick Leave 1. The employer will accept up to sixty (60) accumulated sick leave days from other school districts in British Columbia, for employees hired to or on exchange in the district.

  • Federal Funding Accountability and Transparency Act (FFATA Subrecipient shall comply with the requirements of 2 CFR part 25 Universal Identifier and System for Award Management (XXX). Subrecipient must have an active registration in XXX, xxxxx://xxx.xxx.gov/XXX/ in accordance with 2 CFR part 25, appendix A, and must have a Data Universal Numbering System (DUNS) number xxxxx://xxxxxx.xxx.xxx/webform/ Subrecipient must also comply with provisions of the Federal Funding Accountability and Transparency Act, which includes requirements on executive compensation, 2 CFR part 170 Reporting Subaward and Executive Compensation Information.

  • Federal Funding Accountability and Transparency Act of 2006 Grantee certifies that it is in compliance with the terms and requirements of 31 USC 6101.

  • Health Insurance Portability and Accountability Act Grantee certifies that it is in compliance with the Health Insurance Portability and Accountability Act of 1996 (HIPAA), Public Law Xx. 000-000, 00 XXX Parts 160, 162 and 164, and the Social Security Act, 42 USC 1320d-2 through 1320d-7, in that it may not use or disclose protected health information other than as permitted or required by law and agrees to use appropriate safeguards to prevent use or disclosure of the protected health information. Grantee shall maintain, for a minimum of six (6) years, all protected health information.

Time is Money Join Law Insider Premium to draft better contracts faster.