Budget Account Sample Clauses

Budget Account. Amount Obligated for this Action: $
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Budget Account. The budget account referred to in clause 9.5
Sample 1
Budget Account. Fund Custodian
Sample 1
Budget Account. A. Consultant to maintain the existing UnionBank Trust Account for the OCDCSA. Account Number 0102123957 (Account) established under the terms and conditions of that certain Agreement for Consulting Services between the Oxnard Community Development Commission (aka Community Development Commission) and Alert Management Company dated August 27, 2008 and for processing payment of expenses for the operation and maintenance of the Properties. The Consultant shall not deposit any of its personal funds into the Account. Any interest accrual shall be credited to the Account. Consultant shall not be liable in event of bankruptcy or failure of a financial institution. B. The Account shall monthly be reimbursed for building operations and maintenance expenses incurred during the previous month. The amount of the reimbursement shall be equal to the actual expenditures made from the account. Funding for the Account shall not exceed seven thousand dollars ($7,000) at any given time unless approved in writing by the Services Manager. Funds deposited into the account may be increased or decreased by the Services Manager or designee. C. Funds deposited into the Account shall remain the property of OCDCSA. D. Consultant will maintain an adequate supply of checks. E. Printing charges for checks will be charged directly to the Budget Account. F. Checks will be serialized and preprinted as follows: “Alert Real Estate Services Inc., Alert Management Company 000 & 000 X X, 000X0xx, 318W5th 321W6TH” The address and telephone number on the check stock shall be that of Alert Management Company. G. The quantity of checks to be ordered will be sufficient to cover a period of not more than one year unless a large quantity is approved by the Services Manager or designee. H. Consultant will designate, in writing, two employees to sign Account checks. I. Funds in the Account will be disbursed exclusively for payment of operation, maintenance, and other related expenses of the Properties pursuant to Exhibit A. J. Reconciled statements shall be retained by Consultant for a period of three years. K. Upon closure of the account, Consultant shall return all account supplies and any remaining funds in the Account to the Director or designee. L. A full accounting will be provided by Consultant for all payments received and disbursements made under the Agreement. EXHIBIT INS-A INSURANCE REQUIREMENTS FOR CONSULTANTS (WITH ERRORS AND OMISSIONS REQUIREMENT) Consultant shall obtain and maintain duri...
Sample 1
Budget Account. To offer members an account that enables them to set money aside for the payment of regular bills. The sums set aside will be agreed in advance with their CU who will hold agreed amounts on their behalf to help members meet their commitments. The service must be automated, member funds must be protected, and members must have the option of withdrawing from the account. To offer members an account into which the loan is made and repayments automatically debited. This account would link to the credit control facility and trigger an automatic action once a payment is missed. To offer members an account into which savings deposits may be made and on which dividends or interest will be paid. System Functionality For current accounts members must have access to balance and transaction data in real time through ATM, telephone and internet channels. For saving and loan accounts members must have access to overnight balance data through telephone and internet access. The member will have access to their cash through a wide range of CUs, LINK ATMs and across Post Office counters Current, saving and loan accounts should be operable by CU or other relevant staff through an integrated system that minimises data input.
Sample 1

Related to Budget Account

  • Health Spending Account contributions by the Executive will cease on the Effective Date. The Executive may submit claims against the balance accrued to the Effective Date, until the end of the calendar year in which the Effective Date occurs.

  • Income Account The Trustee shall collect the dividends and other cash distributions on the Securities in each Trust which would be treated as dividend (other than capital gain dividends) or interest income under the Internal Revenue Code as such become payable (including all monies which would be so treated representing penalties for the failure to make timely payments on the Securities, or as liquidated damages for default or breach of any condition or term of the Securities or of the underlying instrument relating to any Securities and other income attributable to a Failed Contract Obligation for which no Replacement Security has been obtained pursuant to Section 3.12 hereof) and credit such income to a separate account for each Trust to be known as the "Income Account." Any non-cash distributions received by a Trust shall be sold to the extent they would be treated as dividend or interest income under the Internal Revenue Code and the proceeds shall be credited to the Income Account. Except as provided in the preceding sentence, non-cash distributions received by a Trust (other than a non-taxable distribution of the shares of the distributing corporation which shall be retained by a Trust) shall be dealt with in the manner described in Section 3.11, herein, and shall be retained or disposed of by such Trust according to those provisions and the proceeds thereof shall be credited to the Capital (Principal) Account. Neither the Trustee nor the Depositor shall be liable or responsible in any way for depreciation or loss incurred by reason of any such sale. All other distributions received by a Trust shall be credited to the Capital (Principal) Account."

  • Health Spending Account (HSA Wellness Spending Account (WSA)/Registered Retirement Savings Plan (RRSP) utilization rates;

  • Retirement Accounts With respect to certain retirement plans or accounts (such as individual retirement accounts (“IRAs”), SIMPLE IRAs, SEP IRAs, Xxxx IRAs, Education IRAs, and 403(b) Plans (such accounts, “Retirement Accounts”), the Transfer Agent, at the request and expense of the Fund, provide or arrange for the provision of various services to such plans and/or accounts, which services may include custodial agent services such as account set-up maintenance, and disbursements as well as such other services as the parties hereto shall mutually agree upon.

  • Flexible Spending Account The parties agree that the State shall have the right to use State Employee Health Plan funds to cover the administrative costs of operating the medical and dependent care flexible spending account programs.

  • Contribution Formula - Basic Life Coverage For employee basic life coverage and accidental death and dismemberment coverage, the Employer contributes one-hundred (100) percent of the cost.

  • Health Care Spending Account After six (6) months of permanent employment, full time and part time (20/40 or greater) employees may elect to participate in a Health Care Spending Account (HCSA) Program designed to qualify for tax savings under Section 125 of the Internal Revenue Code, but such savings are not guaranteed. The HCSA Program allows employees to set aside a predetermined amount of money from their pay, not to exceed the maximum amount authorized by federal law, per calendar year, of before tax dollars, for health care expenses not reimbursed by any other health benefit plans. HCSA dollars may be expended on any eligible medical expenses allowed by Internal Revenue Code Section 125. Any unused balance is forfeited and cannot be recovered by the employee.

  • Cash Account Except as otherwise provided in Instructions acceptable to Bank, all cash held in the Cash Account shall be deposited during the period it is credited to the Account in one or more deposit accounts at Bank or at Bank's London Branch. Any cash so deposited with Bank's London Branch shall be payable exclusively by Bank's London Branch in the applicable currency, subject to compliance with any Applicable Law, including, without limitation, any restrictions on transactions in the applicable currency imposed by the country of the applicable currency.

  • Interest Bearing Account If the Province provides Funds before the Recipient’s immediate need for the Funds, the Recipient will place the Funds in an interest bearing account in the name of the Recipient at a Canadian financial institution.

  • Flexible Spending Accounts Employees in the unit shall have access to the County’s flexible spending account program, which provides employees with the options of dependent care assistance benefits with a calendar year maximum of $5,000, and medical expense reimbursement benefits with a calendar year maximum of $2,400. The County shall maintain this plan in compliance with IRC §125. Employee premiums for flexible spending account benefits shall be deducted on a pre-tax basis from employee pay.

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