Fiscal Year Allocation Sample Clauses

Fiscal Year Allocation. The Secretary has allocated ITS Set-Aside funds from state fiscal year 2008 for the Project.
Sample 1
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Fiscal Year Allocation. The Financial Contribution will be paid from a maximum Fiscal Year allocation for tuition and support expenses incurred between September 1, 2019 and October 31, 2023. Any carryover of funds between Fiscal Years is NOT permitted, other than Tuition allocations expended or incurred for Foundation technical training prior to March 31st of a fiscal period. The maximum financial contribution per fiscal period is outlined below: Fiscal Year Fiscal Year Allocation # of Participants Expected to be Served (Intakes) Year 1: September 1, 2019 – March 31, 2020 $598,332 50 Year 2: April 1, 2020 – March 31, 2021* $868,710 40 Year 3: April 1, 2021 – March 31, 2022 $815,210 58 Year 4: April 1, 2022 - March 31, 2023 $815,210 58 Year 5: April 1, 2023 – October 31, 2023 $598,332 30 *In Fiscal 2020-2021 a one- time COVID Support payment in the amount of $121,800 was paid. The Fiscal 2020-2021 COVID Support Amount was a one-time payment intended to subsidize unforeseen additional costs to the Service Provider in the delivery of Services associated with the COVID-19 pandemic and was payable to the Service Provider as part of the 2020-2021 Fiscal Year only. The amount was based on 2020-2021 Forecasted Intakes at a rate of $2,100.00 per participant. Service Providers are expected to manage variance to agreement budgets to support program and agreement management. ITA’s assessment of the Service Provider’s performance will include an analysis of whether the Service Provider was able to accurately budget, forecast and expend for the program. Any funding anticipated to remain unspent by the end of a Fiscal Year must be identified to the ITA by December 31st of that Fiscal Year. Identifying unspent funding in accordance with these timelines will not impact the Service Provider’s performance assessment. However, the Service Provider’s ability to manage their budget will be considered in the assessment of the Service Provider’s performance.
Sample 1
Fiscal Year Allocation. The Secretary has allocated CMAQ funds from federal fiscal year (FFY) 2023 for the Project.
Sample 1

Related to Fiscal Year Allocation

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • Tax Allocations Each item of income, gain, loss or deduction recognized by the Company shall be allocated among the Members for U.S. federal, state and local income tax purposes in the same manner that each such item is allocated to the Member’s Capital Accounts pursuant to Section 3.2(d) or as otherwise provided herein, provided that the Board may adjust such allocations as long as such adjusted allocations have substantial economic effect or are in accordance with the interests of the Members in the Company, in each case within the meaning of the Code and the Treasury Regulations. Tax credits and tax credit recapture shall be allocated in accordance with the Members’ interests in the Company as provided in Treasury Regulations section 1.704-1(b)(4)(ii). Items of Company taxable income, gain, loss and deduction with respect to any property (other than cash) contributed to the capital of the Company or revalued shall, solely for tax purposes, be allocated among the Members, as determined by the Board in accordance with Section 704(c) of the Code, so as to take account of any variation between the adjusted basis of such property to the Company for U.S. federal income tax purposes and its fair market value at the time of contribution or revaluation, as the case may be. All of the Members agree that the Board is authorized to select the method or convention, or to treat an item as an extraordinary item, in relation to any variation of any Member’s interest in the Company described in section 1.706-4 of the Treasury Regulations in determining the Members’ distributive shares of Company items. All matters concerning allocations for U.S. federal, state and local and non-U.S. income tax purposes, including accounting procedures, not expressly provided for by the terms of this Agreement shall be determined by the Board in its sole discretion. Each Class B Ordinary Share is intended to be treated as a profits interest for U.S. federal income tax purposes, and all of the Members agree to report consistently with, and to take any action requested by the Board to ensure, such treatment.

  • First Year Wage Adjustment Effective July 1, 2017, all salary ranges and rates shall be increased by two percent (2.0%), rounded to the nearest cent. The compensation grids for classes covered by this Agreement are contained in Appendix E-1. Employees shall convert to the new compensation grid as provided in Section 2.

  • Annual Adjustments Base Rent shall be increased on each annual anniversary of the first day of the first full month during the Term of this Lease (each an “Adjustment Date”) by multiplying the Base Rent payable immediately before such Adjustment Date by the Rent Adjustment Percentage and adding the resulting amount to the Base Rent payable immediately before such Adjustment Date. Base Rent, as so adjusted, shall thereafter be due as provided herein. Base Rent adjustments for any fractional calendar month shall be prorated.

  • Allocation of Profits and Losses Distributions Profits/Losses. For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

  • Second Year Wage Adjustment Effective July 1, 2020, all salary ranges and rates shall be increased by two and one-half percent (2.50%), rounded to the nearest cent. Salary increases provided by this Section shall be given to all employees including those employees whose rates of pay exceed the maximum rate for their class. The compensation grids for classes covered by this Agreement are contained in Appendix E-2. Conversion to the new compensation grid shall not change an employee’s eligibility for step progression increases.

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