Budget Considerations Clause Samples

The Budget Considerations clause defines how financial resources are allocated and managed for a particular project or agreement. It typically outlines the total budget, specifies allowable expenses, and may set procedures for requesting additional funds or reallocating budget items. This clause ensures that all parties are aware of financial limitations and responsibilities, helping to prevent overspending and disputes related to funding.
Budget Considerations. By May 1st of each year, the Joint Committee will estimate the number of CTs needed for the following year and will communicate in writing that number to the Superintendent. If the cost for the stipends for the CTs, for the stipends for the Joint Committee members, and for the other required costs for the PAR program exceed the additional funding received from the State, the Superintendent may authorize the additional expenses or will notify the Joint Committee of the need for reductions. The Joint Committee will review the estimate of the number of CTs needed for the following year and shall reduce the number of CTs based on the following priorities: 18.4.4.1 The first participants to be served in the PAR program the following year will be the RTs; 18.4.4.2 If the cost for the CTs needed to assist the RTs is less than the additional funding the Joint Committee will determine the number of VTs who will participate the following year; 18.4.4.3 If the cost to assist the RTs and VTs is less than the additional funding the Joint Committee will determine the number of NTs who will participate. 18.4.4.4 Should the Joint Committee and the District agree mutually to use any of the remaining additional funding received from AB1X to pay costs for teachers to participate in the National Board Certification Process, a side letter will be developed by the parties.
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Budget Considerations. The VILLAGE shall endeavor to minimize annual increases in the cost of service to VILLAGE and TOWN residents under this Agreement, while still providing the high level of service provided prior to incorporation.
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Budget Considerations. A. Consulting Teacher(s) will receive a stipend of $2,500. B. Consulting Teacher(s) will also receive an hourly rate of $40 per hour for non‐release hours up to a total of fifty (50) hours per Consulting Teacher, per school year. (This hourly rate is applicable only to the PAR Program.) C. $2000 will be allocated for materials, training and staff development expenses approved by the Joint Committee. D. Any unspent funds in the PAR Program will be carried over into staff development for the following year. E. Up to five percent (5%) of the funds received by the District may be expended for administrative use. F. All amounts listed above are subject to change based on the funding received by the District for the PAR Program.
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Budget Considerations. Subject to any restrictions set forth in any agreements to which any of the Subsidiaries are party, all money required to operate the Liquidating Assets shall be obtained from the net proceeds realized from the sale of Liquidating Assets and distributions to the Company in respect of the capital stock of any Subsidiary.
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Related to Budget Considerations

  • Financial Considerations 9.1. In consideration for the rendering of the services, the cidb shall pay the service provider as set forth in Annexure “B” hereof. 9.2. The Service Provider acknowledges that as an independent contractor it will be remunerated for delivery of a specific services as set forth in Annexure “A” hereof. 9.3. Where the Service Provider is a registered VAT vendor, payment of the fees shall be payable to the Service Provider within 30 (thirty) days of receipt of a duly completed VAT invoice, less applicable financial penalties and disputed amounts, provided the invoice is accurate and meets the requirements of this Agreement 9.4. Each invoice shall contain- 9.4.1. A description of the Services rendered; and 9.4.2. Any such details as may reasonably be requested by the cidb, from time to time. 9.5. Should the cidb query an item in an invoice, the Service Provider shall within seven (7) days after a written request by the cidb, provide the cidb with any other documentation or information reasonably required by the cidb in order to verify the accuracy of the amounts due on an invoice. 9.6. The Service Provider shall for the contract term and for a period of three (3) years after the termination of this Agreement, maintain a complete audit trail of the Services performed under this Agreement, sufficient to permit a complete audit thereof. 9.7. Unless otherwise agreed in writing, the cidb shall not be responsible for any subsistence, accommodation, and travel allowances that the service provider may incur in rendering the services. Any extraordinary expenses if payable by the cidb will require cidb’s prior approval before they are incurred by the service provider. 9.8. The cidb will pay the Service Provider for work completed by direct transfer into the following bank account of the Service Provider or such other bank account designated by the Service Provider from time to time. 9.9. The cidb may withhold payment of fees that the cidb disputes in good faith or, if the disputed fees have already been paid, the cidb may withhold an equal amount from a later payment, including disputes in respect of an error in an invoice or an amount paid. If the cidb withholds any such amount- 9.9.1. The cidb shall promptly notify the Service Provider that it is disputing such amount providing a reasonable explanation of the rationale therefore and the Parties shall promptly first address such dispute in accordance with this Clause 16; 9.9.2. If the dispute relates to (or equals in the case of disputed amounts that have already been paid) only a percentage of the invoiced amount, then the cidb shall pay the undisputed amount in accordance with Clause 11.5 above; and 9.9.3. If an invoice is identified as incorrect, then the Service Provider shall either issue a correct invoice if the amount has not yet been paid, or make a correction on the next invoice if the amount has been paid 9.10. Should the service provider be in breach of any of its obligations in terms hereof, or the service levels not being at an acceptable level, and the service provider has failed to rectify such a breach, after receipt of a notice and within the period referred to in clauses 7.2 and 16, the cidb shall be entitled to withhold any payment which may be payable to the service provider until the service levels are once again within acceptable limits. If the cidb elects to exercise its rights in terms of this clause, then the cidb shall be obliged to notify the service provider thereof in writing. 9.11. Any amount payable in terms of this agreement, which is not paid on the due date for payment, shall attract interest of not more than the prevailing rates.

  • Additional Considerations For FEMA’s Assistance to Firefighters Grant (AFG) Program, recipients must include a penalty clause in all contracts for any AFG-funded vehicle, regardless of dollar amount. In that situation, the contract must include a clause addressing that non-delivery by the contract’s specified date or other vendor nonperformance will require a penalty of no less than $100 per day until such time that the vehicle, compliant with the terms of the contract, has been accepted by the recipient. This penalty clause should, however, account for force majeure or acts of God. AFG recipients should refer to the applicable year’s Notice of Funding Opportunity (NOFO) for additional information, which can be accessed at ▇▇▇▇.▇▇▇.