Base Budget. The base budget amount of One Hundred Seventeen Million Dollars ($117,000,000.00), or such other amount as may be approved by the Parties as the base budget for the Project.
Base Budget. The Council’s main budget for they year, taking into account pressures, savings and funding. This is also used as the basis for future years budgets, updated for inflation, new pressures, savings etc.
Base Budget. Each year the YCB Governing Board shall prepare an annual base budget (“Budget”) for the ensuing calendar year. The Budget shall show estimated expenses of operation and the amount to be paid by each of the Participating Parties. If a majority of the YCB Governing Board vote in favor of the budget and if those voting in favor include half or more of the representatives of the Participating Parties, the Budget shall be deemed approved. The YCB Governing Board may amend the Budget consistent with the terms of this section as it deems necessary.
