Common use of Budgeted Expenditures Clause in Contracts

Budgeted Expenditures. All budgeted capital expenditures and improvement projects shall be subject to final review and approval by the Joint Planning Board prior to the making of any actual expenditure. Such review and approval shall be based on confirming that the assumption, facts and circumstances on which the decision to budget for such expenditure was based still support and justify the actual expenditures.

Budgeted Expenditures. All budgeted capital expenditures and improvement projects shall be subject to final review and approval by the Joint Planning Board Company and Firm prior to the making of any actual expenditure. Such review and approval shall be based on confirming that the assumption, facts and circumstances on which the decision to budget for such expenditure was based still support and justify the actual expenditures.