Budget and Accounting. The PSA shall establish an annual budget in accordance with the requirements of applicable law. The PSA shall record all liabilities and loans in excess of $3,000, individually or in the aggregate, in the fiscal year to which the liability relates.
Budget and Accounting. The Charter School’s funding allocation for its first school year under this Contract, subject to adjustment based on state funding and enrollment, and a statement of costs assignable to the Charter School program budget are attached as part of the final District-approved Charter School application. The budget will be amended on an annual basis to reflect any changes in Charter School’s funding allocation or assigned costs for subsequent school years. On or before the 15th day of November of each year, the Charter School shall provide the District with an annual budget for the following school year for approval. Charter School acknowledges that adjustments to the Charter School budget may be necessary if the estimated revenues are revised due to actions by the District’s Board, the Alaska Statue Legislature, or the Anchorage Municipal Assembly. Charter School shall account for receipts and expenditures by using and complying with the District’s accounting, audit, and other fiscal procedures. Charter School shall establish, maintain, and retain appropriate financial records in accordance with all applicable federal, state, and local laws, rules and regulations, and will make such records available to the District upon request. Charter School agrees that it shall comply with all local, state, and federal requirements for receipt and use of public money.
Budget and Accounting. Identification of equipment inventory rests with Budget and Accounting for all equipment inventory defined above, except for computers and related technology items. Identification of computer equipment and related technology items rests with Computing Services. Both the Budget and Accounting and Computing Services departments, respectively, will maintain, in electronic form, master lists of equipment inventory, to include such information as description, serial number or VIN, acquisition date, cost (or fair market value if donated), funding source, physical location and other information required to identify and maintain the equipment inventory. These inventory systems will also include information to define the disposition of equipment, whether sold, lost, or declared salvage.
Budget and Accounting. Manager shall set up a bank account in Owner’s name, with Manager having signatory authority (“Account”). Manager shall deposit all Property receipts of any type or source into the Account. Manager shall prepare periodic operating budgets for the Property for Owner's review and approval (“Budget”). Manager shall pay directly from the Account any and all expenditures pursuant to the Budget (including Section 4 fees and expenses payable to Manager), provided that Manager may exceed any specific line item in the Budget by up to 10% in the event of an emergency threatening imminent danger to person or property. Manager shall prepare and deliver quarterly and annual accounting reports on a cash basis along with a comparison to Budget.
Budget and Accounting. Annually, and concurrently with the pay to the City $75,000 annually for services of the City Attorney’s Office.
Budget and Accounting. (a) Annually, and not later than of each year, the Commission shall create and approve a budget for the operation and maintenance of the Department for the following calendar year, with the cost to be allocated equally between the Town and the City. The budget shall be submitted by such date to the clerks of the Parties. The budget shall be based upon anticipated income and projected expenditures in amounts which the Commission deems to be required for operation of the Department at a standard reasonably necessary to insure the protection and safety of residents of the Town and the City and any other entities with whom the Department has contracts to provide services.
(b) Upon receipt of the budget, the governing body of each member municipality shall promptly consider and approve or reject the budget and shall notify the Commission of its decision. In the event the budget is not approved by either of the Parties, the Commission shall create and submit to the clerks of the - member municipalities, one or more subsequent drafts of a revised budget which shall be promptly acted upon by the governing bodies of the member municipalities and approved or rejected.
(c) All fees collected by the Department shall be used to offset expenses.
Budget and Accounting. The PSA shall establish an annual budget in accordance with the requirements of applicable law.
Budget and Accounting. The Chief Executive Officer shall prepare and submit to the Board of Directors in sufficient time for revision and adoption prior to July 1 of each year, the annual budget of the Authority for the next succeeding Fiscal Year. All expenditures of the Authority shall be within the approved annual budget and in accordance with the bylaws of the Authority and all applicable rules, policies, and procedures adopted by the Board of Directors. No expenditures in excess of those budgeted shall be made without the approval of the Board of Directors. The books of account and other financial records of the Authority shall be audited annually, or biennially if so authorized by the Board of Directors, by an independent certified public accountant and any cost of the audit shall be paid by the Authority. The minimum requirements shall be those prescribed by the State Controller under California Government Code Section 26909 and in conformance with generally accepted auditing standards. The annual audit, or biennial as the case may be, shall be submitted to the Board of Directors when completed.
Budget and Accounting. The Charter School shall provide an annual budget to the School Board for approval on or before the fifteenth day of January each school year. Charter School's funding allocation for the school year and a statement of costs assignable to the Charter School program budget is attached as Appendix A to this agreement. Appendix A will be amended on an annual basis to reflect any changes in Charter School's funding allocation or assigned costs for subsequent school years. Charter School shall account for receipts and expenditures by using and complying with the School District's accounting, audit, and other fiscal procedures. Charter School covenants and agrees that it shall comply with all state and federal requirements for receipt and use of public money.
Budget and Accounting a. AECS shall provide an annual budget to School District for approval according to schedules determined by the district. AECS shall account for receipts and expenditures by using and complying with the school district purchasing and accounting systems. AECS covenants and agrees that it shall comply with all state and federal requirements for the receipt and use of public money.
