Common use of PAYMENT TRANSFERS Clause in Contracts

PAYMENT TRANSFERS. Annually, the Parties agree to transfer 100% of the Fiscal Year’s Adopted Budget Funding that are general funds to the recipients on or before August 31 of the Fiscal Year. In the event that additional services are requested that were not part of the Adopted Budget the Parties will agree to address these payments through one or more additional Funding transfers. The timing for Budgeted Funding transfers applies only to general fund Funding and does not apply to transfers of State and Federal Funding.

Appears in 4 contracts

Samples: Homelessness Response System Intergovernmental Agreement, Homelessness Response System Intergovernmental Agreement, Homelessness Response System Intergovernmental Agreement

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