Common use of Budget Management Clause in Contracts

Budget Management. The Subrecipient will manage its budgets so that there is a clear distinction between Local Strong Workforce funds and Regional Strong Workforce Funds (which are the subject of this Agreement). A Strong Workforce Certified Proposal’s expenditures may be funded from any of the Allocations listed in Exhibit B, provided that the expenditures occur within the Allocation’s eligible expenditure period. Expenditures are to be managed in a first in, first out (FIFO) manner, with any given year’s Allocation being fully spent before beginning expenditures of the subsequent year’s Allocation.