Attachment13-FinancialSolvencyCertification.docx
DOCX document 97 KB Posted
- Attached to
- RFP-2526-01 Aging Resource Directory
- Solicitation number
- RFP2526-01
- Issued by
- California
About this file
This document is a Financial Solvency Certification for the California Department of Aging (CDA) related to Request for Proposal (RFP) Number RFP-2526-01 for an Aging Resource Directory. The certification requires the proposing organization's official with contracting authority to affirm the organization's financial stability and commitment to maintaining solvency throughout the potential contract period.
The certification mandates that the proposing organization disclose any substantial financial concerns, including cash reserve depletion, payroll challenges, accounts payable issues, deteriorating accounts receivable, tax payment delinquencies, evidence of fraud or mismanagement, account co-mingling, or improper use of grant funds. The document serves as a critical representation of the organization's financial health, with potential consequences for false certification, including contract termination by the CDA. The form requires the authorized official to provide company details, signature, and identification information to validate the financial solvency declaration.
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Text version
California Department of Aging RFP Number: RFP-2526-01 Aging Resource Directory
ATTACHMENT 13
Financial Solvency Certification In compliance with the California Department of Aging (CDA) contracting protocols, the following certification is required by Proposers:
1. The Proposer’s organization official with contracting authority certifies, to the best of his/her knowledge and belief, that the organization is financially solvent, and will remain so during the life of any contract Agreement awarded. The official will notify the CDA representative in writing of any substantial solvency concerns such as depletion of cash reserve accounts, use of cash reserves to meet payroll obligations, inability to meet obligations for accounts payable, evidence of deteriorating accounts receivable collection, evidence of delinquency in payment of IRS or payroll taxes, evidence of fraud or mismanagement, co-mingling of accounts, and/or use of grant funds for non-grant purposes.
1. This certification is a material representation of fact upon which reliance will be placed when making the award. If it is later determined that the Proposer/Contractor made a false certification, CDA may, in addition to other remedies available, terminate any contract issued.
Printed Name of Authorized Official:
Signature/Date: / Company Name:
Address:
City/State/Zip:
SSN or TIN:
File details come from the government source that posted it. Updated .