Monitoring budgets Sample Clauses

The "Monitoring budgets" clause establishes the requirement for ongoing oversight and review of financial expenditures related to a project or agreement. It typically outlines the process by which parties track spending against the approved budget, including the frequency of reporting and the responsibilities of each party in providing updates or justifications for variances. This clause ensures that financial resources are managed effectively, helps prevent overspending, and promotes transparency and accountability throughout the duration of the project.
Monitoring budgets. 3.3.1 Settings will be given assistance to complete the relevant grant application forms 3.3.2 It is expected members will receive up to 30 grant applications per year 3.3.3 Reports will be produced on appropriate cycles to ensure local committee are informed about spending and commitments to enable budgetary monitoring and control as well as spending decisions 3.3.4 Grant applications will be processed in accordance with laid down procedures. The main purpose to ensure legality, forms completed accurately, checking for double funding, meeting the relevant criteria, views of relevant agencies sought and considered. 3.3.5 The recommendations from local Committees to be accurately recorded and administered 3.3.6 Any conditions of Agreement to be notified to applicants and to be followed up as appropriate 3.3.7 Applicants to be informed in writing of success or otherwise 3.3.8 Successful applicants a Business Support Officer will monitor progress and ensure funds are accurately spent 3.3.9 Payments of grants to be arranged and made, including appropriate cheque presentation/press releases 3.3.10 Financial records to be kept in accordance with County council procedures
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Monitoring budgets. Each Project Manager has access to the labor hours charged to each job and can monitor project budgets daily. Using the cumulative hours, the percent of budget used is calculated and plotted on the project S-curve. The project manager can then assess the following: ▪ Are percent complete and percent budget expended close to the planned curve? ▪ Are percent complete and percent budget expended curves parallel, converging, or diverging? ▪ Does the rate of progress match the budget expenditure rate? ▪ Schedule and labor-hour budgets are established to provide sufficient resources to complete each aspect of a project. This is monitored monthly in relation to the progress of the project to allow early detection of potential budget or schedule problems. LOS ANGELES COUNTY SANITATION DISTRICTS // ON-CALL ENGINEERING SERVICES Carollo has developed defined Quality Control Procedures. Miko and ▇▇▇▇▇▇ will prepare a Project Checklist that lists various project steps. This checklist guides the project team to identify the necessary quality management steps. The checklist helps confirm that the project follows our quality management procedures. Special requirements that can impact the project are identified. This can include special permits and regulatory approvals that could affect schedule, teaming arrangements, and project delivery issues. Carollo has developed several design aid manuals and other Quality Control Tools. These manuals are maintained both as hard copies and on our intranet. These documents are regularly used on our projects to provide a consistent approach to quality management. Next, a work plan is established to sequence the work effort, outlines when work needs to occur within the project schedule, schedules meeting times, identifies topics of discussion at the meetings, highlights key decisions to be made, and tracks the status of the project deliverables. In addition, a Project Management Plan documents the lines of communication, overall schedule, project scope and budget, staffing plan, and any special requirements. Projects receive a series of reviews at various project points as part of the Quality Control Procedures. These include a peer review at the preliminary design report (PDR) phase and owner review at set milestones (60 and 90-percent). These checklists will be modified based on the particular task order that we will work on under the On-Call Engineering contract. One of the most important elements of a quality management program is t...
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Related to Monitoring budgets

  • Operating Budgets Manager has submitted to Owner, for Owner's approval, a proposed operating budget for the ensuing full or partial fiscal year, as the case may be ("Operating Budget"). Hereafter, Manager shall, not less than forty-five (45) days prior to the commencement of each full fiscal year, submit to Owner, for Owner's approval, a proposed Operating Budget for the ensuing full or partial fiscal year, as the case may be. Each Operating Budget shall be accompanied by, and shall include, a business plan which shall describe business objectives and strategies for the period covered by the Operating Budget. The business plan shall include, without limitation, an analysis of the market area in which the Hotel competes, a comparison of the Hotel and its business with competitive hotels, an analysis of categories of potential guests, and a description of sales and marketing activities designed to achieve and implement identified objectives and strategies. Fee Owner shall have no right to approve any Operating Budget. Owner's approval of the Operating Budget shall not be unreasonably withheld and shall be deemed given unless a specific written objection thereto is delivered by Owner to Manager within fifteen (15) days after submission. Owner shall review the Operating Budget on a line-by-line basis. To be effective, any notice which disapproves a proposed Operating Budget must contain specific objections in reasonable detail to individual line items. If the initial Operating Budget contains disputed budget item(s), said item(s) shall be deemed adopted until Owner and Manager have resolved the item(s) objected to by Owner or the Accountant(s) (hereinafter defined in Section 10.02) have resolved the item(s) objected to by Owner. Thereafter, if Owner disapproves or raises objections to a proposed Operating Budget in the manner and within the time period provided therefor, and Owner and Manager are unable to resolve the disputed or objectionable matters submitted by Owner prior to the commencement of the applicable fiscal year, the undisputed portions of the proposed Operating Budget shall be deemed to be adopted and approved and the corresponding line item contained in the Operating Budget for the preceding fiscal year shall be adjusted as set forth herein and shall be substituted in lieu of the disputed items in the proposed Operating Budget. Those line items which are in dispute shall be determined by increasing the preceding fiscal year's corresponding line items by an amount determined by Manager which does not exceed the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, U.S. City Average, all items (1984-1986=100) for the fiscal year prior to the fiscal year with respect to which the adjustment to the line item is being calculated or any successor or replacement index thereto. The resulting Operating Budget obtained in accordance with the preceding sentence shall be deemed to be the Operating Budget in effect until such time as Manager and Owner have resolved the items objected to by Owner. Manager shall revise the Operating Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant, additional, unanticipated items of income or expense. Any such revision shall be submitted to Owner for approval,

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and each Secured Debt Holder Group Representative with a copy of such operating plan and budget (the "Operating Budget"). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Common Security Trustee, acting reasonably and in consultation with the Independent Engineer; provided, that if the Common Security Trustee shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided further that the Common Security Trustee shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget. (b) Each Operating Budget delivered pursuant to this Section 6.12 shall contain Operating Budget Categories, and shall specify for each Fiscal Quarter and for each such Operating Budget Category the amount budgeted for such category for such Fiscal Quarter. (c) Each Operating Budget may only be amended with the prior written consent of the Common Security Trustee (in consultation with the Independent Engineer), which consent shall not be unreasonably withheld, conditioned, or delayed.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Budgets Borrower shall have delivered, and Lender shall have approved, the Annual Budget for the current Fiscal Year.

  • Budget 1. The Grantee budget for grant activities for the 2023 Summer Program and State fiscal year 2024 is $ 1,000,267. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type. 2. The Grantee may transfer funds among its administrative budget line items as required to carry out the purposes of the grant. Transfer of funds within specified budget categories do not require approval from OSHE (i.e. moving funds from one counselor position to pay for another), however, any transfer of funds from one category to another will require prior approval from OSHE and will be treated as a modification to the program’s contract Attachment. 3. Any request for a budget modification must be in writing and must include a revised budget. All budget revisions and modifications must be in accordance with the EOF Regulations, Section N.J.A.C. 9A:11-6.11. The Grantee will be liable for all unapproved debts.