Budgeted Expenditures Clause Samples

Budgeted Expenditures. Annually, by April 30th, OUC will present an operating budget and capital plan to the Executive Committee. The purpose shall be to inform the Alliance members as to their expected share of the expenses so they can properly adjust their own budgets for the upcoming fiscal year. The operating component of the budget will be comprised primarily of System Operator, Compliance staff, and EMS labor charges and will be considered non- discretionary. Approval by the Executive Committee shall be requested and such approval shall not be unreasonably withheld. The capital plan will be a forecast of the capital expenditures that OUC deems necessary for the upcoming year. Approval by the Executive Committee shall be requested and such approval shall not be unreasonably withheld. OUC shall not be obligated to and shall have sole discretion whether to fund any portion of the budget that is not approved by the Executive Committee.

Budgeted Expenditures. Each Budget approved by Newco and then in effect shall constitute authorization for Crestwood Midstream to incur the costs contained in such Budget. During any period covered by any Budget, Crestwood Midstream (i) shall not authorize any expenditures if, at the time of such authorization, such expenditures would be reasonably expected to cause the total expenditures during the period covered by the Budget to be in excess of 110% of the total amount of such Budget, unless such expenditures are approved in writing by Newco or are Extraordinary Expenditures; provided that Crestwood Midstream shall not have any liability or otherwise be in breach hereunder for any failure by Crestwood Midstream to authorize any such excess expenditures (other than Extraordinary Expenditures) that Newco declines to approve in writing to the extent that Crestwood notifies Newco of the potential for such liability or breach in connection with seeking Newco’s approval for the excess expenditures (other than Extraordinary Expenditures), and (ii) shall promptly report to Newco in writing any anticipated deviation from any Budget by an aggregate amount of more than ten percent (10%). No less than frequently than quarterly with respect to the Annual Budget, and no less frequently than monthly with respect to any capital project Budget in excess of $5,000,000, Newco and Crestwood Midstream shall review together such Budget for planning purposes and for comparison with actual results.

Budgeted Expenditures. After the Budget has been approved and funded by the BVWACS Parties, the BVWACS Managing Entity is authorized to incur costs in accordance with the Budget. Any costs to be incurred in excess of the approved and funded Operating Costs or Capital Costs Budget amounts require additional budget approval and funding, or re-allocation of existing funds, by the BVWACS Governing Board. The BVWACS Governing Board may approve transfer of funds from the BVWACS Capital Fund to the Capital Budget to meet an urgent need that was not addressed during the Budget process. Such approval requires the vote of three-fourths of the members of the Governing Board.

Budgeted Expenditures. The BOARD shall establish the annual operating budget for the Area 3-SSA and, as appropriate, each COUNTY shall pay each year a flat fee of $100.00 (one hundred dollars), or other amount as set by the BOARD, for incidental expenses not covered by grants and other

Budgeted Expenditures. The City shall provide a travel and training budget which may be utilized to attend the ICC Conference and travel to and from the City when requested or required by the City. 1. Traveling expenses and expenses while staying in Sheridan shall be in accordance with the City annual budget. However, the City shall, at minimum, budget for the necessary meals and lodging, as defined herein, at the U.S. General Services Administration per diem rate for Sheridan County. Expenditures which exceed the per diem rate must be preapproved by the Public Works Director to be eligible for reimbursement.

Budgeted Expenditures. After the CEC Budget has been approved and funded by the Parties, the COA City Manager is authorized to incur costs and expenses in accordance with the Budget. Any costs or expenses to be incurred in excess of the approved and funded Operating

Budgeted Expenditures. After the Budget has been approved and funded by the Partner and Partner Equivalent Agencies, the City is authorized to incur costs in accordance with the Budget. Any costs to be incurred in excess of the approved and funded Budget require additional budget approval and funding by all of the Partner and Partner Equivalent Agencies, or re-allocation of existing funds by the Executive Board.