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:
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.
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.
