Common use of Revenue Expenditure Clause in Contracts

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.

Appears in 3 contracts

Samples: democracy.durham.gov.uk, democracy.durham.gov.uk, democracy.durham.gov.uk

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Revenue Expenditure. 14.1 15.1 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.

Appears in 1 contract

Samples: democracy.durham.gov.uk

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