Budgeting. The budget set out in the Consortium Plan shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties.
Budgeting. Costs incurred for the development, preparation, presentation, and execution of budgets are allowable.
Budgeting. The Partnership Budget shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties.
Budgeting. Administrator shall collaborate with the Group and the Joint Planning Board in the preparation of all annual capital and operating budgets. These annual budgets shall be subject to the review, amendment and approval or disapproval of the Board of Directors of Parent or a committee designated by such Board of Directors. For purposes of developing the initial annual operating budget, the Joint Planning Board shall take into account the categories of expenses determined by Administrator and Joint Planning Board. The projected annual operating budget for each subsequent year shall be subject to the approval of the Joint Planning Board and shall reflect the Group's anticipated staffing requirements for the next fiscal year, as well as other anticipated expenses of the Practice. For purposes of developing the annual capital budget, the Joint Planning Board will include budgeted amounts for any anticipated expansion of existing facilities, acquisition of new facilities, acquisition or upgrades of equipment, any practice asset acquisitions, and any other anticipated capital expenses of the Practice.
Budgeting. The Board of Directors shall review, modify and approve each Annual Budget and the revisions thereto in accordance with Section 5.4 of this Agreement.
Budgeting. The budget set out in the Consortium Plan shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties. Above all management challenges require effective and regular (re-)budgeting of all resources needed to execute the Project, taking into account that 15% of the maximum contribution will only be paid to the consortium after the end of the project. As a consequence of the (re-)budgeting process an updated Consortium Plan will be issued. The consortium may face the need to fine tune for different funding modes (eligible costs, lump sum, flat rate and scale of unit costs) within the Project. The various schemes may be imposed by the Funding Authority and/or implemented at the request of the consortium. As a consequence these will be reflected in the budget and the payment scheme for the related task. Referring to Innovation Actions that are coordinated by a for-profit organization that thus only receives a funding rate of 70% it may be discussed in the consortium whether an additional agreement should be found on who will cover the major shares of management and dissemination costs.
Budgeting. Not later than May 1 each year, the Fixed Project Costs and Project Operation and Maintenance Expenses shall be estimated by the Agency and the District for the following Fiscal Year. Such estimates shall be made available for review by the Parties at least fifteen (15) days prior to adoption by the Agency’s or District’s respective boards.
Budgeting. Upon the submission of a proposed Annual Budget or proposed Amended Annual Budget, approved by a Normal Vote of the Project Committee, the CCP Board shall review, modify, and approve each Annual Budget and Amended Annual Budget in accordance with Section 5.1(c) of this Agreement.
Budgeting. All resources made available for the Project shall be valued in accordance with the usual accounting and management principles and practices of the respective Parties and shall be budgeted.
Budgeting a. Assumes leadership for the development of department or grade level budget and expenditure plans.
