Unexpended Funds. a. Whenever the Department determines from its review of the Contractor’s audited annual financial statements and program operations that the total paid under this Contract, together with applicable program income from other sources, exceeds the total expenses of the program, such excess income shall be deemed by the Department to be unexpended funds. If the Contractor is not required to submit audited annual financial statements, the Department may utilize the final annual financial report to determine the existence and amount of unexpended funds.
Appears in 9 contracts
Samples: portal.ct.gov, portal.ct.gov, portal.ct.gov
