Authorized Budget Sample Clauses

Authorized Budget. (a) Not less than ninety (90) days prior to the beginning of each fiscal year, or as soon as possible thereafter, the President shall submit to the Shareholder’s Board, a budget for such fiscal year. (b) The Shareholder’s Board shall review and, if deemed appropriate, approve the budget and business plan for each fiscal year by Extraordinary Vote. For the purposes of this Agreement, upon such approval, such budget and business plan shall be an Authorized Budget. (c) At least once each fiscal quarter or such other period or periods as the Shareholder’s Board may determine from time to time, the President shall submit to the Shareholder Board a report explaining any material variations between the operations of the Corporation for year-to-date results and the projected operations and budget that were contained in the Authorized Budget. (d) An Authorized Budget may be amended from time to time within any fiscal year by the Shareholder’s Board by Extraordinary Vote. (e) The Corporation shall not expend or commit for expenditure of any funds or incur any costs in addition to those costs contemplated or contained in an Authorized Budget if such amounts represent a material amount based on the size of the applicable Authorized Budget, unless such additional expenditures have been approved by the Shareholder’s Board by Extraordinary Vote.
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Authorized Budget. (a) Not less than 90 days prior to the beginning of each fiscal year, the President shall submit to the Board a budget and business plan for such fiscal year. (b) The Board shall review and, if deemed appropriate, approve the budget and business plan for each fiscal year. For the purposes of this Agreement, upon such approval, such budget and business plan shall be an Authorized Budget. (c) No later than 30 days after the end of each fiscal quarter or such other period or periods as the Board may determine from time to time, the President shall submit to the Board a report explaining any material variations between the operations of the Corporation for year-to-date results and the projected operations and budget that were contained in the Authorized Budget. (d) The Corporation shall not expend any funds or incur any costs in addition to those costs contemplated or contained in the Authorized Budget unless such additional expenditures have been approved by the Board.
Sample 1
Authorized Budget. (a) Not less than 90 days prior to the beginning of each fiscal year, the President shall submit to the Shareholders= Board a budget and business plan for such fiscal year. (b) The Shareholders= Board shall review and, if deemed appropriate, approve the budget and business plan for each fiscal year. For the purposes of this Agreement, upon such approval, such budget and business plan shall be an Authorized Budget. (c) No later than 30 days after the end of each fiscal quarter or such other period or periods as the Shareholders= Board may determine from time to time, the President shall submit to the Shareholders= Board a report explaining any material variations between the operations of the Corporation for year-to-date results and the projected operations and budget that were contained in the Authorized Budget. (d) The Corporation shall not expend any funds or incur any costs in addition to those costs contemplated or contained in the Authorized Budget unless such additional expenditures have been approved by the Shareholders= Board.
Sample 1
Authorized Budget. Manager shall obtain prior permission from Owner before exceeding expenses established in budget. Manager is approved to spend funds in accordance with prior agreed upon threshold or $150 per service call, whichever is greater, without approval or notification of Owner. Owner authorizes Manager to act in their authority if Owner is not responsive or is unable to be reached within a reasonable amount of time regardless of threshold. In the case of after-hours maintenance emergencies, Owner authorizes Manager to exceed threshold at Manager’s discretion.
Sample 1
Authorized Budget. The Commission-approved monthly budget for the City’s performance of the Authorized Work hereunder (“Monthly Bridge Funding Budget”), not including SCE costs and rebates and incentives, shall not exceed $1,000. The Parties acknowledge that any unspent funds in a single month may not be spent in future months, unless prior written authorization is provided by SCE. The Monthly Bridge Funding Budget may be supplemented on a case-by-case basis but only with prior written authorization from SCE in the event that there are large projects that exceed such Monthly Bridge Funding Budget or that the Parties can produce significant additional savings with additional funds.
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Authorized Budget. The Commission-approved total for performance of the
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Authorized Budget. The total Authorized Budget for performance of the Authorized Work is $3,630,537. No Party shall be entitled to compensation in excess of the Authorized Budget for such Party’s Authorized Work obligations. However, if SDG&E executes any fund shift in accordance with Section 9.4 below, then each Party shall be entitled to compensation up to, but not exceeding, the Authorized Budget, as revised to reflect such fund shift, for such Party’s Authorized Work obligations.
Sample 1
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Authorized Budget. The total funding for performance of the Authorized Work is $50,000 for project development and technical support.
Sample 1
Authorized Budget. The Authorized Budget for performance of the Authorized Work is based on the Program Implementation Plan. No Party shall be entitled to compensation in excess of the total amounts approved in the Program Implementation Plan. However, if the Parties agree to and execute any fund shift in accordance with Section 10.7 below, then the County shall be entitled to compensation up to, but not exceeding, the total amounts in the amended Program Implementation Plan as revised to reflect such fund shift, for such Party’s Authorized Work obligations.
Sample 1

Related to Authorized Budget

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • AUTHORIZED EXPENDITURES Only expenditures which are detailed in the approved budget of the grant application, a revised budget, or an amended budget approved by the OAG are eligible for reimbursement with grant funds. Any requested modification to the budget must be submitted by the Provider in writing to the OAG and will require prior approval by the OAG. Budget modification approval is at the sole discretion of the OAG. Any grant funds reimbursed under this Agreement must be used in accordance with the rules implementing the provisions of VOCA, 34 U.S.C. § 20103, Crime Control and Law Enforcement, 28 C.F.R. §§94.101 through 94.122, the federal government-wide grant rules as set forth in the 2 C.F.R. § 200, and the U.S. Department of Justice, (DOJ), Office of Justice Programs, DOJ Grants Financial Guide, (Financial Guide), and any other regulations or guidelines currently or subsequently required by the U.S. Department of Justice and state or federal laws. Expenditures for the acquisition and maintenance of telephones and equipment will be proportional to the percentage of VOCA grant funded staff who utilize the telephones and equipment, as contemplated by this Agreement. Grant funds cannot be used as a revenue generating source and crime victims cannot be charged either directly or indirectly for services reimbursed with grant funds. Third party payers such as insurance companies, victim compensation, Medicare or Medicaid may not be billed for services provided by grant funded personnel to clients. Grant funds must be used to provide services to all crime victims, regardless of their financial resources or availability of insurance or third-party reimbursements. Travel expenses will be reimbursed with grant funds only in accordance with section 112.061, Florida Statutes. Expenditures of state financial assistance must be in compliance with all laws, rules and regulations applicable to expenditures of state funds, including, but not limited to, the Florida Reference Guide for State Expenditures. Only allowable costs resulting from obligations incurred during the term of this Agreement are eligible for reimbursement, and any balances of unobligated cash that have been advanced or paid that are not authorized to be retained for direct program costs in a subsequent period must be refunded to the OAG. Any funds paid in excess of the amount to which the Provider is entitled under the terms of this Agreement must be refunded to the OAG. The Provider will reimburse the OAG for all unauthorized expenditures and the Provider will not use grant funds for any expenditures made by the Provider prior to the execution of this Agreement or after the termination date of this Agreement. If the Provider is a unit of local or state government, the Provider must follow the written purchasing procedures of that governmental agency or unit. If the Provider is a non-profit organization, the Provider will obtain a minimum of three written quotes for all single item grant-related purchases equal to or in excess of $2,500 unless it is documented that the vendor is a sole source supplier. The Provider will use the lowest quote for the purchase.

  • Annual Budget For the partial year period commencing on the date hereof, and for each calendar year thereafter, the Borrower shall submit to Lender an Annual Budget not later than sixty (60) days prior to the commencement of such period or calendar year in form reasonably satisfactory to Lender, or for so long as an Operating Lease remains in effect, no later than five (5) Business Days after a budget is delivered to Borrower by an Operating Lessee pursuant to the terms of an Operating Lease. The Annual Budget submitted for the calendar year in which a Trigger Event occurs, and for each calendar year thereafter during a Trigger Period, shall be subject to Lender's written approval, which approval shall not be unreasonably withheld (each such Annual Budget as approved by Lender, an "Approved Annual Budget"). In the event that Lender objects to a proposed Annual Budget submitted by Borrower or an Operating Lessee, Lender shall advise Borrower of such objections within thirty (30) days after receipt thereof (and deliver to such party a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, such Annual Budget and resubmit the same to Lender. Lender shall advise Borrower of any objections to such revised Annual Budget within ten (10) days after receipt thereof (and deliver to Borrower a reasonably detailed description of such objections) and Borrower shall promptly revise, or cause Operating Lessee to revise, the same in accordance with the process described in this subsection until the Lender approves the Annual Budget. Until such time that Lender approves a proposed Annual Budget, the most recently Approved Annual Budget shall apply; provided that, such Approved Annual Budget shall be adjusted to reflect actual increases in real estate taxes, insurance premiums and utilities expenses.

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