Common use of Future Funding Clause in Contracts

Future Funding. Because the period of performance contemplated by this Agreement involves performance by Contractor in a subsequent City fiscal year(s), funding for this Agreement is subject to the appropriation of discretionary funds by the City Council and designation of Contractor as the recipient for such subsequent City fiscal year(s) and Contractor understands that the Department is under no obligation to continue its funding in such subsequent fiscal years except as expressly set forth herein. Contractor further understands that any funding in any fiscal year subsequent to the fiscal year for which the services here contracted for is subject to City Council Policies and Procedures (which may be found online at xxxxx://xxxxxxx.xxx.xxx/budget/discretionary-funding-policies-and-procedures/), the Contractor’s timely submission of Discretionary Funding Expense Application(s) to the City Council for the applicable fiscal year, the appropriation of Discretionary Funding and designation of Contractor as the recipient by the City Council and all necessary clearances.