Budgetary Process. 7.1 Subject to this Article, the Trustees may, in their discretion, pay out of the Community Development Account, money for a
Budgetary Process. With regard to budgetary matters and Property expenditures, Manager agrees, for Owner’s account, to:
(a) prepare and submit to Owner for approval on or before November 1st of each calendar year, a proposed budget for the day-to-day operation and maintenance of the Properties. Once the budget has been approved for a particular calendar year, it shall be referred to herein as the “Operating Budget”.
(b) implement and incur the obligations and expenditures provided in the Operating Budget. Manager shall not incur any obligation or expend any sum which would exceed that provided for in any approved Operating Budget (the “Budgetary Limitations”) unless in the reasonable judgment of Manager such expenditure is necessary because of an emergency situation with regard to any Property.
Budgetary Process. The budgetary process begins in mid-December every year when the Government sets the police grant for each force and through the Police and Crime Commissioner funding where the Council precept is agreed in February and the force budget announced soon after this.
Budgetary Process. With regard to budgetary matters and Project expenditures, Manager agrees to, at the request of the Owner, prepare and submit to Owner for annual approval a budget for the Project for (1) day-to-day operations and maintenance (the “Operating Budget”) and (2) any necessary capital expenditures relative to the repair, maintenance, or improvement of the Project (the “Capital Budget”). All budgets shall be in the form designated by Owner from time to time and shall be prepared and submitted for approval on a schedule designated by Owner.
Budgetary Process. With regard to budgetary matters and Property expenditures, Manager agrees, for Owner’s account, to:
(a) Prepare and submit to Owner for approval, in the time and manner set forth in Section 8.06 of the JV Agreement. Once the budget and/or operating plan has been approved for a particular calendar year pursuant to the terms of the JV Agreement, it shall be referred to herein as the “Budget and Operating Plan”; and
(b) implement and incur the obligations and expenditures provided for in the Budget and Operating Plan. Manager shall not incur any obligation or expend any sum which would exceed that provided for in any approved Operating Budget except to the extent permitted pursuant to the JV Agreement, including, without limitation, Section 7.03(b) and Section 8.06 thereof (collectively, the “Budgetary Limitations”).
Budgetary Process. 7.01 FISCAL YEAR. The fiscal year for ECCTA is July 1 to June 30.
Budgetary Process. Nothing herein precludes the Superintendent from requesting that the School Board, through the budgetary process, include additional line items and/or authorization for expenditures as he shall deem reasonably necessary or appropriate for the operation of his office or the school system.
Budgetary Process. Without intending to create any liability for GDOT or SRTA hereunder, but rather to establish agreement as to their administrative processes and procedures, GDOT and SRTA acknowledge and agree that their administrative process relating to budgeting and appropriations for construction projects, including the Project, shall follow the process, procedures and timeline memorialized in the MOU. Out of an abundance of caution and to avoid doubt, this provision is not intended, nor shall it be construed, in a manner which (a) restricts or restrains GDOT’s absolute and unfettered right to not renew the MOU in any year in which it, or a similar arrangement between GDOT and SRTA, is in effect, or (b) creates any funding obligation or commitment in respect of the Project.
Budgetary Process. With regard to budgetary matters and Property expenditures, Manager agrees, for Owner’s account, to:
2.2.1. Prepare and submit a budget and operating plan to Owner for approval for each calendar year during the term of this Agreement (“Budget and Operating Plan”); and
2.2.2. Implement and incur the obligations and expenditures provided for in the Budget and Operating Plan. Manager shall not incur any obligation or expend any sum which would exceed that provided for in any approved Operating Budget except to the extent approved by the Owner (“Budgetary Limitations”).
Budgetary Process
