Common use of MANAGEMENT OF FINANCES Clause in Contracts

MANAGEMENT OF FINANCES. As set forth in DISTRICT policy (Resolution No. 11, Series of 1973, Resolution No. 49, Series of 1977, and Resolution No. 37, Series of 2009), the funding of a local body's one-half share may come from its own revenue sources or from funds received from state, federal or other sources of funding without limitation and without prior DISTRICT approval. Payment of CITY and DISTRICT's full share (CITY - $210,000; DISTRICT - $420,000) shall be made to DISTRICT subsequent to execution of this Agreement and within 30 days of request for payment by DISTRICT. Payment of COUNTY's full share (County - $275,000) shall be made to DISTRICT in 2017, as COUNTY has not budgeted or appropriated funds for PROJECT in 2016. If COUNTY fails to make payment to DISTRICT on or before March 31, 2017, then this Agreement shall be terminated by PARTIES and DISTRICT shall return all funds previously deposited to PARTIES. The payments by PARTIES shall be held by DISTRICT in a special fund to pay for increments of PROJECT as authorized by PARTIES, and as defined herein. DISTRICT shall provide a periodic accounting of PROJECT funds as well as a periodic notification to CITY and COUNTY of any unpaid obligations. Any interest earned by the monies contributed by PARTIES shall be accrued to the special fund established by DISTRICT for PROJECT and such interest shall be used only for PROJECT upon approval by the contracting officers (Paragraph 13). Within one year of completion of PROJECT if there are monies including interest earned remaining which are not committed, obligated, or disbursed, each party shall receive a share of such monies, which shares shall be computed as were the original shares; or, at CITY and COUNTY request, CITY or COUNTY's share of remaining monies shall be transferred to another special fund held by DISTRICT.

MANAGEMENT OF FINANCES. As set forth in DISTRICT policy (Resolution No. 11, Series of 1973, Resolution No. 49, Series of 1977, and Resolution No. 37, Series of 2009), the funding of a local body's one-one- half share may come from its own revenue sources or from funds received from state, federal federal, or other sources of funding without limitation and without prior DISTRICT Board approval. Payment of CITY and DISTRICTeach party's full share (CITY - $210,000; 1,829,364.25 DISTRICT - $420,000-0-) shall be made to DISTRICT subsequent to execution of this Agreement and within 30 days of request for payment by DISTRICT. Payment of COUNTY's full share (County - $275,000) shall be made to DISTRICT in 2017, as COUNTY has not budgeted or appropriated funds for PROJECT in 2016. If COUNTY fails to make payment to DISTRICT on or before March 31, 2017, then this Agreement shall be terminated by PARTIES and DISTRICT shall return all funds previously deposited to PARTIES. The payments by PARTIES shall be held by DISTRICT in a special fund to pay for increments of PROJECT as authorized by PARTIES, and as defined herein. DISTRICT shall provide a periodic accounting of PROJECT funds as well as a periodic notification to CITY and COUNTY of any unpaid obligations. Any interest earned by the monies contributed by PARTIES shall be accrued to the special fund established by DISTRICT for PROJECT and such interest shall be used only for PROJECT upon approval by the contracting officers (Paragraph 13). Within one year of completion of PROJECT if there are monies including interest earned remaining which are not committed, obligated, or disbursed, each party shall receive a share of such monies, which shares shall be computed as were the original shares; or, or at CITY and COUNTY request, CITY or COUNTY's share of remaining monies shall be transferred to another special fund held by DISTRICT.

MANAGEMENT OF FINANCES. As set forth in DISTRICT policy (Resolution No. 11, Series of 1973, Resolution No. 49, Series of 1977, and Resolution No. 37, Series of 2009), the funding of a local body's one-one- half share may come from its own revenue sources or from funds received from state, federal federal, or other sources of funding without limitation and without prior DISTRICT Board approval. Payment of CITY and DISTRICTeach party's full share (CITY - $210,0002,490,000; DISTRICT - $420,000905,000) shall be made to DISTRICT subsequent to execution of this Agreement and within 30 days of request for payment by DISTRICT. Payment of COUNTY's full share (County - $275,000) shall be made to DISTRICT in 2017, as COUNTY has not budgeted or appropriated funds for PROJECT in 2016. If COUNTY fails to make payment to DISTRICT on or before March 31, 2017, then this Agreement shall be terminated by PARTIES and DISTRICT shall return all funds previously deposited to PARTIES. The payments by PARTIES shall be held by DISTRICT in a special fund to pay for increments of PROJECT as authorized by PARTIES, and as defined herein. DISTRICT shall provide a periodic accounting of PROJECT funds as well as a periodic notification to CITY and COUNTY of any unpaid obligations. Any interest earned by the monies contributed by PARTIES shall be accrued to the special fund established by DISTRICT for PROJECT and such interest shall be used only for PROJECT upon approval by the contracting officers (Paragraph 13). Within one year of completion of PROJECT if there are monies including interest earned remaining which are not committed, obligated, or disbursed, each party shall receive a share of such monies, which shares shall be computed as were the original shares; or, or at CITY and COUNTY request, CITY or COUNTY's share of remaining monies shall be transferred to another special fund held by DISTRICT.

MANAGEMENT OF FINANCES. As set forth in DISTRICT policy (Resolution No. 11, Series of 1973, Resolution No. 49, Series of 1977, and Resolution No. 37, Series of 2009), the funding of a local body's one-one- half share may come from its own revenue sources or from funds received from state, federal or other sources of funding without limitation and without prior DISTRICT Board approval. Payment of CITY and DISTRICTeach party's full share (CITY - $210,0005,675,000; DISTRICT - $420,0005,675,000) shall be made to DISTRICT subsequent to execution of this Agreement and within 30 days of request for payment by DISTRICT. Payment of COUNTY's full share (County - $275,000) shall be made to DISTRICT in 2017, as COUNTY has not budgeted or appropriated funds for PROJECT in 2016. If COUNTY fails to make payment to DISTRICT on or before March 31, 2017, then this Agreement shall be terminated by PARTIES and DISTRICT shall return all funds previously deposited to PARTIES. The payments by PARTIES shall be held by DISTRICT in a special fund to pay for increments of PROJECT as authorized by PARTIES, and as defined herein. DISTRICT shall provide a periodic accounting of PROJECT funds as well as a periodic notification to CITY and COUNTY of any unpaid obligations. Any interest earned by the monies contributed by PARTIES shall be accrued to the special fund established by DISTRICT for PROJECT and such interest shall be used only for PROJECT upon approval by the contracting officers (Paragraph 13). Within one year of completion of PROJECT if there are monies including interest earned remaining which are not committed, obligated, or disbursed, each party shall receive a share of such monies, which shares shall be computed as were the original shares; , or, at CITY and COUNTY request, CITY or COUNTY's share of remaining monies shall be transferred to another special fund held by DISTRICT.

MANAGEMENT OF FINANCES. As set forth in DISTRICT policy (Resolution No. 11, Series of 1973, Resolution No. 49, Series of 1977, and Resolution No. 37, Series of 2009), the funding of a local body's one-one- half share may come from its own revenue sources or from funds received from state, federal or other sources of funding without limitation and without prior DISTRICT approval. Payment of CITY and DISTRICTeach PARTY's full share (CITY - $210,0001,835,000; DISTRICT - $420,0001,485,000) shall be made to DISTRICT subsequent to execution of this Agreement AGREEMENT and within 30 days of request for payment by DISTRICT. Payment of COUNTY's full share (County - $275,000) shall be made to DISTRICT in 2017, as COUNTY has not budgeted or appropriated funds for PROJECT in 2016. If COUNTY fails to make payment to DISTRICT on or before March 31, 2017, then this Agreement shall be terminated by PARTIES and DISTRICT shall return all funds previously deposited to PARTIES. The payments by PARTIES shall be held by DISTRICT in a special fund to pay for increments of PROJECT as authorized by PARTIES, and as defined herein. DISTRICT shall provide a periodic accounting of PROJECT funds as well as a periodic notification to CITY and COUNTY of any unpaid obligations. Any interest earned by the monies contributed by PARTIES shall be accrued to the special fund established by DISTRICT for PROJECT and such interest shall be used only for PROJECT upon approval by the contracting officers (Paragraph 13). Within one year of completion of PROJECT if there are monies including interest earned remaining which are not committed, obligated, or disbursed, each party shall receive a share of such monies, which shares shall be computed as were the original shares; or, or at CITY and COUNTY request, CITY or COUNTY's share of remaining monies shall be transferred to another special fund held by DISTRICT.