Assessment Calculation Clause Samples
The Assessment Calculation clause defines the method and criteria for determining the amount or value of an assessment, such as a fee, charge, or penalty, under the agreement. Typically, this clause outlines the specific formula, factors, or data sources to be used in the calculation, and may specify who is responsible for performing the calculation and when it must be completed. By providing a clear and standardized process for calculating assessments, this clause helps prevent disputes and ensures transparency and fairness in the application of financial or performance-related obligations.
Assessment Calculation. This portion of the Packaged Product Movement Summary calculates the Total Deductions Subject to LDB Mark-up. If the amount is positive, you owe the LDB mark-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the mark-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory.
Assessment Calculation. This portion of the Packaged Product Movement Summary calculates the Total Deductions Subject to LDB ▇▇▇▇-up. If the amount is positive, you owe the LDB ▇▇▇▇-up because your non- sale inventory deductions exceed the LDB shrinkage allowance. The LDB will invoice you to recover the ▇▇▇▇-up value based on the LDB Established Retail Price of the excess volume of the unaccounted movement of inventory. INFORMATION ONLY With the submission of your Packaged Product Movement Summary report, you must provide the LDB a listing of all the Warehouses located in British Columbia where you stored any of your Product as at March 31.
Assessment Calculation. To calculate assessments to member towns, the operating, transportation, capital and debt costs must first be established: From the operation cost figure, subtract the Chapter 70 amount received, the total required minimum contribution from each town, established annually by the Department of Elementary and Secondary Education, and other sources of general fund revenue. This figure is subtracted from the amount to be assessed to the member towns. The balance is the amount that exceeds the minimum required contribution. To assess each member town the amount that exceeds the minimum contribution, the enrollment of students residing in the member towns as of October 1 of the then current fiscal year will be used to calculate the assessment for the following fiscal year. The amount exceeding the minimum contribution will be allocated to the member towns based on the percent of students enrolled in the District from each member town. The calculation for apportioning above minimum costs will only count students actually attending the District. The sum of the minimum contribution for member towns and the amount exceeding minimum contribution is the operating assessment to member towns. The transportation cost is calculated by reducing the District’s transportation cost by the amount the District anticipates receiving in transportation reimbursement. The remaining amount will be allocated to the member towns according to each town’s percent of students enrolled in the District as of October 1 of the then current fiscal year, for the following fiscal year. District-based capital and debt assessments will be assessed based on the member towns’ share of District-wide enrollment. Notwithstanding the forgoing sentence, the allocation of debt and capital costs attributable to a single school shall be allocated based on the percent of students enrolled in that school from each member town, and not District-wide enrollment. A school’s enrollment for purposes of calculating capital and debt assessments are based on enrollment as of October 1 of the then current fiscal year for use to calculate the assessment for the following fiscal year. In order for a member town to be assessed for a portion of a capital expenditure, the member town’s percent of student enrollment must meet or exceed ten percent of the total school enrollment for the location from which that expense is derived. The total assessment to a member town is the sum of the operating cost, transportation cost, a...