Common use of Financial Plan Clause in Contracts

Financial Plan. The School shall submit to the Sponsor a financial plan detailing an estimated school budget for each year of the period of the Contract and specifying the total estimated per pupil expenditure amount for each such year. The plan shall specify for each year the base formula amount that will be used for purposes of funding calculations under ORC Section 3314.

Financial Plan. The School shall submit to the Sponsor a A financial plan detailing an estimated school budget for each year of the period of the Contract contract and specifying the total estimated per pupil expenditure amount for each such yearyear shall be provided to the Sponsor. The plan shall specify for each year the base formula amount that will be used for purposes of funding calculations under ORC Section 3314section 3314.08 of the Revised Code. The Plan shall include an explanation of the School’s internal financial controls and shall be in accordance with section 3314.08 of the Revised Code.