Fiscal Year Authorization Sample Clauses
Fiscal Year Authorization. 3 CONTRACTOR understands and agrees that CITY, during any fiscal year, is not 4 authorized to expend money, incur any liability or enter into any contract which, by its 5 terms, involves the expenditure of money in excess of the amounts budgeted as 6 available for expenditure during such fiscal year; and that any contract or agreement, 7 verbal or written, made in violation of this Article is null and void; and that consequently, 8 no money may be paid on such contract or agreement beyond such limits. Nothing 9 contained in this Agreement shall prevent the making of agreements or contracts for 10 periods exceeding one (1) year, but any agreement or contract so made shall be 11 executory only for the value of the services to be rendered or agreed to be paid for in 12 succeeding fiscal years. If the City Council does not appropriate funds for the services 13 under this Agreement by June 30 of each year, CITY shall so notify CONTRACTOR and 14 CONTRACTOR shall suspend services under this Agreement until CITY provides 15 written verification that the funds necessary for CONTRACTOR’s compensation and 16 other necessary expenditures are appropriated and available within the appropriate 17 fiscal year budget.
Fiscal Year Authorization. CONTRACTOR understands and agrees that CITY, during any Fiscal Year, is not authorized to expend money, incur any liability or enter into any contract which, by its terms, involves the expenditure of money in excess of the amounts budgeted as available for expenditure during such Fiscal Year; and that any contract or agreement, verbal or written, made in violation of this Article is null and void; and that consequently, no money may be paid on such contract or agreement beyond such limits. Nothing contained in this Agreement shall prevent the making of agreements or contracts for periods exceeding one (1) year, but any agreement or contract so made shall be executory only for the value of the services to be rendered or agreed to be paid for in succeeding Fiscal Years. If the City Council does not appropriate funds for the services under this Agreement by June 30 of each year, CITY shall so notify CONTRACTOR and CONTRACTOR shall suspend services under this Agreement until CITY provides written verification that the funds necessary for CONTRACTOR’s compensation and other necessary expenditures are appropriated and available within the appropriate Fiscal Year budget.