FINANCIAL IMPACT AND BUDGET Sample Clauses

FINANCIAL IMPACT AND BUDGET. The proposed agreement with Pro West Associates totals $6,100. This expense will be covered by the operating services and supplies budget from the Utility Fund (200 Fund), specifically from GL account 20002297-7310 (Computer Licenses and Fees), which has an available budget of $91,753 for 2024 as of the date of this memo (Attachment 2).
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FINANCIAL IMPACT AND BUDGET. The District's approved water utility operating budget GL #20002224-7505 for FY 2024/25 includes funding for street cut permits and repair costs in the amount of $150,000.
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FINANCIAL IMPACT AND BUDGET. Under the current XXXX delivery method, the total construction phase budget is estimated at $7.2M; This includes the GMP cost, contract contingency, Staff time for construction and closeout periods, special inspection and materials testing (Construction Administration Services), as well as design and Staff time to date. A summary of forecasted costs is as follows: Direct Construction Costs $ 5,663,000 XXXX Fee $ 566,300 Risk Reserve $ 410,000 IVGID Operations Staff $ 38,000 IVGID Proj. Mgmt. $ 90,000 Engineering Construction Administration Services $ 200,000 Contract Contingency $ 190,000 Temporary SCADA $ 26,500 Spent to date $ 880,000 The US Army Corps of Engineers (USACE) Section 595 Program Project Partnering Agreement was signed in 2023 including reimbursement of up to 75% of the project costs calculated as $7.6M at the time of signing. This provides up to $5.7M of reimbursement. Since the start of the project in July 2021, approximately $880,000 has been spent in consultant fees, CMAR preconstruction, permitting, USACE funding administration, and staff management and operations time. Roughly $745,000 of this is eligible under Section 595 Funds with $559,000 currently submitted and in the process of reimbursement. IVGID currently has approximately $6.4M in the project budget inclusive of FY24 spend to date and the carry-forward approved in October 2023; this does not include the $559,000 USACE reimbursement referenced above. The Board of Trustees authorized a budget augmentation of $800,000 to account for the difference between the $6.4M available and the $7.2M forecast in order to award the construction contract and secure appropriate budget for remaining project costs.
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FINANCIAL IMPACT AND BUDGET. The District (200 Utility) fund FY 2023/24 Capital Expense budget includes $49,000 for "Paint Interior Building #A."
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FINANCIAL IMPACT AND BUDGET. The funding for this item is included in the FY2024/25 approved budget, as shown in Attachment B, under Mill Creek Dam #2 GL# 20002523-7330 - $2,700 and Wetlands GL# 20002521-7330 - $11,100.
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FINANCIAL IMPACT AND BUDGET. As the need for this work was identified after the completion of the FY 22-23 CIP budget, this project is currently unbudgeted. PW Staff is recommending that the current year CIP budget be amended and new project created within Fund 200 Utility, in the amount of $49,702.50.
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FINANCIAL IMPACT AND BUDGET. The Watermain Replacement - Future CIP #2299WS1803 has an approved FY 2023/24 budget of $50,000 for 2024, with $600,000 approved for fiscal years 2025, 2026 and 2027.
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FINANCIAL IMPACT AND BUDGET. Funding to support the proposed Equipment Purchase Agreement, is provided in the approved FY2022/23 capital budget, with the Ski Fund (340), in the amount of $410,000 (see CIP data sheet, Attachment 3). The following table includes Staff’s estimate of the total project costs: Axess equipment purchase agreement $351,528.10 A 5% contingency on Axess proposal amount $17,576.40 Owner supplied time, materials and hardware associated with installation of ski lift access gantries, media pick-up boxes and devices $21,000.00 Total estimated project costs $390,104.50 Staff notes that additional expenses related to the RFID project, outside of the proposed agreement, include the purchase of season pass and lift ticket RFID media stock. The purchase of this media has been included as an operating expense within the current fiscal year 2022/23 operating budget, in the amount of $89,500. In addition, the annual Software Service fee of $14,406 associated with the proposed project is also included in the ski venue annual operating budget.
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FINANCIAL IMPACT AND BUDGET. The Ponderosa Ranch Road Water Main Replacement Project CIP #2224WS2501 was included in the Board approved FY 2024/25 CIP Budget meeting on May 30, 2024 (Item G.3.A) with a total project budget of $800,000. The proposed cost estimate for the entire project from start-up through close-out is approximately $730,000. The table below presents the estimated Project costs for the Ponderosa Water Main Replacement project: Site Survey - (external consultant) $7,800 District Design, Project Management, & Construction Inspection $55,000* Construction $596,610.50 Contract Contingency (~10%) $60,000 Construction Materials Testing $7,500** *Includes initial design concept through bidding/construction and project close out. **Estimated cost. The actual cost will be determined based on a contract with an outside consultant that will be contracted prior to the start of construction in May 2025. The funding difference between the approved Project budget and the final total Project budget (post project closeout) will be returned to the Utility Fund balance.
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Related to FINANCIAL IMPACT AND BUDGET

  • Financial Impact The Agreement is in the not-to-exceed amount of $429,300 for fiscal year 2019-2020, and $214,650 for fiscal year 2020-2021, for a total not-to-exceed amount of $643,950 for the term of the Agreement. The term of the Agreement is July 1, 2019, through December 31, 2020, and requires ratification to become effective July 1, 2019.

  • Project Budget A Project Budget shall be prepared and maintained by Grantee. The Project Budget shall detail all costs for which the Grant will be used during the Term. The Project Budget must be approved in writing by the Project Monitor. Grantee shall carry out the Project and shall incur costs and make disbursements of funds provided hereunder by the Sponsor only in conformity with the Project Budget. The current approved Project Budget is contained in Attachment “C”. Said Project Budget may be revised from time to time, but no Project Budget or revision thereof shall be effective unless and until the same is approved in writing by Project Monitor. The funds granted under this Grant Contract cannot be used to supplant (replace) other existing funds.

  • Budget Consulting Engineer/Architect shall advise City if, in its opinion, the amount budgeted for construction is not sufficient to adequately design and construct the improvement as requested.

  • Projected Operating Budget Furnish Lenders, no later than thirty (30) days after the beginning of Borrower's fiscal years commencing with fiscal year 2000, a month by month projected operating budget and cash flow of Borrower for such fiscal year (including an income statement for each month and a balance sheet as at the end of the last month in each fiscal quarter), such projections to be accompanied by a certificate signed by the President or Chief Financial Officer of Borrower to the effect that such projections have been prepared on the basis of financial planning practice consistent with past budgets and financial statements and that such officer has no reason to question the reasonableness of any material assumptions on which such projections were prepared.

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Operating Plan To Agent and Lenders, as soon as available, but not later than thirty (30) days after the end of each Fiscal Year, an annual combined operating plan (the "Operating Plan") for Parent and its Subsidiaries, approved by the Board of Directors of Parent, for the following Fiscal Year, which (i) includes a statement of all of the material assumptions on which such plan is based, (ii) includes projected monthly income statement, balance sheets and source and use of funds for the following year and (iii) Borrowing Availability projections, all prepared on the same basis and in similar detail as that on which operating results are reported (and in the case of cash flow projections, representing management's good faith estimates of future financial performance based on historical performance), and including plans for personnel, Capital Expenditures and facilities.

  • Annual Operating Budget and Financial Projections Within sixty (60) days after the end of each fiscal year of Borrower Representative (and promptly and within five (5) days of any material modification thereto), an annual operating budgets, on a consolidating basis (including income statements, balance sheets and cash flow statements, by month) for the upcoming fiscal year of Borrower Representative, as approved by Borrower Representative’s Board, together with any related business forecasts used in the preparation of such annual financial projections.

  • Business Plan and Budget To the extent requested by any Initial Lender, as soon as available, but in any event within thirty (30) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form satisfactory to such Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a monthly basis for the immediately following fiscal year. As to any information contained in materials filed with the SEC or furnished pursuant to Section 6.2(f), the Borrower shall not be separately required to furnish such information under Section 6.1(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.1(a) and (b) above at the times specified therein.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Approved Budget (a) On the last Thursday of each month after the Second Amendment Effective Time, on or before 12:00 pm (New York City time) on such Thursday, Administrative Borrower shall prepare and deliver to the Administrative Agent, for review and approval by the Required DDTL Approving Lenders, an updated week-by-week operating budget for the then subsequent month (each a “Budget” and, once approved as set forth below, the “Approved Budget”), which shall reflect Administrative Borrower’s good faith projection, for the Borrowers and their respective Restricted Subsidiaries, of (a) all weekly receipts (including from asset sales) and expenditures (including ordinary course operating expenses and any other fees and expenses related to the Loan Documents) in connection with the operation of their businesses, (b) weekly disbursements, and (c) net cash flow, in each case, for such month. The Budget delivered during the week of March 4, 2024 shall be the Approved Budget for March 2024. Together with delivery of the Budget, Administrative Borrower shall provide the Administrative Agent (for subsequent delivery to the Lenders) a variance report (“Variance Report”) in a form and substance reasonably acceptable to the Required DDTL Approving Lenders, comparing the actual receipts, disbursements, and net cash flow for such month through the immediately preceding week compared to the Approved Budget, both in dollar ($) and percentage (%) figures and an explanation of the variance. Each week promptly after the delivery of the Variance Report, the Borrower’s senior management and financial professionals shall review the Variance Report in detail during a telephonic conference with the Lenders. If the proposed Budget was timely delivered and contains the requisite information, the Lenders shall have until 2:00 p.m. (New York City Time) on the first Business Day of the following week to review any Budget after which time such Budget shall become an Approved Budget for all purposes hereunder; provided, no such Budget shall become an Approved Budget if reasonably objected to in writing (which may include e-mail) during the review period by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) or Required DDTL Approving Lenders. (b) In the event that an event or circumstance occurs in between the monthly dates on which the Budgets are otherwise due pursuant to Section 6.24(a) which would make the then current Budget materially inaccurate, within two (2) Business Days of becoming aware of such event or circumstance, the Administrative Borrower shall provide notice of such event or circumstance to the Administrative Agent and the Lenders and promptly deliver a revised Budget reflecting the impact thereof. Without limiting the foregoing, the Budget shall be updated, modified or supplemented by the Administrative Borrower with the written consent of the Administrative Agent (at the direction of the Required DDTL Approving Lenders), and upon the request of the Administrative Agent (at the direction of the Required DDTL Approving Lenders) from time to time. (c) Each Budget delivered to the Administrative Agent and the Lenders shall be accompanied by such supporting documentation as reasonably requested by the Administrative Agent (at the direction of the Required DDTL Approving Lenders) and shall be prepared in good faith, with due care and based upon assumptions the Borrower believe to be reasonable. (d) Within one (1) Business Day of any Loan Party having knowledge of their occurrence or existence, Administrative Borrower shall provide the Administrative Agent and Lenders with written notice of any event or condition which is reasonably likely to entail expenditures of more than $100,000 which is not included in the Approved Budget (including, but not limited, on account of an accident, environmental event or other unanticipated occurrence) or which would otherwise be reasonably likely to have a negative impact on the value of the Loan Parties’ and their Subsidiaries’ assets or future business prospects or a similar event.