Common use of Funding and Expenditures Clause in Contracts

Funding and Expenditures. § 1. Upon first availability of fiscal funds, in the first quarter of each party's fiscal year, the party will identify the amounts and sources of projected funding for the next year to be used in financing its portion of the system. Amounts and sources of funding received and projected from the operation of each party’s portion of the system, for the current and upcoming year, will be reported, in writing, to the Executive Council. § 2. Upon first availability of fiscal funds, each party to the agreement will identify the projected annual operating, maintenance, capital replacement and depreciation costs, as allowed by applicable law(s), for its portion of the system for the current and upcoming year and report those costs in writing to the Executive Council. § 3. The costs and funding amounts and sources for each category of service required, as defined in the Service Level Agreement, shall be reflected in the Executive Council’s annual proposed budget, as stated in Sections 1 and 2 of this article. These costs and funding amounts and sources will be reported by either the User Council or Operations Manager, whoever has been given the authority and responsibility to produce the annual proposed budget. § 4. The parties will make all reasonable efforts to establish a common format for presenting the information reported under this article, Sections 1 and 2. § 5. The costs and funding amounts and sources reported under this article, Sections 1 through 3, shall be used by the parties and by the User Council and Operations Manager, as a basis for developing an annual budget for the system. This information will also be used as a basis for developing fees or rates for user access to the system, provided that each party shall retain authority to establish user access fees or rates for its portion of the system, as allowed by law. § 6. The User Council and/or Operations Manager is responsible for monitoring all costs, funding amounts and sources, and expenditures pertaining to the system, and shall develop procedures for conducting said monitoring.

Funding and Expenditures. § 1. Upon first availability of fiscal funds, in the first quarter of each party's federal fiscal yearyear (October 1 – September 30), the party each Party will identify the amounts and sources of projected funding for the next year five years to be used in financing its portion of the systemSystem. Amounts and sources of funding received and projected from the operation of each partyParty’s portion of the systemSystem, for the current and upcoming year, will be reported, in writing, to the Executive Council. § 2. Upon first availability of fiscal funds, each party Party to the agreement Agreement will identify the projected annual operating, maintenance, capital replacement and depreciation costs, as allowed by applicable law(s), for costs of its portion of the system System for the current and upcoming year year, and report those costs in writing to the Executive Council. § 3. The costs and funding amounts and sources for each category of service required, as defined in the Service Level Agreement, shall be reflected in the Executive Council’s annual proposed budget, as stated in Sections 1 and 2 of this articleArticle. These costs and funding amounts and sources will be reported by either the Joint Project Management Team/User Council or Council/Operations Manager, whoever has been given the authority and responsibility to produce the annual proposed budget. § 4. The parties Parties will make all reasonable efforts to establish a common format for presenting the information reported under this articleArticle, Sections 1 and 2. § 5. The costs and funding amounts and sources reported under this articleArticle, Sections 1 through 3, shall be used by the parties Parties and by the Joint Project Management Team/User Council and Council/Operations Manager, whoever has the current responsibility and authority, as a basis for developing an annual budget for the systemSystem. This information will also be used as a basis for developing fees or rates for user access to the systemSystem, provided that each party Party shall retain authority to establish user access fees or rates for its portion of the systemSystem, as allowed by law. § 6. The Joint Project Management Team/User Council and/or Council/Operations Manager Manager, whoever has the current responsibility and authority, is responsible for monitoring all costs, funding amounts and sources, and expenditures pertaining to the systemSystem, and shall develop procedures for conducting said monitoring.

Funding and Expenditures. § 1. Upon first availability of fiscal funds, in the first quarter of each party's fiscal year, the party will identify the amounts and sources of projected funding for the next year to be used in financing its portion of the system. Amounts and sources of funding received and projected from the operation of each party’s portion of the system, for the current and upcoming year, will be reported, in writing, to the Executive Council. § 2. Upon first availability of fiscal funds, each party to the agreement will identify the projected annual operating, maintenance, capital replacement replacement, and depreciation costs, as allowed by applicable law(s), for its portion of the system for the current and upcoming year and report those costs in writing to the Executive Council. § 3. The costs and funding amounts and sources for each category of service required, as defined in the Service Level Agreement, shall be reflected in the Executive Council’s annual proposed budget, as stated in Sections 1 and 2 of this article. These costs and funding amounts and sources will be reported by either the User Council or Operations Manager, whoever has been given the authority and responsibility to produce the annual proposed budget. § 4. The parties will make all reasonable efforts to establish a common format for presenting the information reported under this article, Sections 1 and 2. § 5. The costs and funding amounts and sources reported under this article, Sections 1 through 3, shall be used by the parties and by the User Council and Operations Manager, as a basis for developing an annual budget for the system. This information will also be used as a basis for developing fees or rates for user access to the system, provided that each party shall retain authority to establish user access fees or rates for its portion of the system, as allowed by law. § 6. The User Council and/or Operations Manager is responsible for monitoring all costs, funding amounts and sources, and expenditures pertaining to the system, and shall develop procedures for conducting said monitoring.

Funding and Expenditures. § 1. Upon first availability of fiscal funds, in the first quarter of each partyParty's fiscal year, the party Party will identify the amounts and sources of projected funding for the next year to be used in financing its portion of the system. Amounts and sources of funding received and projected from the operation of each partyParty’s portion of the system, for the current and upcoming year, will be reported, in writing, to the Executive Council. § 2. Upon first availability of fiscal funds, each party Party to the agreement Agreement will identify the projected annual operating, maintenance, capital replacement and depreciation costs, as allowed by applicable law(s), for its portion of the system for the current and upcoming year and report those costs in writing to the Executive Council. § 3. The costs and funding amounts and sources for each category of service required, as defined in the Service Level Agreement, shall be reflected in the Executive Council’s annual proposed budget, as stated in Sections 1 and 2 of this articleArticle. These costs and funding amounts and sources will be reported by either the User Council or Operations Manager, whoever has been given the authority and responsibility to produce the annual proposed budget. § 4. The parties Parties will make all reasonable efforts to establish a common format for presenting the information reported under this articleArticle, Sections 1 and 2. § 5. The costs and funding amounts and sources reported under this articleArticle, Sections 1 through 3, shall be used by the parties Parties and by the User Council and Operations Manager, as a basis for developing an annual budget for the system. This information will also be used as a basis for developing fees or rates for user access to the systemSystem, provided that each party Party shall retain authority to establish user access fees or rates for its portion of the system, as allowed by law. § 6. The User Council and/or Operations Manager is responsible for monitoring all costs, funding amounts and sources, and expenditures pertaining to the system, and shall develop procedures for conducting said monitoring.