Common use of Financing Formula Clause in Contracts

Financing Formula. Each participating municipality’s annual financial contribution to the North Shore Fire Department’s operating, maintenance and capital budgets shall be calculated in the manner described in the formula and percentages outlined in Exhibit “C.”

Financing Formula. Each participating municipality’s 's annual financial contribution to the North Shore Fire Department’s 's operating, maintenance and capital budgets and the contributions for the capital expenditures under a “single or multi-year capital” budget shall be calculated in the manner described in the formula and percentages outlined in Exhibit “C.”"C".