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Agenda - 01-19-1993 - VIII-D
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Agenda - 01-19-1993 - VIII-D
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1/3/2017 3:50:51 PM
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BOCC
Date
1/19/1993
Meeting Type
Regular Meeting
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Agenda
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Minutes - 19930119
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\Board of County Commissioners\Minutes - Approved\1990's\1993
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8 <br /> The first payment in the amount of $375,000 on this commitment will=be <br /> made on October 1, 1992. Prior to that date, we must receive a letter <br /> from you confirming agreement to this commitment letter, the enclosed <br /> "General Requirements," and the following conditions: <br /> 1. Funds provided by the Foundation shall be used exclusively <br /> for purposes specified in Section 170(c) (2) (B) of the <br /> Internal Revenue Code of 1986, as amended, or the <br /> corresponding provision of any future United States internal <br /> revenue law (the "Code") and shall not be expended for any <br /> activity described in Section 4945(d) (1) or (2) of the Code. <br /> Generally, funds must be used exclusively for charitable, <br /> scientific, literary or educational purposes, and shall not <br /> be used to carry on propaganda or otherwise attempt to <br /> influence legislation or to influence the outcome of any <br /> specific public election or to carry on, directly or <br /> indirectly, any voter registration drive. <br /> 2. Funds provided by the Foundation will be accounted for <br /> separately in the business office of your organization and <br /> will be used only for the purposes specified in the <br /> aforementioned budget. If at the end of this commitment <br /> there remain any unexpended funds or if the program is <br /> terminated at any other time, the unexpended cash balance is <br /> to be returned to the Foundation and may not be transferred <br /> to any other fund. Advance Foundation approval must be <br /> requested in-writing for disbursements deviating from the <br /> line items of the approved budget. <br /> 3. At the end of each project period, your organization will <br /> provide the Foundation with a report which will include (a) <br /> a narrative progress report of the program, including the <br /> progress in planning and executing project evaluation and <br /> the result of that evaluation to date focusing on the <br /> important questions for evaluation established for your <br /> project; and (b) a statement of expenses, prepared on the <br /> Foundation's Report Form, reflecting any unexpended funds, <br /> and certified correct by the Chief financial officer of your <br /> organization. The financial statements to the Foundation <br /> should report expenditures according to the line items in <br /> the aforementioned budget using consistent accounting <br /> practices'jcash or accrual) throughout the commitment. A <br /> • final report is to be provided to the Foundation not later <br /> than--three months-after:AA= close of the grant, unless an <br /> extension has .been granted. <br /> 4. No part of these funds shall be paid to any Kellogg <br /> Foundation Trustee, officer, or employee for any purpose. <br /> S. Your organization's records and supporting documents related <br /> to this grant will be made available for audit at the <br /> request and expense of the Foundation. <br />
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