Common use of Three Year and Annual Budget Clause in Contracts

Three Year and Annual Budget. (a) The Joint Committee shall agree a budget for the Accountable Body costs, Economic Strategy Board Costs, Joint Committee Costs, Joint Scrutiny Committee Costs, Programme Board Costs and Portfolio Management Office Costs on a rolling 3 year basis. The Joint Committee shall review this budget annually and before the commencement of each financial year and shall agree the Annual Costs Budget each year with year 1 being confirmed and years 2 and 3 being indicative.

Three Year and Annual Budget. (a) The Joint Committee shall agree a budget for the Accountable Body costs, Economic Strategy Board CostsESB costs, Joint Committee Costscosts, Joint Scrutiny Committee Costscosts, Programme Board Costs costs and Portfolio Management Regional Office Costs costs on a rolling 3 year basis. The Joint Committee shall review this budget annually and before the commencement of each financial year and shall agree the Annual Costs Budget each year with the year 1 being confirmed and years 2 and 3 being indicative.