Financial Structure. The parties agree to establish an Integrated Fund for the purposes of increasing the flexibility of funding sources. The Integrated Fund will be used to support services and operations of the Collaborative. The parties agree that the Integrated Fund shall be under the control of the Policy Committee and shall be administered by the Fiscal Agent consistent with the provisions of this Agreement, the requirements of federal and state laws, and the policies and procedures of the Fiscal Agent. The Fiscal Agent shall be authorized to make payments upon approval of the Policy Committee. The Contributions to the Integrated Fund are to be made at a rate loosely proportional to the area included in the watershed. Assuming all parties remain engaged, the proportional amounts are as follows: Tier 1: 66% (11% per entity listed) Xxxxxx County Xxxxxx Soil and Water Middle Fork Crow River Watershed North Fork Crow River Watershed Xxxxxx County Xxxxxx Soil and Water Tier 2: 24% (6% per entity listed) Kandiyohi County Kandiyohi Soil and Water Xxxxxxx County Xxxxxxx Soil and Water Tier 3: 10% (2.5% per entity listed) XxXxxx County XxXxxx Soil and Water Xxxx County Xxxx Soil and Water Party contributions per year, based upon the above tier structure, are as follows: 2020 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2021 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2022 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 2023 Tier 1: $2750 Tier 2: $1500 Tier 3: $625 The need for additional funds for the Integrated Fund will be evaluated by the Policy Committee following the first year of party contributions on a yearly basis. The recommendations of the Policy Committee regarding future contributions by the parties to the Integrated Fund shall be presented in a proposed resolution by each authorized representative to their respective governing board for consideration and approval for the following year or years. This procedure shall repeat as needed and recommended by the Policy Committee for future years.
Financial Structure. A. All monies from both state and local governmental units will be paid into the Fontana Regional Library as a public authority which will comply with the provisions of the N.C.G.S §159, the Local Government Budget and Fiscal Control Act.
B. Each county will provide facilities necessary for the Fontana Regional Library to carry out its mission. Provision of these facilities will include utilities, building and grounds maintenance, improvements or rent for those facilities.
C. Each county will pay the Fontana Regional Library an adequate amount of money necessary for the Fontana Regional Library to carry out its mission of providing the public of Jackson, Macon, and Swain counties with excellent service and convenient access to resources for their educational, informational, and recreational needs.. These funds will allow the Fontana Regional Library to pay for library materials and for operating expenses for libraries within that county. Funds from each county will also be used to contribute to joint operations.
D. All state funds will be used for salaries and benefits of employees serving the whole Fontana Regional Library region, for library materials; for telecommunications or telephone services and any other region-wide service.
E. The Finance Officer will account for all expenditures by source of funds.
Financial Structure. In accordance with that which is set forth in Section 9.6.3 of the Public Call, the Strategic Partner agrees to keep in its financial structure, for a period of 15 (fifteen) years from the date of signing of this Agreement, a debt level in which the total debt-to-equity ratio shall be less than or equal to 50% (fifty percent).
Financial Structure. Funding for five interns' salaries, the 40% Director of Training and 25% of the Administrative Coordinator's salary will be apportioned among the core and adjunct Saint Louis Psychology Internship Consortium facilities based on the number of interns they train during a training year. (For example, sites that train all five interns shall contribute 25% of the costs, sites that train three of the five interns would contribute 3/5 of 25% of the cost which is 15% of the total cost, sites that train one intern would contribute 1/5 of 25 % of the cost which is 5% of the total cost. For outpatient sites, the cost for the 2001- 2002 training year will be approximately $5600.00 subject to legislative approval.
Financial Structure. Except as otherwise authorized in this Agreement, Vendor shall operate the Dining Services Program on a profit and loss basis, whereby Vendor shall collect all Sales Revenue and pay all Vendor Paid Allowable Expenses. In the event that Vendor Paid Allowable Expenses, as defined in Section 13.1.1, exceed Sales Revenue, Vendor shall be responsible for the loss. In the event that Sales Revenue exceeds Vendor Paid Allowable Expenses, Vendor shall retain the surplus. The costs incurred in connection with the Dining Services Program will be categorized as follows:
Financial Structure. Both the parties shall develop the financial structure of the project mutually. Enactus Aryabhatta will provide the entire funding of this project and all sorts of expenses are to covered by Enactus Aryabhatta. ETASHA Society and Enactus Aryabhatta will share profits in the ratio of 7:3, where 70% of profit will be given to the beneficiaries of ETASHA Society, and remaining 30% is retained by Enactus Aryabhatta for future expansion of the project. All payments to ETASHA Society and transfer of money shall be done on monthly basis.
Financial Structure. Financial Security is a wholly-owned subsidiary of Financial Security Assurance Holdings Ltd. The investors listed below own or control approximately 75% of the common equity of Financial Security Assurance Holdings Ltd. Neither Financial Security Assurance Holdings Ltd. nor any of its investors is obligated to pay debts of Financial Security or to pay any claim under the Surety Bonds or to make additional capital contributions.
Financial Structure. 5.1 The costs of the CS to be provided by the Service Provider/Manager shall be calculated, established, and apportioned in accordance with the cost-sharing methodology set out in.
5.2 The financial period for the purpose of the proposed use of resources and the incurring of and accounting for the costs of the CS shall consist of one calendar year.
5.3 The OMT shall finalize and approve the budget for the next financial period no later than 31 December of the preceding calendar year. The proposed annual budget and cost apportionment shall be prepared by the Service Provider/Manager and shall be submitted to the OMT for review no later than the end of November of each calendar year.
5.4 The budget proposal shall set out the proposed expenditures by line item and contain the following information: The current year’s approved budget Projected final expenditures for the current year Proposed budget for the next year Proposed apportionment and contributions of the Service Users to the proposed budget including those of future accounting staff costs such as ASHI Proposed schedule setting out the payment dates by which the Service Users shall meet their financial obligations
5.5 The budget proposal for the first year when approved by all Service Users shall be incorporated as an Annex to this MOU and shall come into effect as of 1 January of the calendar year to which it refers. Subsequent budget proposals are to be drafted by the OMT and approved by the UNCT.
5.6 Expenditures not provided for in the approved budget shall require the prior written approval of the OMT.
Financial Structure. The financial structure of the District, including all sources and amounts of financial support, income, funding, taxes, and debt, and all means and conditions necessary or incidental to the securing of same, including all sources and amounts of financial support, income, funding, taxes and debt, and all means and conditions necessary or incidental to the securing of same, including compliance with any qualifications or requirements imposed by law or by funding sources as a condition of receiving funds; all investment policies and practices; all budgetary matters and procedures, including the budget calendar, the budget formation process, accounting methods, fiscal and budget control policies and procedures, and all budgetary allocations, reserves, and expenditures apart from those expressly allocated to fund wage and benefit obligations of this agreement.
Financial Structure. In terms of the section 9.6.3 of the Call, the Strategic Partner undertakes to maintain in its financial structure, during a term of 15 (fifteen) years counted Final Version Participation Agreement as of the execution hereof, a debt level in which the total debt/total assets ratio is less or equal to 50% (fifty percent)
