Contribution to the Reserve Sample Clauses

Contribution to the Reserve. 4.1 Where the Archive Service underspends the Revenue Budget in any year the balance may be transferred to the Appropriation Reserve.
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Contribution to the Reserve. 4.1 Where the Joint Committee under spends the Core Budget in any year the balance may be transferred to the reserve
Contribution to the Reserve. 4.1 Where the Joint Committee underspends the Programme Office Budget in any year the balance may be transferred to the appropriation reserve 4.2 Interest payments are payable annually based on the average quarterly credit balance at the beginning of each quarter. The interest rate will be that calculated by the Treasurer to the Joint Committee at the base rate of the Co-operative Bank less 0.25% for the relevant year
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