Common use of Year End Reconciliation Clause in Contracts

Year End Reconciliation. a. A year-end reconciliation shall be conducted by the Sponsor to ensure and verify correct and proper credit has been received for the full value of all USDA Foods received by the Vendor during the fiscal year. The SFA reserves the right to conduct USDA Foods credit audits throughout the year to ensure compliance with federal regulations 7 CFR 210 and 7 CFR 250.

Appears in 6 contracts

Samples: Vended Meal Agreement, Vended Meal Agreement, Vended Meal Agreement

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Year End Reconciliation. a. A year-end reconciliation shall be conducted by the Sponsor SFA to ensure and verify correct and proper credit has been received for the full value of all USDA Foods received by the Vendor during the fiscal year. The SFA reserves the right to conduct USDA Foods credit audits throughout the year to ensure compliance with federal regulations 7 CFR 210 and 7 CFR 250.

Appears in 3 contracts

Samples: Rhode Island, Vended Meals Agreement, www.rowlandschools.org

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