Actual Cost Reimbursement. A reimbursement method by which Xxxxxxxx are reimbursed based upon the understanding that state dollars will be paid up to total costs in relation to the state's share of the total costs and up to the total state allocation as agreed to in the approved budget. This reimbursement approach is not directly dependent upon whether a specified level of performance is met by the local health department. Department funding under this reimbursement method is allocable as a source before any local funding requirement unless a specific local match condition exists.
Actual Cost Reimbursement. The term "Actual Cost" shall mean the total cost to Manager of operating the Condominium, including: all labor, all associated payroll costs and personnel related costs, the cost of all supplies, the cost of outside services, the cost of utilities, costs and equipment rental incurred for the landscaping, snowplowing, repair, decoration or cleaning of the Property, legal, accounting and other similar professional expense, and overhead costs allocated to the management of this Association, (such as by way of example manager's office costs, equipment and vehicle costs) and all other third party costs and expenses fairly attributable to the maintenance and operation of the Association, as defined in the Bylaws. The intent of the parties is that all costs, charges, and expenses of every kind and description fairly attributable to the operation, management or maintenance of the Associations shall be charged to and paid by the Association from the Checking Account. Manager shall be entitled to reimburse itself for its Actual Costs as defined above and to collect its Management Fee from the Checking Account. The Board shall be responsible for the creation and funding of the Reserve Account.
