Common use of Budget Schedule Clause in Contracts

Budget Schedule. Parking Operator shall develop and submit a Budget for the first Partial Contract Year for the Director’s review and approval within 15 business days after the Effective Date. For subsequent Contract Years and Partial Contract Year (as applicable), , Parking Operator shall develop and submit its Budget to the Director by the preceding January 15th, or such date as directed by the Director. Parking Operator shall ensure that all expenses are submitted for payment in accordance with the approved Budget and fall within the expenditure’s fiscal budget cycle.

Budget Schedule. Parking Operator shall develop and submit a an Operating Budget for the first Partial Contract Year to the Director for the Director’s review and approval within 15 fifteen (15) business days after award of the Effective DateAgreement. For the subsequent Contract Years and Partial Contract Year Year, which begin on July 1st (as applicableconcurrent with the City’s fiscal year), , Parking Operator shall develop and submit its Budget to the Director by the preceding January 15th30th, or such date as directed by the DirectorDirector in advance. Parking Operator shall ensure that all expenses are submitted for payment in accordance with the approved Budget and fall within the expenditure’s fiscal budget cycle.