Revenue Expenditure Sample Clauses

Revenue Expenditure. 14.1 All losses/deficits or profits/surpluses either incurred or generated as a result of the normal operational business of the Joint Committee in any financial year shall be borne or distributed in the following percentages 35% Gateshead and 65% Durham County Council. This arrangement shall be subject to review at least every five years with the first review taking place in March 2015.
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Revenue Expenditure. 15.1 All expenses of a revenue nature incurred by the Joint Committee in any financial year shall be borne in accordance with the same Formula to be applied to capital expenditure, namely according to the throughput of cremations emanating from each of the respective Authorities for the relevant financial year as set out in paragraph 14.1.3.
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Revenue Expenditure. The Trust shall be responsible for all revenue expenditure relating to the operation of the Properties and delivery of the Services unless it is detailed in this Services Specification as being the responsibility of the Council. In particular and for the avoidance of doubt, the Trust is responsible for the payment of the following: • National Non Domestic Rates, Water and Sewerage Rates; • Payment of utility charges; • The purchase of all consumables relating to the operation of the Services; • The purchase, repair and maintenance of items of plant, equipment, furniture and fittings unless expressly identified as being the responsibility of the Council; The Council is responsible for the payment of the following: • Capital charges; • The payment of costs relating to the Council maintenance and repair responsibilities as detailed in this Agreement, the Leases and the Licences to Occupy. • Property Insurance in respect of the Properties • Insurances of fixed items of plant and equipment and any other insurances in connection with the Business (as defined in the Asset Transfer Agreement) or provision of the Services;
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Revenue Expenditure. 14.1 All expenses incurred by the Joint Committee out of income in any financial year shall be borne equally by the Authorities.
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Related to Revenue Expenditure

  • Capital Expenditure Make or incur any Capital Expenditure if, after giving effect thereto, the aggregate amount of all Capital Expenditures by Borrower in any fiscal year would exceed the amount set forth on the Schedule;

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

  • Capital Expenditures The Issuer shall not make any expenditure (by long-term or operating lease or otherwise) for capital assets (either realty or personalty).

  • Budget 1. The Grantee budget for grant activities for the 2023 Summer Program and State fiscal year 2024 is $ 114,803. 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.

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