Direct Operating Costs definition
Direct Operating Costs means the sum of the Fixed Costs and Variable Costs of service, maintenance and other costs of service, where:
Direct Operating Costs has the meaning assigned to such term in the Definitions Agreement.
Direct Operating Costs means the pro-rated share of contract instructor salary and fringes associated with providing the contracted services.
Examples of Direct Operating Costs in a sentence
The City will periodically transfer to and/or retain in the Operating Account the budgeted Direct Operating Costs for the applicable period, which may be accessed by the Contractor for the purpose of paying Direct Operating Costs, which transfers will be made from amounts in the Facility Lockbox Fund or other funds of the City as determined by the City.
The Contractor shall be required to obtain and hold all pertinent permits and licenses as a Direct Operating Costs for the sale of all Alcoholic Beverages.
The reports shall include a report for the Accounting Period stating Gross Receipts by source of sales, the portion of the Annual Management Fee earned and Direct Operating Costs.
The remaining amount due to the Contractor for Direct Operating Costs incurred in such month and for the monthly portion of the Management Fee for such month will be paid within thirty (30) days of the City’s receipt of the operating statement.
The Contractor shall use funds in the Operating Account to cover Direct Operating Costs.
More Definitions of Direct Operating Costs
Direct Operating Costs. As used herein shall mean the following costs and expenses which County shall pay during any fiscal year of County, or any portion thereof which occurs during the Term, in connection with the management, maintenance, administration, repair, operation, security, gardening , landscaping, cleaning (other than janitorial expenses incurred by LAPA under Section 7.2), all referred to as “operation and maintenance of the Property” including but not limited to the following and except for those specifically identified as excluded:
Direct Operating Costs shall include ▇▇▇ Phoenix Direct Operating Expenses and SRP Phoenix Direct Operating Expenses.
Direct Operating Costs means: (A) the incremental costs of reasonable expenditures directly attributable to the Project and incurred by the Recipient on account of office supplies, printing, photocopying, travel and other travel-related expenditures, vehicle rental and operation costs, supplies and materials, in each case which would not have been incurred but for the Project; and (B) the reasonable cost of technical or professional expertise provided by the Recipient’s employees who dedicate time to the specific activities of the Project, whether on a full-time basis or otherwise; in each case in accordance with the Annual Work Plan in effect at the time the expenditure is incurred; and
Direct Operating Costs are the actual out-of-pocket costs of the Food Services operation incurred by Contractor at the Facility. These costs include, but shall not be limited to, the actual expense of all food, beverage and supplies, on-site payroll, payroll taxes, fringe benefits, reasonable and approved employee relocation and severance costs, reasonable and approved bonuses for employees, and all other on-site operating expenses including, but not limited to, reasonable insurance charges, external certified annual audit fees, license fees, pest control, permits, cleaning expenses, small-wares, uniforms, repairs and maintenance, service or discount charges on credit card sales, cleaning and office supplies; provided, any discounts, allowances, and rebates received in connection with purchases solely for customer will be credited to Direct Operating Costs. Any portion of national volume or other discounts and allowances related to the Contactor’s operation at the Facility will be retained by the City unless otherwise mutually agreed. Relocation expenses and travel and temporary living expenses will be capped at such level as the City or Convention Center Operator may direct. Direct Operating Costs shall not include Contractor’s income taxes, franchise taxes or business profit taxes, the Contractor’s supervision and support services, account and payroll services (provided, that external payroll processing and delivery services fees and expenses shall be a Direct Operating Cost), nor shall Contractor add or cause to be added any additional fees through or via an internal department or external vendor of products and services (unless otherwise agreed or with respect to certain agreed services directly benefitting the Facility are performed off-site), facility planning and design, auditing, legal, purchasing, personnel, public relations, etc.), payments to management recruiting companies, other general corporate administrative and overhead expenses, replacement of smallwares in excess of one and one-half percent (1.5%) of Gross Receipts, performance, fidelity and payment bonds, or any payments made by Contractor to the City, if any, in accordance with Section16; Contractor will be responsible to pay these costs from its own funds as part of Contractor’s administrative and overhead expenses. Direct Operating Costs shall include expenditures for goods, services, and other items of the type described in the line items of the Operating Budget together with any other costs reasonably re...
Direct Operating Costs means the sum of the following:
a. cost of sales, calculated according to the Uniform System of Accounts for Restaurants, as adopted by the National Restaurant Association, 1996 (“USAR”);
b. payroll, service charge distributions, reserves for bonuses and vacation pay, employee benefits, and employee meals, all as calculated according to USAR;
c. those expenses relating to the licenses necessary to perform the Services including, but not limited to, the cost of the Authority provided electrical and utility services and fees payable to the appropriate regulatory agency for alcoholic beverage and food purveyor or dispenser licenses, all calculated according to generally accepted accounting principles;
d. fees and other costs and expenditures required to permit the Manager to operate a Franchise;
e. certain interest and depreciation expenses, subject to the prior written approval of the Authority;
f. all other costs and expenses identified elsewhere in the Agreement as Direct Operating Costs;
g. such other expenses as may be agreed upon in writing by the Authority and the Manager;
h. the facility operational expenses including Food and Beverage Related Utility Expenses, Utility Installation Expenses and Room Conversion Fees as provided herein; and
i. the Management Fee, Incentive Fee and Retail Food Licensee Fee payable to Manager under this Agreement. The following are not included in the calculation of Direct Operating Costs:
j. the Manager’s Federal, state or local income taxes and any other taxes not identified elsewhere in or contemplated under the Agreement, provided, however, that federal, state, municipal or other governmental excise, use and sales taxes shall be a Direct Operating Cost hereunder;
k. those actual costs incurred by Manager for Authority Sponsored Events pursuant to section 10.3;
l. corporate general and administrative overhead expenses including, but not limited to, the payroll burden for Manager’s owners, officers, directors, and corporate and administrative staff; however, the reasonable costs of travel by Manager’s corporate or regional personnel incurred after the commencement of the Term hereunder in connection with overseeing the performance of the Services hereunder shall be a Direct Operating Cost;
m. the cost of outside consulting services or professional services, e.g., recruitment services, unless specifically approved in advance and in writing by the Authority; n. the costs of parking, subject to Section 3.3;
▇. the Manager’...
Direct Operating Costs means all labor costs (including benefits and other payroll costs) paid to personnel at the engaged in the operation of the Parking Garage; costs of required employee uniforms and cleaning; extermination costs, all necessary utilities and services to the Parking Garage including, but not limited to, electrical power, telephone, cell phone for on- site manager, water service, trash pick-up, degreasing service, re-striping service, speed bump and ▇▇▇▇ dots replacement, shall mean all operational costs exclusively related to the operation of the Parking Garage, such as employee labor, material supplies, gasoline and propane used for various cleaner equipment and machinery, fluorescent light bulbs, the cost of insurance and fidelity bonds. Direct Operating Costs also includes HVAC maintenance, sump pump maintenance, costs of trash removal, cleaning costs, costs incurred in the maintenance and repair of any equipment; general maintenance and repairs, signage, gate arm and card reader service, and computer repair service and
Direct Operating Costs means the sum of the fixed costs and variable costs of service, maintenance and other costs of service, where:
(i) “fixed costs” means items of cost that may be reasonably and conveniently identified with the overall service but cannot be directly assigned to a unit of service such as hours or kilometres of service. Items of cost will exclude the cost of items which are normally capitalized but may include appropriate charges for depreciation of capital assets.
(ii) “variable costs” means items of cost which may be reasonably and conveniently identified and allocated to a specific unit of service such as hours or kilometres of service.
(iii) “maintenance costs” means parts and materials, sublet and labour costs of a qualified licensed mechanic for the maintenance of the transit vehicle, but shall not include costs associated with interior and exterior transit advertising signs and non-mechanical servicing of vehicle such as fuelling, maintaining passenger data and fares, cleaning/washing vehicle, etc., and work performed by a service person.
(iv) “other costs” includes but not be limited to vehicle insurance costs incurred by the Municipality and Operating Company.