reference to the Programme Document. The IP understands that a written statement by the IP that money has been spent is insufficient and cannot replace the original documentation to support expenditures. Supplies/equipment: 3. The IP will maintain records of supplies and equipment purchased from the Cash Transfer or transferred to the IP in accordance with Article VIII (B) of this Agreement. Detailed inventories shall be taken by the IP and kept for a period of five (5) years after the completion of the last Programme Document or the termination of this Agreement, whichever happens later. Article X Reporting Requirements 1. The IP will deliver to UNICEF the reports set out below. Narrative reports will, if possible, be provided in English, French, or Spanish. (A) Financial reporting Financial reporting FACE form: 2. (a) Unless otherwise agreed between the Parties in writing, the IP will submit FACE forms at the end of every Quarter, using the FACE form. Should a FACE form not be submitted within six (6) months from the last Quarter, UNICEF will, unless agreed otherwise, suspend any further cash transfers to the IP, or on behalf of the IP. The final FACE form will be submitted no later than thirty (30) calendar days after the end of the Programme Document. The FACE form: (i) will only include expenditures that are identifiable and verifiable. (The term includes that the expenditures are “identifiable” recorded in the IP’s accounting system and that the accounting system which transactions represent the expenditures reported for each line on the FACE form. The term includes that the expenditures may be “verifiable” confirmed by the records in Article IX.) (ii) will only include expenditures that are directly attributable to the implementation of the activities included in the Programme Document; (iii) will only include expenditures that have actually been incurred and borne by the IP;
reference to the Programme Document. The IP understands that a written statement by the IP that money has been spent is insufficient and cannot replace the original documentation to support expenditures. Supplies/equipment: 3. The IP will maintain records of supplies and equipment purchased from the Cash Transfer or transferred to the IP in accordance with Article VIII (B) of this Agreement. Detailed inventories shall be taken by the IP and kept for a period of five (5) years after the completion of the last Programme Document or the termination of this Agreement, whichever happens later. Article X Reporting Requirements 1. The IP will deliver to UNICEF the reports set out below. Narrative reports will, if possible, be provided in English, French, or Spanish. (A) Financial reporting Financial reporting FACE form: 2. (a) Unless otherwise agreed between the Parties in writing, the IP will submit FACE forms at the end of every Quarter, using the FACE form. Should a FACE form not be submitted within six (6) months from the last Quarter, UNICEF will, unless agreed otherwise, suspend any further cash transfers to the IP, or on behalf of the IP. The final FACE form will be submitted no later than thirty (30) calendar days after the end of the Programme Document. The FACE form: (i) will only include expenditures that are identifiable and verifiable. (The term “identifiable” includes that the expenditures are recorded in the IP’s accounting system and that the accounting system which transactions represent the expenditures reported for each line on the FACE form. The term “verifiable” includes that the expenditures may be confirmed by the records in Article IX.) (ii) will only include expenditures that are directly attributable to the implementation of the activities included in the Programme Document; (iii) will only include expenditures that have actually been incurred and borne by the IP;