Common use of Annual Budgets Clause in Contracts

Annual Budgets. ‌ The School shall adopt an annual budget for the upcoming fiscal year approved by the Governing Board. The School will submit to the Commission the School’s adopted budget within forty-five (45) days of the final adoption of the state budget. Should the school need to revise its adopted annual budget, the school shall submit this revised budget to the Commission, once approved by the Governing Board, no later than May 15 of each fiscal year.

Annual Budgets. ‌ The School shall adopt an annual budget for the upcoming fiscal year approved by the Governing Board. The School will submit to the Commission the School’s adopted budget within forty-five (45) days of the final adoption of the state budget. Should the school need to revise its adopted annual budget, the school shall submit this revised budget to the Commission, once approved by the Governing Board, no later than May 15 of each fiscal year.