Cost Reconciliation and Allocation Base Update Sample Clauses

Cost Reconciliation and Allocation Base Update. A periodic modification and review process will be used to ensure all AJCC partners continue to contribute their fair and equitable share of infrastructure and any other system costs, as follows:
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Cost Reconciliation and Allocation Base Update. All Parties agree that a semiannual reconciliation of budgeted and actual costs and update of the allocation bases will be completed in accordance with the following process. Partners will provide the {insert name of LWDA} LWDB with the following information no later than {insert number} days after the end of each quarter, as applicable: Quarterly cost information and documentation of the actual costs, Updated staffing information (per the 1st day of the 1st month of each quarter), and Actual customer participation numbers (per the last day of the last month of each quarter). Upon receipt of the above information, the {insert name of LWDA} LWDB will: Compare budgeted costs to actual costs, Update the allocation bases, and Apply the updated allocation bases, as described in the Cost Allocation Methodology section above, to determine the actual costs allocable to each partner. The {insert name of LWDA} LWDB will prepare an updated budget document showing cost adjustments and will prepare an invoice for each Partner with the actual costs allocable to each Partner for the quarter. The {insert name of LWDA} LWDB will submit the invoices to the Partners and send a copy of the updated budget to all Parties no later than {insert number} days after the end of each quarter. The Partners understand that the timeliness of the {insert name of LWDA} XXXX’s preparation and submission of invoices and adjusted budgets is contingent upon the timeliness of each Partner in providing the necessary cost information. For Partners that advance funds to the local area, the {insert name of LWDA} LWDB will only send a copy of the updated budget. Upon receipt of the invoice and adjusted budget, each Partner will review both documents and will submit payment to the {insert name of LWDA} LWDB will no later than {insert number} days following receipt. Payment of the invoice signifies agreement with the costs in the adjusted budget. For Partners that advance funds to the local area, the {insert name of LWDA} LWDB may draw down funds for quarterly payments upon approval via email of the reconciled budget. Partners will communicate any disputes with costs in the invoice or the adjusted budget to the {insert name of LWDA} LWDB in writing. The {insert name of LWDA} LWDB will review the disputed cost items and respond accordingly to the Partner and LWDB within {insert number} days of receipt of notice of the disputed costs. When necessary, the {insert name of LWDA} LWDB will revise the invoic...
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Cost Reconciliation and Allocation Base Update. All Parties agree that an annual reconciliation of budgeted and actual costs and update of the allocation bases will be completed. CSSWF will prepare an updated budget document showing cost adjustments and will prepare an invoice for each Partner with the actual costs allocable to each Partner for the year. CSSWF will submit the invoices to the Partners and send a copy of the updated budget to all Parties no later than forty-five (45) days after the end of the year. Funding for the required contribution of the IFA costs may be in the form of cash, non-cash or third party in-kind.
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Cost Reconciliation and Allocation Base Update. All parties agree that a quarterly reconciliation of budgeted and actual costs and update of the allocation bases will be completed in accordance with the following process:
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Cost Reconciliation and Allocation Base Update. All Partners agree to use the following process for cost reconciliation and allocation base update: [Provide process for cost reconciliation and allocation base update here:] Steps to Reach Consensus All Partners agree to use the following steps to reach consensus and to make a concerted effort to negotiate the IFA along with the remainder of the MOU, including the overall operating budget, for the Local WDA American Job Center network: [Provide steps to use to reach consensus:] Dispute and Impasse Resolution All Parties will actively participate in Local IFA negotiations in a good faith effort to reach agreement. Any disputes shall first be attempted to be resolved informally. Should informal resolution efforts fail, the process outlined in the Dispute Resolution (section 13 of the MOU) must be followed. If Partners in a Local area have employed the dispute resolution process and have failed to reach consensus on an issue pertaining to the IFA, then an impasse is declared and the State Funding Mechanism (SFM) is triggered. If the Parties cannot reach consensus on methods of sufficiently funding a one-ƐƚŽƉ ĐĞŶƚĞƌ͛Ɛ infrastructure costs and the amounts to be contributed by each Local Partner program, the Local WDB is required to notify the Governor. Notification must be given to the Governor according to State guidance, One-Stop Infrastructure Guidance located at: xxxxx://xxx.xx.xxx/content/dam/tn/workforce/documents/ProgramManagement/One- Stop_Infrastructure_Governors_Guidance.pdf The IFA becomes effective as of the date of signing by the final signatory. WƌŽŐƌĂŵƐ ŵĂLJ ĂƉƉĞĂů ƚŚĞ 'ŽǀĞƌŶŽƌ͛Ɛ ĚĞƚĞƌŵŝŶĂƚŝŽŶƐ accordance with the process established under 20 CFR 678.750, 34 CFR 361.750, and 34 CFR 463.750. Modification Process
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Cost Reconciliation and Allocation Base Update. Initially, each colocated AJCC Partner will provide information to ETR relative to the amount it is spending on infrastructure costs and other shared costs for each Comprehensive AJCC One-Stop Center. At a date to be determined by the CWDB, non-colocated Partners will be required to pay, in an amount to be determined, their proportionate share of infrastructure costs for each Comprehensive AJCC One-Stop Centers as sufficient data becomes available to make such a determination. All other shared costs that are necessary for the general operation of each Comprehensive AJCC One-Stop Centers may be negotiated and agreed upon by AJCC partners. Until such time, this Article only applies to colocated Partners.
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Related to Cost Reconciliation and Allocation Base Update

  • Account Reconciliation You will verify and reconcile any out-of-balance condition, and promptly notify the Credit Union of any errors within the time periods established in the Membership and Account Agreement after receipt of your account statement. If notified within such period, the Credit Union shall correct and resubmit all erroneous files, reports, and other data at the Credit Union's then standard charges, or at no charge, if the erroneous report or other data directly resulted from the Credit Union's error.

  • Annual Reconciliation By June 30th of each calendar year, or as soon thereafter as reasonably possible, Landlord shall furnish Tenant with an accounting of actual and accrued Operating Expenses and Tax Expenses. Within thirty (30) days of Landlord's delivery of such accounting, Tenant shall pay to Landlord the amount of any underpayment. Notwithstanding the foregoing, failure by Landlord to give such accounting by such date shall not constitute a waiver by Landlord of its right to collect any underpayment by Tenant at any time. Landlord shall credit the amount of any overpayment by Tenant toward the next estimated monthly installment(s) falling due, or where the Term of the Lease has expired, refund the amount of overpayment to Tenant as soon as possible thereafter. If the Term of the Lease expires prior to the annual reconciliation of expenses Landlord shall have the right to reasonably estimate Tenant's Share of such expenses, and if Landlord determines that there has been an underpayment, Landlord may deduct such underpayment from Tenant's Security Deposit provided, however, prior to such deduction, Landlord shall first give Tenant thirty (30) days from the date of Landlord's invoice therefor to pay such underpayment. Failure by Landlord to accurately estimate Tenant's Share of such expenses or to otherwise perform such reconciliation of expenses shall not constitute a waiver of Landlord's right to collect any of Tenant's underpayment at any time during the Term of the Lease or at any time after the expiration or earlier termination of this Lease.

  • Contract Reconciliation Grantee, within 45 calendar days after the end of each fiscal term year, will submit to the System Agency email box, XxxxxxxxxXxxxx.Xxxxxxxxx@xxxx.xxxxx.xx.xx, financial and reconciliation reports required by System Agency in forms as determined by System Agency.

  • Estimates and Reconciliation of Estimates Where estimated expenditures are used to determine the amount of the drawdown, the State will indicate in the terms of the State unique funding technique how the estimated amount is determined and when and how the State will reconcile the difference between the estimate and the State's actual expenditures.

  • On Reconciliation and Settlement If the year-end reconciliation and settlement process demonstrates that the HSP received Funding in excess of its confirmed funds, the LHIN will require the repayment of the excess Funding.

  • Reconciliation In the event that the Corporate Taxpayer and a Member are unable to resolve a disagreement with respect to the matters governed by Sections 2.03, 3.01(b), 4.02 and 6.02 within the relevant period designated in this Agreement (“Reconciliation Dispute”), the Reconciliation Dispute shall be submitted for determination to a nationally recognized expert (the “Expert”) in the particular area of disagreement mutually acceptable to both parties. The Expert shall be a partner or principal in a nationally recognized accounting or law firm, and unless the Corporate Taxpayer and such Member agree otherwise, the Expert shall not, and the firm that employs the Expert shall not, have any material relationship with the Corporate Taxpayer or such Member or other actual or potential conflict of interest. If the parties are unable to agree on an Expert within fifteen (15) calendar days of receipt by the respondent(s) of written notice of a Reconciliation Dispute, the Expert shall be appointed by the International Chamber of Commerce Centre for Expertise. The Expert shall resolve any matter relating to the Exchange Basis Schedule or an amendment thereto or the Early Termination Schedule or an amendment thereto within thirty (30) calendar days and shall resolve any matter relating to a Tax Benefit Schedule or an amendment thereto within fifteen (15) calendar days or as soon thereafter as is reasonably practicable, in each case after the matter has been submitted to the Expert for resolution. Notwithstanding the preceding sentence, if the matter is not resolved before any payment that is the subject of a disagreement would be due (in the absence of such disagreement) or any Tax Return reflecting the subject of a disagreement is due, the undisputed amount shall be paid on the date prescribed by this Agreement and such Tax Return may be filed as prepared by the Corporate Taxpayer, subject to adjustment or amendment upon resolution. The costs and expenses relating to the engagement of such Expert or amending any Tax Return shall be borne by the Corporate Taxpayer, except as provided in the next sentence. The Corporate Taxpayer and such Member shall bear their own costs and expenses of such proceeding, unless (i) the Expert substantially adopts such Member’s position, in which case the Corporate Taxpayer shall reimburse such Member for any reasonable out-of-pocket costs and expenses in such proceeding, or (ii) the Expert substantially adopts the Corporate Taxpayer’s position, in which case such Member shall reimburse the Corporate Taxpayer for any reasonable out-of-pocket costs and expenses in such proceeding. Any dispute as to whether a dispute is a Reconciliation Dispute within the meaning of this Section 7.09 shall be decided by the Expert. The Expert shall finally determine any Reconciliation Dispute and the determinations of the Expert pursuant to this Section 7.09 shall be binding on the Corporate Taxpayer and such Member and may be entered and enforced in any court having jurisdiction.

  • CERTIFICATION REGARDING USE OF CONTRACT FUNDS FOR LOBBYING This provision is applicable to all Federal-aid construction contracts and to all related subcontracts which exceed $100,000 (49 CFR 20).

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