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Administrative Budget Sample Clauses

Administrative Budget. The President shall prepare an annual administrative budget which he shall submit to the Executive Board for transmission to the Governing Council for approval by a two-thirds majority of the total number of votes.
Sample 1Sample 2Sample 3See All (4)
Administrative Budget. No later than the November 15 prior to the beginning of each calendar year during the term of this Agreement, commencing with calendar year 2016, the Manager shall prepare and submit to the Member Committee of each Series for its approval a proposed itemized administrative budget for the relevant calendar year for such Series in such reasonable detail and with such reasonable supporting data as each Member Committee may request. Such budget may be presented as a combined budget for both Series. The Manager shall make itself available to discuss and address any questions that the Member Committee may have regarding such proposed administrative budget and shall, in finalizing such budget, take into account the concerns and comments, if any, of each Member Committee regarding the same (the final administrative budget for any calendar year, the “Administrative Budget”). The Manager shall use good faith efforts, in incurring expenses on behalf of the applicable Series, to act in a manner consistent with the Administrative Budget for such Series. The Members acknowledge that in developing any Administrative Budget, the Manager will make certain assumptions and that the Administrative Budget serves as a guideline from which the Manager may deviate if such deviation is reasonable in light of then-prevailing facts and circumstances; provided, however, that the Manager will notify the Member Committee of a Series if it proposes to deviate from the then-current Administrative Budget for such Series by more than ten percent (10%) in any year. In the event expenditures not provided for in an Administrative Budget of a Series and not reasonably foreseeable are required in the Manager’s reasonable judgment to preserve and protect the assets of such Series or to avoid personal injury or a penalty imposed by applicable law, the Manager shall have the authority to pay such sums (in amounts that are reasonable under the circumstances) and seek reimbursement, or to pay such sums from the funds of such Series. If practicable, the Manager shall notify the Member Committee of such Series of any such payment, if material, prior to making such payment; provided, however, that, if in the Manager’s good faith judgment prior notice is not practicable, the Manager shall notify the Member Committee promptly after making any such payment. An Administrative Budget Template for each Series is attached hereto as Exhibit C.
Sample 1Sample 2
Administrative Budget. That the annual administrative budget shall be submitted and approved on an annual basis by a majority of the RCRCA Board provided, however, that the amount apportioned to be paid by any county be in accordance with attached Exhibit A.
Sample 1Sample 2
Administrative Budget. A detailed listing including line-item budget of proposed Administrative Expenditures is attached as Exhibit A. These budgets are presented on an annual basis for each State fiscal year submitted. The City of Gainesville finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. “A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan.” “The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5% of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs.”
Sample 1
Administrative Budget. Unless otherwise agreed to in writing by all Parties (such as through a Memorandum of Agreement, as described in Section 5, below), the CFE shall be the recipient for all funding for NWOTA Projects and shall be responsible for administering the funds. The CFE shall administer the funds for NWOTA Projects, as follows: 1) The CFE shall propose an annual administrative budget, which shall be approved by unanimous vote of the NWOTA Parties. The administrative budget must be submitted to the Parties for approval no later than February for the following budget year. 2) The CFE may make minor budget changes for administrative purposes to grants and other funds, as well as adjusting the NWOTA administrative budget to reflect those changes, up to an amount not to exceed ten percent (10%) of the total grant budget or ten percent (10%) of a service contract. The CFE shall communicate those changes to all other Parties at the next meeting of the Parties through a monthly budget report. Changes in excess of ten percent (10%) must be approved in advance by unanimous vote of all Parties. 3) All requests for reimbursement from NWOTA grant awards or other funds shall be sent to the CFE. The CFE will respond to such requests by issuing reimbursements in accordance with approved budgets, schedules and other applicable requirements associated with NWOTA’s receipt of the funds. 4) If disbursed grant funds must be returned to a grantor, the Parties who received those funds must pay such funds to the CFE within 30 days of written notice for return to the grantor.
Sample 1
Administrative Budget. Budget Item Estimated Administrative Budget for Start-up or Expansion Payments To be completed by Sponsoring Organization Approved Administrative Budget for Start-up or Expansion Payments To be completed by the Department Administrative Labor   Supplies   Transportation   Communication   Other Costs Specify:                 TOTALS $0 DAY CARE HOME INVOLVEMENT
Sample 1
Administrative Budget. A detailed listing including line-item budget of proposed Administrative Expenditures is attached as Exhibit A. These budgets are presented on an annual basis for each State fiscal year submitted. The City of Gainesville finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan.
Sample 1

Related to Administrative Budget

  • Administrative Costs Administrative costs must not be included in the budget neutrality limit, but the State must separately track and report additional administrative costs that are directly attributable to the Demonstration. All administrative costs must be identified on the Forms CMS-64.10 Waiver and/or 64.10P Waiver.

  • Administrative Fees The Borrower agrees to pay to the Administrative Agent an annual fee as agreed to between the Borrower and the Administrative Agent.

  • Administrative Fee The Borrower agrees to pay to the Administrative Agent the annual administrative fee as described in the Fee Letter.

  • Administrative Appeals An administrative appeal is a request for us to reconsider a full or partial denial of payment for covered healthcare services for the following reasons: • the services were excluded from coverage; • we determined that you were not eligible for coverage; • you or your provider did not follow BCBSRI’s requirements; or • a limitation on an otherwise covered benefit exists. You are not required to file a complaint (as described above), before filing an administrative appeal. If you call our Customer Service Department, a Customer Service Representative will try to resolve your concern. If the issue is not resolved to your satisfaction, you may file a verbal or written administrative appeal with our Grievance and Appeals Unit. If you request an administrative appeal, you must do so within one hundred eighty (180) days of receiving a denial of payment for covered healthcare services. The Grievance and Appeals Unit will conduct a thorough review of your administrative appeal and respond within: • thirty (30) calendar days for a prospective review; and • sixty (60) calendar days for a retrospective review. The letter will provide you with information regarding our determination.

  • Administrative Matters (a) The Member is the sole member of the Company. Accordingly, for U.S. federal income tax purposes, the Company shall be disregarded as an entity separate from the Member, and the assets and liabilities and all items of income, gain, loss and deduction shall be treated as the assets and liabilities and items of income, gain, loss and deduction of the Member. (b) The fiscal year of the Company shall be the same as the fiscal year of the Member. (c) The Member’s Membership Interest shall be uncertificated.

  • Administrative Expenses Notwithstanding anything to the contrary contained in the Current HPA as amended by this Second Amendment, HFA and Eligible Entity may from time to time submit adjusted budgets to Treasury requesting approval to re-allocate HHF Funds to pay actual program expenses as set forth on a proposed Schedule C. In the event that Treasury shall approve an adjusted budget, in Treasury’s sole discretion, the parties shall enter into an amendment to the HPA to modify Schedules A, B and C as necessary.

  • Administrative Procedure iTrip staff will administer and determine whether a damage qualifies as Covered Damage. Such staff will have the sole authority to determine the nature and extent of damages, necessary repairs and eligibility for the waiver of liability described herein. The Covered Guest must report any theft or damage to the unit or its contents to iTrip staff by the time of check-out or any otherwise applicable damage waiver for such Covered Guest will be void. The iTrip Franchisee has ultimate claim administration authority. Arbitration is required prior to litigation.

  • Administrative Penalty That Respondent shall pay an Administrative Penalty of $1,000.00 to the Participating States to be distributed equally amongst the Participating States (the “per-state payment”).

  • Administrative and Accounting Services The Administrator shall provide the Fund with regulatory reporting, fund accounting and related portfolio accounting services, all necessary office space, equipment, personnel, compensation and facilities (including facilities for Shareholders' and Directors' meetings) for handling the affairs of the Portfolios and such other services as the Administrator shall, from time to time, determine to be necessary to perform its obligations under this Agreement. In addition, at the request of the Fund's Board of Directors, the Administrator shall make reports to the Fund's Directors concerning the performance of its obligations hereunder including such activities as are set forth on Exhibit A hereto, as amended by agreement of the parties from time to time. Without limiting the generality of the foregoing, the Administrator, under the supervision of the Fund's Board of Directors, shall: o calculate Fund expenses and control all disbursements for the Fund, and as appropriate, compute the Fund's yields, total return, expense ratios, portfolio turnover rate and, if required, portfolio average dollar-weighted maturity; o assist outside Fund counsel with preparation of prospectuses, statements of additional information, registration statements and proxy materials; o prepare such reports, applications and documents (including reports regarding the sale and redemption of shares as may be required in order to comply with Federal and state securities law) as may be necessary or desirable to register the Fund's shares with state securities authorities, monitor sale of Fund shares for compliance with state securities laws, and file with the appropriate securities authorities the registration statements and reports for the Fund and the Fund's shares and all amendments thereto, as may be necessary or convenient to register and keep effective the Fund and the Fund's shares with state securities authorities to enable the Fund to make a continuous offering of its shares; o prepare communications to shareholders, including the annual and semi-annual reports to shareholders, coordinate mailing prospectuses, notices, proxy statements, proxies and other reports to Fund shareholders, and supervise and facilitate the solicitation of proxies solicited by the Fund for all shareholder meetings, including the tabulation process for shareholder meetings; o prepare, negotiate, and administer contracts on behalf of the Fund with, among others, the Fund's distributor, subject to any approvals or reapprovals by the Fund's Board of Directors required by applicable law or Board procedures; o maintain the Fund's general ledger and prepare the Fund's financial statements, including expense accruals and payments, determine the net asset value of the Fund's assets and of the Fund's shares, and provide for the payment of dividends and other distributions to shareholders; o calculate performance data of the Fund and the Portfolios for dissemination to information services covering the investment company industry; o coordinate and supervise the preparation and filing of the Fund's tax returns; o examine and review the operations and performance of the various organizations providing services to the Fund or any Portfolio directly or on a subcontracted basis as provided for herein and, at the request of the Fund's Board of Directors, report to the Board on the performance of such organizations; o provide for and coordinate the layout and printing of publicly disseminated prospectuses and the Fund's semi-annual and annual reports to shareholders; o provide internal legal and administrative services as requested by the Fund from time to time; o provide for and coordinate the design, development, and operation of the Fund, including new portfolio and class investment objectives, policies and structure; o provide individuals reasonably acceptable to the Fund's Board of Directors for nomination, appointment, or election as officers of the Fund, who will be responsible for the management of certain of the Fund's affairs as determined by the Fund's Board of Directors; o advise the Fund and its Board of Directors on matters concerning the Fund and its affairs;

  • Administrative Duties 94 SECTION 12.2 Records.....................................................................97 SECTION 12.3 Additional Information to be Furnished to the Issuer........................97

Most Referenced Clauses

Most Referenced Definitions