Facility Budget Sample Clauses
The Facility Budget clause establishes the financial plan or spending limits for a particular facility, project, or operation. It typically outlines the total amount allocated, the categories of expenses covered, and the process for approving or amending budget items. This clause ensures that all parties are aware of financial boundaries and responsibilities, helping to control costs and prevent overspending during the course of the agreement.
Facility Budget. Those budget lines included within the Total Budget which pertain to the operation and maintenance of the physical plant utilized by the UICOA. Capital improvements to the building including its fixtures and all mechanical systems will be the responsibility of the Town of West Tisbury and not subject to apportionment . Operating Expenses shall include the operating costs, maintenance and repairs to the building in which the UICOA is located and will be the responsibility of all of the Towns and the costs will be apportioned pursuant to the provisions contained in Section 4 of this Agreement.
Facility Budget. A Facility Budget shall be established for the operation and administration of the Facility by the Board. Other than initial contributions from the Counties set forth in Article VIII, it is anticipated that funds for the Facility operations and maintenance will be derived from revenue collected in the normal course of operation of the Facility, including collection of tipping fees. The Board shall establish procedures and policies for managing the Facility Budget in the Bylaws. Costs that shall be included in the Facility Budget include, but are not limited to, operating funds, any operating reserve fund, capital improvements and repairs, administrative costs, and debt service payments.
Facility Budget. Those budget lines included within the Total Budget which pertain to the operation, maintenance and repair of the physical plant including major systems utilized by the UICOA. Capital improvements to the building including its fixtures and all mechanical systems will be the responsibility of the Town of West Tisbury and not subject to apportionment. Operating Expenses shall include the operating costs, maintenance and repairs to the building in which the UICOA is located and will be the responsibility of all of the Towns and the costs will be apportioned pursuant to the provisions contained in Section 4 of this Agreement. Nothing in this MOU will be assumed to apply to any funding formula for any renovation or expansion of the existing building.