Common use of ADOPTION OF BUDGET Clause in Contracts

ADOPTION OF BUDGET. By September of each year the Executive Board shall adopt a draft annual work program, budget, and cost allocation for the ensuing fiscal year that identifies anticipated activities, goals, revenues, and expenditures for completing the work program. The final work program, budget, and cost allocation for the ensuing year shall be adopted by the Executive Board no later than November of each year. No increase or decrease to the final budget shall occur without the approval of the Executive Board.

Appears in 6 contracts

Samples: Kitsap Regional Coordinating Council Interlocal Agreement, Kitsap Regional Coordinating Council Interlocal Agreement, Kitsap Regional Coordinating Council Interlocal Agreement

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