Annual Expenditures definition
Examples of Annual Expenditures in a sentence
TYPES OF INDVIDUALS SERVED Pregnant Women Infants < 1 year Children 1-22 years Children with Special Health Care Needs All Others NON-MCH Block Grant Annual Expenditures TOTAL NON-MCH Block Grant Dollars (Federal Grants, Fee Type, State and Local Funds, etc.), and general purpose of funds.
The charge for the period beginning with the Year through the end of the period covered by Operator's invoice ("Year-to-Date") under Section 3.1 above shall be a percentage of the Year-to-Date expenditures, calculated on the following scale (U.S. Dollars): Annual Expenditures $0 to $1,000,000 of expenditures = 5 % Next $1,500,000 of expenditures = 3 % Next $3,500,000 of expenditures = 2 % Excess above $6,000,000 of expenditures = 1% A minimum amount of U.S.$2,500 shall be assessed each month.
The sum of such Maximum Annual Expenditures for the duration of the Master Agreement is the “Master Agreement Sum”.
In each year of this Master Agreement, the total of all amounts actually expended by County hereunder ("Maximum Annual Expenditures") may not exceed amounts allocated to County by the Board of Supervisors in County's approved budget.