Annual Budget Preparation and Assessment of Costs Sample Clauses

Annual Budget Preparation and Assessment of Costs. 1. Development of the Collaborative Budget: The Board shall annually determine the collaborative budget consistent with the timelines, terms, and requirements in M.G.L. c. 40, § 4E, and 603 CMR 50.00, promulgated by the Board of Elementary and Secondary Education and this agreement. 2. The Board shall propose a budget for the upcoming fiscal year at least sixty days prior to the close of the current fiscal year. The Board shall identify the programs and services to be offered by the collaborative in the upcoming fiscal year and the corresponding costs. 3. The proposed budget shall contain all planned financial activity for the upcoming fiscal year. 4. Expenditures from grant funds, trust funds, and other funds not designated as general funds that by law may be expended by the Board without further appropriation shall be segregated in the budget. 5. The general fund budget shall segregate all operating expenditures, capital expenditures, debt service payments and deposits to or withdrawals from the capital reserve. 6. The general fund budget will be classified into such line items as the Board shall determine but, at a minimum, delineate amounts for operating expenditures, including, administration, instructional and rental expenses and capital expenditures, including debt service payments and deposits to or expenditures from capital reserves. 7. The proposed budget shall delineate the tuition rates, membership dues, other fees for services to be paid by member and non-member districts, and rates established by other state agencies and shall be adopted by the Board. 8. Tuition rates and other fees are established based on actual costs associated with programs’ operations and expenses and the number of anticipated enrollees or participants. Tuition rates may be changed by the Board when it determines that cost increases or changes in utilization warrant these rate changes for the program(s) and services related to these conditions and will require a budget amendment in accordance with Section VII. H. of this agreement. 9. A non-member surcharge, not greater than 10%, may be assessed for students enrolled in Shore programs from non-member districts and/or for professional development, consultation, specialized assessments or evaluations, financial or other administrative services. The purpose of the surcharge is to provide benefit to the member districts paying annual membership fees and will be used to support administrative costs. These surcharges will be e...
Sample 1
AutoNDA by SimpleDocs
Annual Budget Preparation and Assessment of Costs. 1. Development of the Collaborative Budget: The board shall annually determine the collaborative budget consistent with the timelines, terms, and requirements in M.G.L. c. 40, s 4E, regulations promulgated by the Department and this agreement. a. At a time determined by the board, the board shall propose a budget for the upcoming fiscal year. The board shall identify the programs or services to be offered by the collaborative in the upcoming fiscal year and the corresponding costs. b. The proposed budget shall contain all planned financial activity for the upcoming fiscal year. c. The proposed budget shall be classified into such line items as the board shall determine, but shall at a minimum delineate amounts for operating expenditures, including, administration, instructional and rental expenses and capital expenditures, including debt service payments and deposits to capital reserve. d. The proposed budget shall delineate the tuition prices for member and non- member districts as well as fees for services and membership dues. An additional fee will be charged to non-member districts in order to offset the administrative and indirect costs of providing programs and services to non- member districts (e.g., seventeen percent [17%] above member rates). Tuition rates and fees for services are based on the overall cost, including direct and indirect expenses, and the number of students served by the program or service. Membership dues are based on the member district’s enrollment as of October 1 of the previous year multiplied by the board-determined amount (e.g., four dollars per student enrolled). In collaboration with staff and member districts, CAPS begins forecasting the annual budget at the beginning of each school year. The process includes input from program coordinators, teachers, and related services personnel. District special education directors, business managers, and Finance Subcommittee members participate in the process of determining the demand for programs and services. Estimates of enrollment, staff needed to maintain quality of services, administrative overhead, and resources needed to make improvement are used to project the next fiscal year’s budget. e. As applicable, capital costs shall be included in the budget and each member district shall be charged a proportionate share based on the member district’s enrollment as of October 1 of the previous school year as a percentage of the total enrollment of member districts. 2. The budget sha...
Sample 1
Annual Budget Preparation and Assessment of Costs. 1. Development of the Collaborative Budget: The Board shall annually determine the Collaborative’s budget consistent with the timelines, terms, and requirements in M.G.L. c. 40, s 4E, 603 CMR 50.00 and all other regulations promulgated by the Board of Elementary and Secondary Education and this Agreement. a. By April 30 of each year, the Board shall propose a budget for the upcoming fiscal year. The Board shall identify the programs or services to be offered by the Collaborative in the upcoming fiscal year and the corresponding costs. b. The proposed budget shall contain all planned financial activity for the upcoming fiscal year. c. The proposed budget shall be classified into such line items as the Board shall determine, but shall at a minimum delineate amounts for operating expenditures, including, administration, instructional and rental expenses and capital expenditures, including debt service payments and deposits to capital reserve. d. The proposed budget shall include the methodology used to determine tuition prices for member and non-member pupils as well as the methodology to determine fees for services and membership dues based on the cost of providing Collaborative programs. 2. Prior to its approval by the Board, the budget shall be discussed at a public meeting of the Board, and notice shall be provided to each member district ten (10) working days before the date of the Board meeting. 3. The Board shall adopt the final budget by affirmative majority vote at a subsequent meeting no earlier than ten (10) working days after the Board meeting at which the Collaborative’s budget was first proposed but no later than June 30 of the preceding fiscal year.
Sample 1
Annual Budget Preparation and Assessment of Costs. The agreement must outline the detailed procedure for the preparation and adoption of an annual budget, tuition rates, membership dues and fees-for-service. 603 CMR 50.03(5)(b)7. Collaborative agreements must also contain the method and timeline for notification and payment of tuition, membership dues and fees-for-service. 603 CMR 50.03(5)(b)8. The collaborative must provide public notice to member districts about the collaborative board meeting at which the proposed budget will be discussed. 603 CMR 50.07(5)(e). The budget must be approved by at least a majority vote of the collaborative board, and the meeting at which the final budget is approved must be held a minimum of ten working days following the collaborative board meeting at which the budget was first proposed. 603 CMR 50.07(6)(a). An example is provided below.
Sample 1
Annual Budget Preparation and Assessment of Costs. 1. The Board shall annually determine the collaborative budget consistent with the timelines, terms, and requirements in M.G.L. c. 40, § 4E, regulations promulgated by BESE, and this Agreement. 2. By March 31 of each year, the Board shall propose a budget for the upcoming fiscal year. The budget shall identify all of the programs or services to be offered by TEC in the upcoming fiscal year and the corresponding costs. 3. The budget shall contain all planned financial activity for the upcoming fiscal year and support TEC’s mission statement, and long and short range goals. 4. Expenditures from grant funds, trust funds and other funds not designated as general funds that, by law, may be expended by the Board without further appropriation shall be segregated in the budget. 5. The general fund budget shall segregate all operating expenditures, capital expenditures, debt service payments, and deposits to capital reserve. 6. The budget shall be classified into such line items as the Board shall determine, but shall, at a minimum, delineate amounts for operating expenditures, including, administration, instructional and rental expenses and capital expenditures, including debt service payments and deposits to capital reserve. 7. The budget shall include the methodology used to determine tuition prices for students from Member and Non-Member Districts as well as the methodology to determine fees for services and membership dues. Non-Member District tuitions will be set at no more than 30% above the Member District tuitions as determined by the Board annually during the budget process. This surcharge will be used, in addition to the Member District assessment, to offset the total administrative cost of TEC. All tuitions and fees will be based on the total cost of providing TEC's programs, including administration, divided by the number of students or users expected to enroll in each program or service. 8. As applicable, capital costs shall be included in the budget and built into the total costs of the programs. Capital costs will be built into the tuition(s) and/or fee(s) of the program(s) and/or service(s) that will benefit from the capital expenditure. 9. Membership dues, if assessed, shall be assessed to each Member District on July 1st of each year. The amount will be assessed based on a set amount shared equally amongst all member districts as determined by the Board. This set amount will be reduced based on the pro rata population of the total number of TEC M...
Sample 1
Annual Budget Preparation and Assessment of Costs. 1. Development of the Collaborative Budget: The Board shall annually determine the Collaborative budget consistent with the timelines, terms, and requirements in M.G.L. c. 40, s 4E, 603 CMR 50.00, and all other regulations promulgated by the Board of Elementary and Secondary Education and this agreement. 2. Prior to its approval by the Board, the budget shall be discussed at a public meeting of the Board. 3. The proposed budget shall contain all planned financial activity for the upcoming fiscal year. 4. The proposed budget shall be classified into such line items as the Board shall determine but shall at a minimum delineate amounts for operating expenditures, including, administration, instructional and rental expenses and capital expenditures, including debt service payments and deposits to capital reserve. 5. Member districts will be assessed tuition charges for individual students from respective member towns and districts based on predetermined total cost of individual programs as set by an approved operating budget divided by the total enrollment for each program. The above total cost will cover all administrative, instructional, other services, maintenance, fixed charges, summer school, and equipment purchases. Provision may be made by vote of the Board for adjusted charges in tuition upon the elimination of programs or increasing or decreasing changes in the enrollment count in respective programs. 6. Fees for services shall be based on the cost of providing collaborative services and shall be approved by the Board of Directors on an annual basis. 7. The Board shall adopt the budget by affirmative majority vote at a subsequent meeting no earlier than ten (10) working days after the Board meeting at which the Collaborative’s budget was first proposed but no later than June 30 of the preceding fiscal year. 8. The Board shall adopt the final budget by affirmative majority vote. 9. The Board may amend the budget throughout the year as fiscal issues dictate.
Sample 1

Related to Annual Budget Preparation and Assessment of Costs

  • Costs of negotiation, preparation etc The Borrowers shall pay to the Agent on its demand the amount of all expenses incurred by the Agent or the Security Trustee in connection with the negotiation, preparation, execution or registration of any Finance Document or any related document or with any transaction contemplated by a Finance Document or a related document.

  • Amendment costs If (a) the Borrower requests an amendment, waiver or consent or (b) an amendment is required pursuant to Clause 27.9 (Change of currency), the Borrower shall, within three Business Days of demand, reimburse the Agent for the amount of all costs and expenses (including legal fees) reasonably incurred by the Agent in responding to, evaluating, negotiating or complying with that request or requirement.

  • Reimbursement of Costs and Expenses Seller shall have paid, or reimbursed Purchaser for, all reasonable and documented out-of-pocket expenses, including but not limited to reasonable legal fees of outside counsel and reasonable and due diligence fees, actually incurred by Purchaser in connection with the development, preparation and execution of this Agreement, the other Transaction Documents and any other documents prepared in connection herewith or therewith.

  • Additional Expenses to be inserted if applicable.

  • Periodic Review of Costs of Environmental Compliance In the ordinary course of its business, the Company conducts a periodic review of the effect of Environmental Laws on the business, operations and properties of the Company and its subsidiaries, in the course of which it identifies and evaluates associated costs and liabilities (including, without limitation, any capital or operating expenditures required for clean-up, closure of properties or compliance with Environmental Laws or any permit, license or approval, any related constraints on operating activities and any potential liabilities to third parties). On the basis of such review and the amount of its established reserves, the Company has reasonably concluded that such associated costs and liabilities would not, individually or in the aggregate, result in a Material Adverse Change.

  • Development Costs Licensee shall be responsible for all of its costs and expenses in connection with the Development of, and obtaining and maintaining Regulatory Approvals for, the Licensed Products in the Field in the Territory.

  • Medical Expenses 1. Employees exposed to hazardous physical, biological, or chemical agents shall be provided, at no cost to the employee, with medical examinations or evaluations required by VOSHA regulations. If there are no specific VOSHA regulations or standards for the agent in question, recommendations of the National Institute of Occupational Safety and Health or other generally recognized expert organization shall be used, as determined by the Commissioner of Health. 2. Employees determined by the Health Department to be at substantial risk for exposure to contagious diseases shall be provided appropriate vaccines. Groups at risk will be defined by the Vermont Department of Health. If no guidelines have been published by the Department of Health, the guidelines published by the Center for Disease Control in Atlanta, Georgia will apply. Vaccines and/or appropriate medical examinations will be provided at no cost to the employee according to applicable guidelines. 3. Any Department wishing to implement a Medical Monitoring Program on or after July 1, 1990, shall do so by conferring with the Health Department, and the Department of Human Resources. Prior to implementation, the Department of Human Resources shall notify VSEA. The parties shall meet within ten (10) days (unless mutually extended) after a request for negotiations by either party and thereafter on a regular basis for a period not exceeding forty-five (45) calendar days, after which the State may implement the program, whether or not the parties have bargained to genuine impasse. The VSEA shall retain all statutory impasse procedure rights as may be lawfully available to VSEA during the life of this Agreement, provided, however, the State at any time may withdraw its proposed medical monitoring program or terminate without further bargaining a medical monitoring program previously implemented, in which case, such retained statutory impasse procedure rights are extinguished.

  • Reimbursement of Costs Incurred The Contractor agrees to reimburse the Authorized User promptly for any and all additional costs and expenses incurred for acquiring acceptable services, and/or replacement Product. Should the cost of cover be less than the Contract price, the Contractor shall have no claim to the difference. The Contractor covenants and agrees that in the event suit is successfully prosecuted for any default on the part of the Contractor, all costs and expenses, including reasonable attorney’s fees awarded by a court of competent jurisdiction, shall be paid by the Contractor.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Reimbursement of Costs City may reimburse Consultant’s out-of-pocket costs incurred by Consultant in the performance of the Required Services if negotiated in advance and included in Exhibit A. Unless specifically provided in Exhibit A, Consultant shall be responsible for any and all out-of-pocket costs incurred by Consultant in the performance of the Required Services.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!