Common use of Operating Budget, Reimbursable Expenses, and Operating Funds Clause in Contracts

Operating Budget, Reimbursable Expenses, and Operating Funds. The Contractor shall prepare and submit to the Authority for its review and approval an Operating Budget for each Contract Year of the Operating Period at least sixty (60) days prior to the end of each Contract Year. The Operating Budget shall be reviewed quarterly by the Authority and the Contractor and may be reviewed more frequently at the request of either. 1. All Operating Budget approvals and approvals of revisions of said Operating Budgets will be made in writing by the Authority. The approved Operating Budgets or revised Operating Budget shall be binding upon the Contractor. 2. The Operating Budget shall be comprised of two (2) sections: the first shall detail the normal, recurring reimbursable expenses, such as those listed in Article VII.A.2 (a), below, and the second section shall detail the non-recurring reimbursable expenses that are expected to occur on a one time or irregular basis. These two sections together shall constitute the entire Operating Budget. a) The normal recurring expenses portion of the Operating Budget shall include, at a minimum, the following separate subsections or other subsections as the Authority directs, broken down into the level of line-item detail as requested by the Authority. If actual expense amounts are not known at the time of Operating Budget preparation, the Contractor shall include reasonable estimates of the expenses for each item; however, only the actual amount of the expense, not the estimated amount will be reimbursed by the Authority. i. Personnel Compensation ii. Employee Benefits iii. Lease & Rental Payments iv. Contractual Services v. Supplies & Materials vi. Non-Capital Equipment

Operating Budget, Reimbursable Expenses, and Operating Funds. The Contractor shall prepare and submit to the Authority for its review and approval an Operating Budget for each Contract Year of the Operating Period at least sixty (60) days prior to the end of each Contract YearPeriod. The Operating Budget shall be reviewed quarterly by the Authority and the Contractor and may be reviewed more frequently at the request of either. 1. All Operating Budget approvals and approvals of revisions of said Operating Budgets will be made in writing by the Authority. The approved Operating Budgets or revised Operating Budget shall be binding upon the Contractor. 2. The Operating Budget shall be comprised of two (2) sections: the first shall detail the normal, recurring reimbursable expenses, such as those listed in Article VII.A.2 (a), below, and the second section shall detail the non-recurring reimbursable expenses that are expected to occur on a one time or irregular basis. These two sections together shall constitute the entire Operating Budget. a) The normal recurring expenses portion of the Operating Budget shall include, at a minimum, the following separate subsections or other subsections as the Authority directs, broken down into the level of line-item detail as requested by the Authority. If actual expense amounts are not known at Authority for the time of Operating Budget preparation, the Contractor shall include reasonable estimates of the expenses for each item; however, only the actual amount of the expense, not the estimated amount will be reimbursed by the Authoritytaxicab dispatch system expenses. i. Personnel Compensation ii. Employee Benefits iii. Lease & Rental Payments Payments iv. Contractual Services v. Supplies & Materials vi. Non-Capital EquipmentInsurance & Taxes

Operating Budget, Reimbursable Expenses, and Operating Funds. The Contractor shall prepare and submit to the Authority for its review and approval an Operating Budget for each Contract Year of the Operating Period at least sixty (60) days prior to the end of each Contract Year. The Operating Budget shall be reviewed quarterly by the Authority and the Contractor and may be reviewed more frequently at the request of either. 1. All Operating Budget approvals and approvals of revisions of said Operating Budgets will be made in writing by the Authority. The approved Operating Budgets or revised Operating Budget shall be binding upon the Contractor. 2. The Operating Budget shall be comprised of two (2) sections: the first shall detail the normal, recurring reimbursable expenses, such as those listed in Article VII.A.2 (a), below, and the second section shall detail the non-recurring reimbursable expenses that are expected to occur on a one time or irregular basis. These two sections together shall constitute the entire Operating Budget. a) The normal recurring expenses portion of the Operating Budget shall include, at a minimum, the following separate subsections or other subsections as the Authority directs, broken down into the level of line-item detail as requested by the Authority. If actual expense amounts are not known at the time of Operating Budget preparation, the Contractor shall include reasonable estimates of the expenses for each item; however, only the actual amount of the expense, not the estimated amount will be reimbursed by the Authority. i. Personnel Compensation ii. Employee Benefits iii. Lease & Rental Payments Payments iv. Contractual Services v. Supplies & Materials vi. Non-Capital EquipmentScrip Activity

Operating Budget, Reimbursable Expenses, and Operating Funds. The Authority and the Contractor shall jointly and promptly review the Contractor’s first Contract Year Operating Budget that was submitted with the Contractor’s proposal and revise said Operating Budget as necessary to allow approval by the Authority no later than the start of the Contract Term. At least 60 days prior to the end of each Contract Year, the Contractor shall prepare and submit to the Authority for its review and approval an Operating Budget for each the next Contract Year of the Operating Period at least sixty (60) days prior to the end of each Contract YearTerm. The Operating Budget shall may also be reviewed quarterly by throughout the Authority and term of the Contractor and may be reviewed more frequently Contract at the request of eithereither the Authority or the Contractor. 1. All Operating Budget approvals and approvals of revisions of said Operating Budgets will be made in writing by the Authority. The approved Operating Budgets or revised Operating Budget shall be binding upon the Contractor. 2. The Operating Budget shall be comprised of two (2) sections: the first shall detail the normal, recurring reimbursable expenses, such as those listed in Article VII.A.2 (a)V.A.2.a, below, and the second section shall detail the non-non- recurring reimbursable expenses that are expected to occur on a one time or irregular basis. These two sections together shall constitute the entire Operating Budget. a) a. The normal recurring expenses portion of the Operating Budget shall include, at a minimum, the following separate subsections or other subsections as the Authority directs, broken down into the level of line-item detail as requested by the AuthorityAuthority for the taxicab dispatch system expenses. If actual expense amounts are not known at the time of Operating Budget preparation, the Contractor shall include reasonable estimates of the expenses for each item; however, only the actual amount of the expense, not the estimated amount will be reimbursed by the Authority. i. Personnel Compensation ii. Employee Benefits iii. Lease & Rental Payments Payments iv. Contractual Services v. Supplies & Materials vi. Non-Capital EquipmentInsurance & Taxes