Budget Elements. Each Transmission Facilities Budget shall include estimated costs for the following items, as applicable: (i) expected design and capital construction costs in the budgeted year, (ii) operating and maintenance costs for the LCRA Transmission Facilities, (iii) administrative, legal, and planning expenses (including general overhead not to exceed fifteen percent (15%) of operation and maintenance costs, excluding power costs), (iv) any actual principal and interest expenses and debt service coverage on Transmission Facilities Bonds (as defined in Section 6.5.C.(1) below) issued by LCRA, or alternatively, if LCRA has used its own funds, such funds shall be recovered by the LCRA based on a twenty-five (25) year amortization at an assumed interest rate equal to LCRA’s actual cost of similar debt, and (v) any other costs or expenses the Parties expect to incur in the budgeted year because of the LCRA Transmission Facilities. Power costs shall not be included in the expenses for computing overhead costs.
Budget Elements. The following represents the budget elements that should be included in the formulation of the cost structure of the 5-weeks program and they are divided into three main cost elements:
a. Cost related to identification of the training centers and the selection of the trainees to be enrolled in the training program
b. Cost of conducting each of the 5-weeks of the training program (total should then be multiplied by 5 and also adding the travel expenses)
c. Cost of centrally managing the 5-weeks training program Following are the cost details for each of the three elements: - 1 or 2 ads for the promotion of the training program in each of the designated countries - 1 ad for the recruitment of potentially selected training centers/institutes - 1 or 2 ads for the recruitment of candidates for the training program
Budget Elements. The Board of Directors, in adopting an annual budget, thereby fixes the assessment against the parties which is binding thereon. The budget policy shall include, but is not limited to, the following components:
1. Operation and Maintenance Expenses The costs of operating and maintaining a facility and the communications/computer equipment housed therein shall include, but is not limited to, personnel salaries and benefits, office and computer supplies and other consumables, payments to lease a facility, and replacement parts necessary to repair facility equipment due to normal wear and tear from ordinary usage.
2. Capital Expenditures Capital expenditures shall include the costs of original purchase of communications and computer equipment, hardware, software and other fixed asset type items typically having a useful life of more than one (1) year, including equipment improvements and additions, as opposed to replacement parts for ordinary maintenance during the useful life of the capital items. All costs associated with such purchase, such as installation, shall be capitalized. Replacement of equipment at the end of its useful life shall be a capital item. Capital expenditures shall be shared by the Parties in conformance with the cost formula as established under Section 6.B.2. of this agreement, except capital expenditures which are incurred for and are unique to a minority of the Parties, in which case such minority share the expense equally.
Budget Elements. The following represents the budget elements that should be included in the formulation of the cost structure of the 5-weeks program and they are divided into three main cost elements:
a. Cost related to identification of the training centers and the selection of the trainees to be enrolled in the training program
b. Cost of conducting each of the 5-weeks of the training program (total should then be multiplied by 5 and also adding the travel expenses)
c. Cost of centrally managing the 5-weeks training program Following are the cost details for each of the three elements: Program Promotion, Training Center Identification and Trainees Selection Costs - 1 or 2 ads for the promotion of the training program in each of the designated countries - 1 ad for the recruitment of potentially selected training centers/institutes - 1 or 2 ads for the recruitment of candidates for the training program
Budget Elements. The Board of Directors, in adopting an annual budget, thereby fixes the assessments against the Members, which is binding thereon. The budget shall include, but is not limited to, the following components:
Budget Elements. The Board of Directors, in adopting an annual budget, thereby fixes the assessment against the Parties which is binding thereon. The budget policy shall include, but is not limited to, the following components: Operation and Maintenance Expenses The costs of operating and maintaining a facility for animal control and care services shall include, but is not limited to, personnel salaries and benefits, office and computer supplies and other consumables, payments to lease a facility, and replacement necessary to repair facility equipment due to normal wear and tear from ordinary usage.
