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defined in the Internal Revenue Service Code as not-four, <br />SO1(c)(3) organ1zanons as <br />The res onsibility of Contractor's governing board sent <br />profit organizations. P <br />bili for all funds and materials received from D e real and <br />include: accounts tY licies, procedures, and applicable <br />compliance with Department Rules, po ro am deficiencies <br />s and regulations; and correction of fiscal and P rocesses. Further, <br />state law ent s monitoring p <br />identified through self-evaluation and Departm owers, duties, and <br />tor's oveming board shall ensure separation of c udin the executive <br />Contrac g <br />ctions of board members and staff. Staff memb o tractor's governing board. <br />fun <br />director, shall not serve as voting members of uuements contained or referenced <br />Ignorance of any Contract provisions or otherOr basis for waiving or appealing such <br />in this Contract shall not constitute a defens <br />provisions or requirements. <br />went and Control Systems. Contractor shall maintainaannd <br />Section 12.03 Manage condition , <br />riate contract administration system to insure that alb ~a sm' ~~n fuiancial <br />approp lemen , <br />specifications are met. Contractor shall d et lorpexe ed the requirements of UGMS <br />management and control systems~t laa m~ Department's Contractor's Financial <br />and adhere to procedures de De artment's web site: <br />Procedures Manual available at the p <br />.tx.uslcontracts. Those requirements shall include at a <br />htt ;Ilwww.dshs.state <br />minimum: tannin ~ including the development of budgets that <br />s) financial p g to carry out <br />adequately reflect all functions and resour nation of cos s; <br />uate determi <br />authorized activities and the adeq .udin accurate, correct, and <br />b) financial management systems mcl deg ounce and application of <br />complete accounting records that identify <br />under each Program Attachment of this Contract, ana <br />funds provided <br />u rt the information contained in required financial reports, an <br />that s ppo <br />cost source documentation; and controls; determination of <br />c) effective internal and buddge ~ cability of costs; timely and <br />reasonableness, allowableness, an <br />findings; billing and collection <br />appropriate audits and resolution 1 f billing and making reasonable <br />policies; and a mechanism capa>~rd arties. <br />efforts to collect from clients and p <br />Insurance and Bonding. Contractor shall maintain insurance or <br />Section 12.04 <br />r means of replacing assets purchased with Department fun s. <br />othe <br />a fidelity bond or <br />Section 12.OS Fidelity Bond. Contractor is required~tod d er this Contract up <br />insurance coverage equal to the amount of fund tractor handling funds under this <br />ee of Co <br />to $100,000 that covers each employ <br />authorizing payment of such funds. The fidelity bond <br />Contract, including person(s) <br />vide for indemnification of losses occasioned by: (1) aeS <br />or insurance shall pro of Contractor s employe , <br />fraudulent or dishonest act or acts committed b o 2 failure of Contractor or any <br />either individually or in concert with others, and/ ()r to account properly for all <br />of its employees to perform faithfully hislher duties o <br />6112J2007 19 <br />General Provisions (Core Subrecipient 2008) <br />