Common use of Budget Format Clause in Contracts

Budget Format. The Annual T&D Budget and Five-Year Planning Budget shall be in a form acceptable to the Authority, with the initial Annual T&D Budget and Five-Year Planning Budget to be prepared with the same categories and levels of detail for historical costs and documented in a manner which enables comparison to actual expenditures. The Annual T&D Budget and Five-Year Planning Budget shall include the type and format of information shown in Appendix 10 hereto.

Appears in 2 contracts

Sources: Merger Agreement (Long Island Lighting Co), Management Services Agreement (Long Island Lighting Co)