Contract Expenditures Sample Clauses
The Contract Expenditures clause defines the rules and limitations regarding the spending of funds under the contract. It typically outlines what types of costs are allowable, sets spending caps or budgets, and may require prior approval for certain expenses. This clause ensures that both parties have a clear understanding of how funds can be used, helping to prevent unauthorized or excessive spending and promoting financial accountability throughout the contract's duration.
Contract Expenditures a. Mid-Year: This includes the total contract expenditures for the period of July 1 through December 31 and year-to-date information on actual expenditures and revenues. To be submitted by January 31st.
Contract Expenditures. Unduplicated number of homeless persons and households or persons and households at imminent risk of homelessness served.
Contract Expenditures. This Contract establishes a vendor relationship as contemplated by Federal OMB Circular A-133 between WFI and the Contractor. Florida law requires that WFI contracts are performance-based, meaning that WFI pays for the provision of specified services rather than reimbursing the Contractor’s expenses. This Contract is therefore a fixed unit price Contract. In this regard, payments and appropriate documentation relate directly to Attachment A, Approved IWT Budget. WFI will exercise due diligence to review performances and required documentation submitted by the Contractor and to process payments in a timely manner. If there arises a discrepancy with the required documentation that precludes the processing of the invoice or a portion of the invoice for payment, WFI’s contract manager will notify the Contractor’s contract manager of the discrepancy. Such discrepancy must be corrected before payment is made. WFI retains a contractual agreement with an administrative entity that requires the administrative entity to issue a payment warrant within fifteen (15) days after receipt of a payment request from WFI.