Fiscal Year and Budget Sample Clauses

Fiscal Year and Budget. A. The Fiscal Year. The fiscal year shall coincide with the calendar year.
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Fiscal Year and Budget. Each year, prior to the last meeting of the Board of Directors before the close of the Corporation’s Fiscal Year, the Treasurer shall develop and prepare a budget for the upcoming year. The budget shall be provided to the Municipalities and to the Board of Directors at least two weeks in advance of the meeting and shall be voted on by the Board of Directors.
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Fiscal Year and Budget. The Fire Department Fiscal Year shall be from April 1 through March 31. The Fire Board shall prepare a budget each year of the proposed expenditures for the upcoming fiscal year. A fire budget shall not be effective until approved in identical form by both Township Boards.
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Fiscal Year and Budget. 1. Fiscal Year The Fire Department Fiscal Year shall be from April 1 through March 31. 2. Budgets and 5 year plans 1. After the first 2 year cycles, The new Fire Board shall prepare the budgets in two year increments, with the proposed expenditures for the upcoming fiscal years. 1. Operational budget increases for each two year budget cannot exceed 10% of the last year of the previous two year budget. 2. Adjustments to the second year of a two year budget may be made but cannot exceed 5% of the first year of the current budget cycle. 3. The capital budget will be separated from the operations budget and those funds held in a dedicated account. The percentage constraints do not apply to the capital budget. 2. The Fire Board will prepare a five year budget plan every five years to guide decisions in budgeting. The five year plan will reflect the percentage constraints outlined above. Each two year budget will adhere to the objectives of this plan. 3. All plans and budgets are to be set and agreed upon by the participating Township Boards six months prior to the fiscal year in which the plan or budget would apply. If any of the four Township Boards declines to approve the proposed budget, the Fire Board will operate under the previous fiscal year budget until all parties agree on a new operating budget. 4. The percentage constraints outlined above may be set aside for any budget by a unanimous vote of the four participating Townships.
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Fiscal Year and Budget. The fiscal year coincides with the calendar year. Member agencies are not expected to allocate funding under this Agreement. The Council will adopt an annual work program and budget in advance of each fiscal year that identifies anticipated activities, goals, revenues and expenditures for completing the joint operating agreement. The Kitsap County Prosecuting Attorney shall administer the S.A.I.V.S. Fund in accordance with applicable laws, this Interlocal Agreement, and any other policies and procedures adopted by the Council. The Treasurer of Kitsap County shall be the custodian of funds made available for the purposes of this joint operating agreement, and the Treasurer may make payments from such funds upon audit by the appropriate auditing officer of the County. After the Council has approved the final budget, it is forwarded to Kitsap County for review and inclusion as a distinct agency fund within the Kitsap County Budget. No increase or decrease to Kitsap S.A.I.V.S.’s final budget shall occur without review and approval of the Council.
Sample 1
Fiscal Year and Budget. The fiscal year coincides with the calendar year. The Council will adopt an annual work program and budget in advance of each fiscal year that identifies anticipated activities, goals, revenues and expenditures for completing the joint operating agreement. The Kitsap County Prosecuting Attorney shall administer the S.A.I.V.S. Fund in accordance with applicable laws, this Interlocal Agreement, and any other policies and procedures adopted by the Council. The Treasurer of Kitsap County shall be the custodian of funds made available for the purposes of this joint operating agreement, and the Treasurer may make payments from such funds upon audit by the appropriate auditing officer of the County. After the Council has approved the final budget, it is forwarded to Kitsap County for review and inclusion as a distinct agency fund within the Kitsap County Budget. No increase or decrease to Kitsap S.A.I.V.S.’s final budget shall occur without review and approval of governing authorities. No increase or decrease to the budget of a member agency shall occur without approval of the governing authority of the member agency.
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Fiscal Year and Budget. The fiscal year of the Authority shall be the calendar year. Each year, after the first year of the Authority’s existence, the Authority shall adopt a budget in accordance with the Colorado Local Government Budget Law (“Budget Law”), C.R.S. § 29-1-101, et seq.
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Fiscal Year and Budget 
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Related to Fiscal Year and Budget

  • 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.

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

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Annual Budget Prior to the Closing Date, Borrower has submitted and Lender has approved an Annual Budget for the 2014 calendar year (the “Approved Initial Budget”). Borrower shall submit to Lender by November 1 of each year the Annual Budget relating to the Properties for the succeeding calendar year. During the continuance of a Cash Sweep Period, Lender shall have the right to approve each Annual Budget (which approval shall not be unreasonably, conditioned or delayed withheld so long as no Event of Default is continuing). An Annual Budget approved by Lender during a Cash Sweep Period or any Annual Budget submitted prior to the commencement of a Cash Sweep Period, shall each hereinafter be referred to as an “Approved Annual Budget”. In the event of a Transfer of any Property the Approved Annual Budget shall be reduced as reasonably determined by Lender in consultation with Borrower in order to reflect the removal of such Property and the Operating Expenses associated therewith; provided, further, that no such reduction shall be made in the event such Transfer is made in connection with a substitution under Section 2.4.2(a). If Lender has the right to approve an Annual Budget pursuant to this Section 4.3.2, neither Borrower nor Manager shall change or modify the Annual Budget that has been approved by Lender without the prior written consent of Lender (which consent shall not be unreasonably withheld, conditioned or delayed so long as no Event of Default is continuing). The “Monthly Budgeted Amount” for each Payment Date shall mean the monthly amount set forth in the Approved Annual Budget for Operating Expenses for the Interest Period related to such Payment Date, but excluding management fees, Property Taxes that are required to be deposited into the Tax Subaccount pursuant to Section 6.1 and Insurance Premiums that are required to be deposited into the Insurance Subaccount pursuant to Section 6.2. If during any Cash Sweep Period, Borrower has submitted an Annual Budget and such Annual Budget has not been approved prior to the commencement of the calendar year to which such budget relates then the previous Approved Annual Budget shall continue to be deemed to be the Approved Annual Budget for that calendar year.

  • Fiscal Year and Accounting Method The fiscal year of the Company shall be as designated by the Board of Directors. The Board of Directors shall also determine the accounting method to be used by the Company.

  • Business Plan and Budget As soon as available, but in any event within sixty (60) 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 reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(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 6.01(a) and (b) above at the times specified therein.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and the Senior Facility Agent with a copy of such operating plan and budget (the “Operating Budget”). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Senior Facility Agent, acting reasonably and in consultation with the Independent Engineer; provided, that if the Senior Facility Agent shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided, further that the Senior Facility Agent shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget. (b) Each Operating Budget delivered pursuant to this Section 1.12 shall contain Operating Budget Categories, and shall specify for each Fiscal Quarter and for each such Operating Budget Category the amount budgeted for such category for such Fiscal Quarter.

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

  • Projected Operating Budget Furnish Agent, no later than thirty (30) days after the beginning of each fiscal year of Borrower commencing with fiscal year 2021, a month by month projected operating budget and cash flow of Borrower on a consolidated and consolidating basis 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, in his personal capacity, to the effect that such projections have been prepared on the basis of sound 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.

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