Examples of Program Expenditures in a sentence
The Parties acknowledge that the EAA is expected to impose and begin collecting Program Aquifer Management Fees prior to the submittal by the Implementing Committee to the EAA of the proposed Annual Program Budget for 2013 for EAA Board approval in order to ensure that sufficient funding will be available on January 1, 2013, to pay Program Expenditures during the initial year of the Comprehensive Phase I Work Plan.
Except as provided in Subsection 5.6.1 with regard to certain costs incurred by the EAA in 2012, funds deposited in the HCP Program Account may be used only for Program Expenditures as described in this Section that have been approved in the Annual Program Budget.
The EAA will ensure that any funds collected or received for the Program that are in excess of Program Expenditures during any year and result in a Fund Balance, as provided in Subsection 5.5.4, will be applied to Program Expenditures in subsequent years, subject to the provisions of Subsection 5.5.4.
To the maximum extent possible, funds collected from a sales tax or other alternative funding source will be used to provide funding for Program Expenditures, including without limitation, the implementation of Phase I Conservation Measures and any Phase II Conservation Measures.
In recognition that Program Expenditures may be higher in years in which Xxxxxxx Aquifer levels are low or are anticipated to be low, the HCP Program Account will allow for the accumulation by the EAA of a Fund Balance.