Budget and Accounting. The PSA shall establish an annual budget in accordance with the requirements of applicable law. The PSA shall record all liabilities and loans in excess of $3,000, individually or in the aggregate, in the fiscal year to which the liability relates.
Budget and Accounting. (a) Annually, and not later than of each year, the Commission shall create and approve a budget for the operation and maintenance of the Department for the following calendar year, with the cost to be allocated equally between the Town and the City. The budget shall be submitted by such date to the clerks of the Parties. The budget shall be based upon anticipated income and projected expenditures in amounts which the Commission deems to be required for operation of the Department at a standard reasonably necessary to insure the protection and safety of residents of the Town and the City and any other entities with whom the Department has contracts to provide services.
Budget and Accounting. The Charter School’s funding allocation for its first school year under this Contract, subject to adjustment based on state funding and enrollment, and a statement of costs assignable to the Charter School program budget are attached as part of the final District-approved Charter School application. The budget will be amended on an annual basis to reflect any changes in Charter School’s funding allocation or assigned costs for subsequent school years. On or before the 15th day of November of each year, the Charter School shall provide the District with an annual budget for the following school year for approval. Charter School acknowledges that adjustments to the Charter School budget may be necessary if the estimated revenues are revised due to actions by the District’s Board, the Alaska Statue Legislature, or the Anchorage Municipal Assembly. Charter School shall account for receipts and expenditures by using and complying with the District’s accounting, audit, and other fiscal procedures. Charter School shall establish, maintain, and retain appropriate financial records in accordance with all applicable federal, state, and local laws, rules and regulations, and will make such records available to the District upon request. Charter School agrees that it shall comply with all local, state, and federal requirements for receipt and use of public money.
Budget and Accounting. The Charter School shall provide an annual budget to the School Board for approval on or before the fifteenth day of January each school year. Charter School's funding allocation for the school year and a statement of costs assignable to the Charter School program budget is attached as Appendix A to this agreement. Appendix A will be amended on an annual basis to reflect any changes in Charter School's funding allocation or assigned costs for subsequent school years. Charter School shall account for receipts and expenditures by using and complying with the School District's accounting, audit, and other fiscal procedures. Charter School covenants and agrees that it shall comply with all state and federal requirements for receipt and use of public money.
Budget and Accounting. Manager shall set up a bank account in Owner’s name, with Manager having signatory authority (“Account”). Manager shall deposit all Property receipts of any type or source into the Account. Manager shall prepare periodic operating budgets for the Property for Owner's review and approval (“Budget”). Manager shall pay directly from the Account any and all expenditures pursuant to the Budget (including Section 4 fees and expenses payable to Manager), provided that Manager may exceed any specific line item in the Budget by up to 10% in the event of an emergency threatening imminent danger to person or property. Manager shall prepare and deliver quarterly and annual accounting reports on a cash basis along with a comparison to Budget.
Budget and Accounting. For newly produced programmes, as a starting point programme producers should, draw up a detailed budget of production costs. The budget is critically reviewed before approval. Savings on external budget lines cannot be used to cover excesses on internal budget posts, without agreement with TV 2, unless there are minor deviations. Exceeding the overall production budget is the producers' risk, provided that they are no new requests from TV 2, which have not been included in the budget. Any savings on the total production budget are generally shared equally between the programme producer and TV 2. The auditor-approved accounts for the production must be submitted no later than 3 months after the delivery of ready material. For subsequent seasons, this can be replaced by an internal account if TV 2 finds this is adequate.
Budget and Accounting. The PSA shall establish an annual budget in accordance with the requirements of applicable law.
Budget and Accounting a. AECS shall provide an annual budget to School District for approval according to schedules determined by the district. AECS shall account for receipts and expenditures by using and complying with the school district purchasing and accounting systems. AECS covenants and agrees that it shall comply with all state and federal requirements for the receipt and use of public money.
Budget and Accounting. Manager, with Owner’s prior approval and direction as to the account(s) and financial institution, shall set up a bank account in Owner’s name, with Manager having signatory authority (“Account”). Owner currently designates Regions Bank, N.A. as the financial institution for the Property Accounts. Manager shall deposit all Property rent and receipts of any type or source into the Account. Manager shall prepare periodic operating budgets for the Property for Owner's review and approval at such times as are required by Owner and as more particularly set forth herein (“Budget”). The Budget for each next succeeding calendar year shall be prepared by Manager and submitted to Owner for approval no later than November 1 of each calendar year. Manager shall pay directly from the Account any and all expenditures only pursuant to the Budget (including Section 4 fees and expenses payable to Manager), provided that Manager may exceed any specific line item in the Budget by up to 10% in the event of any reasonably determined emergency threatening imminent danger to person or property; provide that Manager shall provide Owner with an accounting thereof as soon as practical after such emergency. Manager shall prepare and deliver quarterly and annual (and at such other times as requested by Owner) accounting reports on a cash basis along with a comparison to Budget. In addition, Manager shall timely comply with Section 3 below concerning the accounting and bookkeeping relating to the Property.
Budget and Accounting. Identification of equipment inventory rests with Budget and Accounting for all equipment inventory defined above, except for computers and related technology items. Computing Services: Identification of computer equipment and related technology items rests with Computing Services. Maintenance of Inventory Listings Both the Budget and Accounting and Computing Services departments, respectively, will maintain, in electronic form, master lists of equipment inventory, to include such information as description, serial number or VIN, acquisition date, cost (or fair market value if donated), funding source, physical location and other information required to identify and maintain the equipment inventory. These inventory systems will also include information to define the disposition of equipment, whether sold, lost, or declared salvage.
