Common use of Budget Management Clause in Contracts

Budget Management. The Subrecipient will manage its budgets so that there is a clear distinction between Local Strong Workforce funds and Regional Strong Workforce Funds (which are the subject of this Agreement). A Strong Workforce Certified Proposal’s expenditures may be funded from any of the Allocations listed in Exhibit B, provided that the expenditures occur within the Allocation’s eligible expenditure period. Fiscal Agent will pay out advances and reimbursements in a first in, first out (FIFO) manner with advance payments and reimbursements for invoiced expenditures being drawn from the earliest unspent allocation before beginning before making payments from any subsequent year’s Allocation.

Budget Management. The Subrecipient will manage its budgets so that there is a clear distinction between Local Strong Workforce funds and Regional Strong Workforce Funds (which are the subject of this Agreement). A Strong Workforce Certified Proposal’s expenditures may be funded from any of the Allocations listed in Exhibit B, provided that the expenditures occur within the Allocation’s eligible expenditure period. Fiscal Agent will pay out advances and reimbursements in a first in, first out (FIFO) manner with advance payments and reimbursements for invoiced expenditures being drawn from the earliest unspent allocation before beginning before making payments from any subsequent year’s Allocation.