Contingencies Fund definition
Examples of Contingencies Fund in a sentence
In case of loss, any insurance money received by the City shall be used for the purpose of promptly repairing or replacing the property damaged or destroyed or shall be deposited in the Contingencies Fund to supplement any other amounts required to be paid into said Fund.
A minimum of __________ dollars ($_____) shall be maintained in a Fixed Expenses and Contingencies Fund, to be replenished monthly as necessary through a Fixed Expenses Assessment against each Co-owner in an amount proportional to each Co-owner’s percentage equity in the Equipment [ALTERNATIVE 1: …in an amount proportional to each Co-owner’s use of the Equipment for the prior month/prior quarter/other.
It shall be the duty of the Engineer, if retained in accordance with this Section, to determine the economic soundness or feasibility of any extensions, betterments, improvements, expenditures or purchases of equipment and materials or supplies, which will involve the expenditure of more than Twenty-Five Thousand Dollars ($25,000), whether in one or more than one order, and whether from funds on deposit in the Contingencies Fund.