Operations Budget. MLA shall submit to MCK an annual operations budget ("Operations Budget") by December 1 of each year for the immediately succeeding calendar year which shall itemize the projected expenditures and the anticipated net profit (as determined in accordance with generally accepted accounting principles) of the System. Such Operations Budget shall form the basis on which expenditures for the System shall be made.
Operations Budget. Complete the Chart on the following page for your new project’s total operations budget. In the first column, the operating cost activity is given. You must enter the quantity (if applicable) for each operating item that will be paid for using SHP funds. Add any other eligible operating costs not listed on the chart that will be paid for using SHP funding. For staff positions, please include the job title, salary, percent of time allocated for the position, and fringe benefits. Please ensure that the total SHP dollars requested match the amount you entered in the ‘‘SHP Total Request’’ column on Line 5, Operations, in your Project Budget in Section I. In the second column, enter the amount of SHP funding requested for each eligible operating cost that will be needed in your project. Operating costs are those costs associated with the day-to-day operation of supportive housing. Operating costs support the function and the operation of the housing project. Examples of SHP eligible operating costs include utilities, maintenance, security and salaries of staff not delivering services, such as the project manager or executive director, and indirect operating costs that meet the standards of OMB Circulars A–87 and A–122. If requesting SHP operating funds, only the portion of the costs directly related to the operation of the housing project is eligible. For example, if a project sponsor’s executive director will spend 10% of his/her time providing management to the housing project, then (up to) 10% of his/her salary can be charged as an SHP operating expense. As another example, in cases of shared utilities, SHP operating funds may pay only for the portion of the utilities associated with the housing project based on the square footage of the project’s space. If the housing project occupies 25% of the building’s space, then (up to) 25% of the monthly utility bill can be paid for using SHP operating funds.
(a) SHP operating funds may not be used to pay for the following costs:
(b) Operating costs of a supportive services only facility;
(c) Administrative expenses such as audits and preparing HUD reports;
(d) Rent of space for supportive housing and/or supportive services (see Real Property Leasing);
(e) The payment of principal and interest on a loan for a facility currently being used as supportive housing and/ or for the delivery of services; and
(f) Depreciation, because it does not constitute an incurred cost that requires a cash outlay. SHP funds can be used ...
Operations Budget. 4.1.1 Not later than May 15th prior to the commencement of each Contract Year, Contractor shall submit to owner an Estimated Budget for Operation and Routine Maintenance services including Direct Costs, Contractor's Fee and Direct Material Costs, setting forth by line item entries in the proposed total Budget, in a level of detail (i) reflected in the Budget for the previous Contract Year, and (ii) satisfactory to Owner. The Estimated Budget shall be accompanied by a projection of the Facility Work Force staffing level.
4.1.2 Not later than June 1st, following Contractor's submission of each Estimated Budget, Owner shall notify Contractor of any proposed changes to the Estimated Budget and projections reflected therein, as Owner may deem necessary or appropriate. Within fifteen (15) days following receipt of such notice from Owner, Contractor shall either confirm to Owner its ability to perform the services during such period in conformance with Owner's proposed changes, or object to such proposed changes, stating in detail the reason for such objection. If Owner and Contractor are unable to agree on the Budget prior to the first Day of any Contract Year, the sum paid with respect to expenses for the immediately preceding Contract Year, escalated pursuant to Section 7.6, shall be deemed applicable (subject to retroactive adjustment) for such Contract Year, except that such prior year expenses shall not be applicable if, with respect to expenses, planned maintenance, and other significant events occurred in the preceding Contract Year, or are anticipated in the Second Amended and Restated Selkirk O&M Services Agreement CONFIDENTIAL EXECUTION COPY 6/29/00 upcoming Contract year, until such time as Owner and Contractor reach agreement on the Budget by negotiation. If Owner and Contractor are unable to agree on the Budget prior to the first Day of any Contract Year, and if the sum paid with respect to expenses for the immediately preceding Contract Year is not applicable to the current Contract Year because, with respect to expenses, significant events occurred in the preceding Contract Year, or are anticipated in the upcoming Contract Year, then, subject to Contractor's rights in Section 12.1, Owner shall establish a reasonable Budget for the areas of variation or disagreement consistent with Prudent Utility Practices, the Work Scope, and other similar projects. Notwithstanding the foregoing, the Budget may be amended upon the agreement of Owner and Contracto...
Operations Budget. As soon as practicable after the execution and delivery of this Joint Venture Agreement and not less than 30 days prior to the commencement of each fiscal year thereafter, Farr and Quest shall together prepaxx x business plan reflecting the estimated receipts and expenditures (operating and capital) of QF for each such fiscal year (an "Operations Budget"). Such Operations Budget shall be updated and modified from time to time as agreed by both Farr and Quest.
Operations Budget. S.8 Table of Depredation S.9 Loan and Repayment Scheme S.10 Pro Forma Balance Sheet S.11 Financial Ratios 6.0 CONCLUSION 7.0 APPENDIXES
Operations Budget a) The City shall contribute $258,767.00 towards Aquatic Facility operations costs for the first year of the Agreement's Term. For each subsequent year for the term of this Agreement, plus any extensions, the City shall contribute an amount equal to the previous year's contribution for operational costs plus an additional three percent (3%). The City shall be solely responsible for any operations budget deficits during the Agreement Term.
b) The School District shall contribute $178,000.00 towards Aquatic Facility operations costs for the first year of the Agreement's Term. For each subsequent year for the term of this Agreement, plus any extensions, the School District shall contribute an amount equal to the previous year's contribution for operational costs plus an additional three percent (3%).
c) Any annual operational surplus shall be applied to the operations budget for the following year.
Operations Budget. Lead Agency acknowledges that, where not indicated otherwise, the fundspaid by PHC to the Lead Agency under this Agreement are public monies allocated by the Province of British Columbia through the Ministry of Mental Health and Addictions or Ministry of Health or other such government funding moby to FCO for the purpose of delivering the Services. Accordingly, Lead Agency will use or apply the funds in a manner that is consistent with what would be considered fiscally responsible, publicly justifiable, prudent and appropriate for a publicly-funded organization, all as may be determine by FCO acting reasonably. Lead Agency, with the support of FCO, will by March 1st of each year create, using a template provided by FCO, and deliver to FCO, for agreement, a budget that shows the Lead Agency’s proposed use of Operational Funding for the Centre for the following fiscal year (April 1 to March 31), and lists contributions and their estimated values from both the Lead Agency and local partners (“Operations Budget”), which may be modified by Lead Agency from time to time, provided that if any one or more modifications result in an increase or decrease of 20% or more within or between expense types of the total budget, such modified budget shall be resubmitted to FCO for review and agreement.
Operations Budget. The City shall initially contribute $248,000.00 towards the Aquatic Facility operations costs. For each subsequent year for the term of this Agreement, plus any extensions, the City shall contribute an amount equal to the previous year’s contribution for operational costs plus an additional three percent (3%). The School District shall initially contribute $178,000.00 towards the Aquatic Facility operations costs. For each subsequent year for the term of this Agreement, plus any extensions, the School District shall contribute an amount equal to the previous year’s contribution for operational costs plus an additional three percent (3%).
Operations Budget i. An operations budget shall be prepared for the multicounty Community Services Program. The Executive Committee will define the program(s) that are included as Community Services Programs for budgeting and reporting purposes. NCCSP will provide a budget for each program that includes all revenues by category and expenses by activity for the next calendar year. Appropriations required from funding Counties for operations for the Community Services Program shall be determined through a process which allocates the revenue and expense items of the budget according to the following provisions and arrives at net appropriations needed from each County for the ensuing calendar year.
ii. New Programs. A written Agreement should be completed for all programs that NCCSP completes on behalf of any of the Counties as determined necessary by the Executive Committee. Regardless of funding source, any new programs proposed by NCCSP, must be reviewed and approved by the Executive Committee.
iii. The Executive Committee shall provide budget guidelines and priorities, as well as a budget development calendar, to direct budget development to the Executive Director no later than June 1.
iv. Thereafter, the Board, in conjunction with the Director, shall present the proposed budget to the Executive Committee, who shall then review and recommend a proposed budget to the County Administrator in counties that have a County Administrator or to each respective County Board of Supervisors in counties that have an Administrative Coordinator, consistent with the budget calendar as set forth above.
Operations Budget. Service Agreements
