Common use of Budget Surplus Clause in Contracts

Budget Surplus. The Subrecipient agrees that funds determined by the City of ▇▇▇▇▇▇▇ to be surplused at the end of the year within the budget of this Agreement will be subject to cancellation by the City of ▇▇▇▇▇▇▇ and may be negotiated if they are to be included in future Agreements.

Appears in 6 contracts

Sources: Community Development Block Grant Agreement, Community Development Block Grant Agreement, Community Development Block Grant Agreement