Interim Unaudited Financial Report definition

Interim Unaudited Financial Report means a report describing progress in Project implementation which: (a) sets forth the sources and uses of funds for the Project, both cumulatively and for the period covered by the said report, and explains variances between the actual and planned uses of such funds; (b) describes physical progress in Project implementation, both cumulatively and for the period covered by the said report, and explains variances between the actual and planned Project implementation; and (c) sets forth the status of procurement under the Project, as at the end of the period covered by the said report.

Interim Unaudited Financial Report means any of the reports referred to in paragraph B.2 of Section II of Schedule 2 to this Agreement, and which: (a) sets forth the sources and uses of funds for the Project, both cumulatively and for the period covered by said report, showing funds provided under the Designated Account, and explains variances between the actual and planned uses of such funds; (b) describes physical progress in Project implementation, both cumulatively and for the period covered by said report, and explains variances between the actual and planned Project implementation; and (c) sets forth the status of procurement under the Project, as at the end of the period covered by the said report.

Interim Unaudited Financial Report or “IFR” means the report mentioned in Section II.B.3 of Schedule 2.

Examples of Interim Unaudited Financial Report in a sentence

• All implementing agencies will prepare a separate Interim Unaudited Financial Report (IUFR) from iBAS++, in the format agreed with the Bank, on a quarterly basis and submit to the World Bank for its review and clearance within 45 days from the end of each quarter.

• Withdrawals from the Loan Account covering the time period agreed with the Bank and made on the basis of Interim Unaudited Financial Report (IFR) including a report prepared by an independent verification expert certifying that the amount of the relevant solar Incremental Cost is correct as per the provisions of the Power Purchase Agreement, the Power Sale Agreement, the Conventions and any other relevant documents.

• MoF and OAG will also prepare separately and submit to the World Bank the six monthly Interim Unaudited Financial Report (IFR) to the form and content satisfactory to the World Bank.

• The consolidation of the Interim Un-audited Financial Report (IUFR), and the Annual Financial Monitoring Report, will be done by BEPZA’s FMS on behalf of the PCU.

• For TERM-IU to be able to send the Bank the consolidated annual budgets and to prepare the consolidated Interim Unaudited Financial Report (IFRs), TPL will be sending the annual budgets to the TERM-IU on a timely basis.

• The same Interim Unaudited Financial Report format for the original EHRP financing will be used for the AF.

• The GoM will submit a separate Interim Unaudited Financial Report (IUFR) to claim such expenditures.

• Explanations of variances between actual versus budgeted expenditure will be reported in the Interim Unaudited Financial Report (IFR) and linked to any physical progress report of the project, if any, on a six-monthly basis.

• For example, we see many sit- uations where error logging creates a large number of disk writes downgrading main operations.

• Explanations of variances between actual versus budgeted expenses will be reported in the six monthly Interim Unaudited Financial Report (IFR) and linked to the progress of project implementation.

More Definitions of Interim Unaudited Financial Report

Interim Unaudited Financial Report or “IFR” means the report which both describes progress in Program implementation and is the basis upon which disbursements under the Program will take place, and which: (i) sets forth the sources and uses of funds for the Program, both cumulatively and for the period covered by the said report, showing funds provided under the Sector Holding Designated Account and the Earmarking Funding Partner Designated Accounts, and explains variances between the actual and planned uses of such funds; (ii) describes physical progress in Program implementation, both cumulatively and for the period covered by said report, and explains variances between the actual and planned Program implementation; (iii) sets forth the status of procurement under the Program, as at the end of the period covered by said report; and (iv) contains forecasts of projected expenditures for the ensuing two quarters.

Interim Unaudited Financial Report or “IFR” means the report referred to in Section 11.1 of this MOU, which both describes progress in Project implementation and is the basis upon which the disbursement of funds to the Government by both EarmarkingEarmarked and Pooled Funding Partners will take place, and which: (i) sets forth the sources and uses of funds for the WSDP, both cumulatively and for the period covered by the said report, showing funds provided by both EarmarkingEarmarked and Pooled Funding Partners, and explains variances between the actual and planned uses of such funds; (ii) describes physical progress in WSDP implementation, both cumulatively and for the period covered by the said report, and explains variances between the actual and planned implementation; (iii) sets forth the status of procurement under the WSDP, as at the end of the period covered by the said report; and (iv) contains forecasts of projected expenditures for the ensuing two quarters;