Common use of XXXXX Reserve Clause in Contracts

XXXXX Reserve. The School’s ending fund balance will comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (‘XXXXX Reserve’). The School will maintain its XXXXX reserve in a revenue bearing account. In addition, the School will maintain a positive fund balance at year end.

Appears in 6 contracts

Samples: Charter School Contract, Charter School Contract, Charter School Contract

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XXXXX Reserve. The School’s ending fund balance will shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (XXXXX Reserve). The School School, will maintain its establish a XXXXX reserve Reserve account and ensure that balances are appropriate, in a revenue bearing account. In addition, the School will maintain a positive fund balance at year endkeeping with Colorado Constitutional requirements and consistent with state and District policies and law.

Appears in 3 contracts

Samples: Charter School Contract Skyview Academy, Charter School Contract, Science Technology Engineering And

XXXXX Reserve. The School’s ending fund balance will shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (XXXXX Reserve). The School School, will maintain its establish a XXXXX reserve Reserve account and ensure that balances are appropriate, in a revenue bearing account. In addition, the School will maintain a positive fund balance at year endkeeping with Colorado Constitutional requirements and consistent with state and District policies and law.

Appears in 2 contracts

Samples: Science Technology, douglaspublic.ic-board.com

XXXXX Reserve. The School’s ending fund balance will comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (‘XXXXX Reserve). The School will maintain its XXXXX reserve in a revenue bearing account. In addition, the School will maintain a positive fund balance at year end. A material violation of this Section shall constitute a material breach and may result in the Institute initiating remedies described in Sections 3.5 and 12 of the Contract.

Appears in 2 contracts

Samples: Charter School Renewal Agreement, Charter School Agreement

XXXXX Reserve. The School’s ending fund balance will shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (‘XXXXX Reserve’). The School will maintain its is solely responsible for maintaining a XXXXX reserve Reserve in a revenue bearing account. In additionaccordance with and adequate to meet the requirements of Article X, Section 20 of the School will maintain a positive fund balance at year endColorado Constitution.

Appears in 2 contracts

Samples: resources.finalsite.net, www.adams12.org

XXXXX Reserve. The School’s ending fund balance will comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (‘XXXXX Reserve’). The School will maintain its XXXXX reserve in a revenue bearing account. In addition, the School will maintain a positive fund balance at year end. A material violation of this Section shall constitute a material breach and may result in the Institute initiating remedies described in Sections 3.5 and 12 of the Contract.

Appears in 2 contracts

Samples: Charter School Renewal Agreement, Charter School Renewal Agreement

XXXXX Reserve. The School’s ending fund balance will comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (‘XXXXX Reserve’). The School will maintain its XXXXX reserve in a revenue bearing account. In addition, the School will maintain a positive fund balance at year end.Constitution

Appears in 1 contract

Samples: Charter School Contract

XXXXX Reserve. The School’s ending fund balance will for each fiscal year of the term of this Contract shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (XXXXX Reserve). The School will maintain its establish a XXXXX reserve Reserve account and ensure that balances are appropriate, in a revenue bearing accountkeeping with Colorado Constitutional requirements and consistent with State and District policies and law. In addition, XXXXX reserves must be maintained throughout the School will maintain a positive fund balance at year endfiscal year.

Appears in 1 contract

Samples: Charter School Contract

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XXXXX Reserve. The School’s ending fund balance will for each fiscal year of the term shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (XXXXX Reserve). The School will maintain its a XXXXX reserve Reserve balance and ensure that balances are appropriate, in a revenue bearing accountkeeping with Colorado Constitutional requirements and consistent with state law and District policies. In additionIf the School has an unplanned emergency that could result in borrowing or spending down the XXXXX Reserve, the School will maintain a positive fund balance at year endDistrict Chief Financial Officer should be notified to discuss the financial issue, forecast and revised business plan.

Appears in 1 contract

Samples: Charter School Renewal Contract

XXXXX Reserve. The School’s ending fund balance will shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (XXXXX Reserve). The School will maintain its establish a XXXXX reserve Reserve account and ensure that balances are appropriate, in a revenue bearing account. In addition, the School will maintain a positive fund balance at year endkeeping with Colorado Constitutional requirements and consistent with state and District policies and law.

Appears in 1 contract

Samples: Charter School Contract Pagosa Peak Open School

XXXXX Reserve. The School’s ending fund balance will comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (‘XXXXX TABOR Reserve’). The School will maintain its XXXXX reserve in a revenue bearing account. In addition, the School will maintain a positive fund balance at year end. A material violation of this Section shall constitute a material breach and may result in the Institute initiating remedies described in Sections 3.5 and 12 of the Contract.

Appears in 1 contract

Samples: Charter School Contract

XXXXX Reserve. The School’s ending fund balance will for each fiscal year of the term of this Contract shall comply with the emergency reserve requirements of Article X, Section 20 of the Colorado Constitution (XXXXX Reserve). The School will maintain its establish a XXXXX reserve Reserve account and ensure that balances are appropriate, in a revenue bearing accountkeeping with Colorado Constitutional requirements and consistent with State and District policies and law. In addition, XXXXX reserves must be maintained throughout the School will maintain a positive fund balance at year endfiscal year.

Appears in 1 contract

Samples: resources.finalsite.net

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