Fund Availability. The City and DPS acknowledge that (i) neither party by this IGA irrevocably pledges present cash reserves for payments in future fiscal years, and (ii) this IGA is not intended to create a multiple-fiscal year direct or indirect debt or financial obligation of either party. The Parties understand and agree that any expenditure of the City shall extend only to funds appropriated by the Denver City Council for the purpose of this IGA, encumbered for the purpose of the IGA and paid into the Treasury of the City.
Appears in 5 contracts
Samples: Intergovernmental Agreement, Intergovernmental Agreement, Collaborative Agreement on School
