Common use of Funding Allocations Clause in Contracts

Funding Allocations. 5.1.2.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward. The funding allocation for the initial term of this Subaward is $[@ Maximum Annual Contract Sum (Year 1) @] ("Subaward Sum Year 1") and the year-to-date funding allocation is $[@ Maximum Contract Sum @] ("Maximum Subaward Sum"). Any additional funding that is allocated under this Subaward will increase the Maximum Subaward Sum. 5.1.2.2 In the event that County exercises its renewal options under this Subaward, the projected funding will be allocated to Subrecipient annually for each Fiscal Year that this Subaward is renewed as follows: $[@ Maximum Annual Contract Sum (Year 2) @] ("Subaward Sum Year 2"); $[@ Maximum Annual Contract Sum (Year 3) @] ("Subaward Sum Year 3"); and, $[@ Maximum Annual Contract Sum (Year 4) @] ("Subaward Sum Year 4"). If County exercises all renewal options under this Subaward, the Maximum Subaward Sum is projected to be $[@ Maximum Contract Sum (Alternate) @]. 5.1.2.3 Pursuant to Subparagraph 8.1 (Amendments), County may amend this Subaward upon occurrence of any changes to the Subaward Sum. Future allocations of the Subaward Sums will be contingent upon Subrecipient's level of performance/expenditure and the availability and appropriation of funds from Federal, State, and/or local authorities and such funds may be subsequently adjusted to reflect available funding.

Funding Allocations. 5.1.2.1 During the term of this Subaward, Subrecipient shall receive funding for providing the Services outlined in this Subaward, and this funding shall be allocated to Subrecipient on an annual basis for each Fiscal Year period ("Subaward Sum"). The funding allocation Subaward Sum for the initial term first Fiscal Year of this Subaward is $[@ Maximum Annual Contract Sum (Year 1) @] ("Subaward Sum Year 1") and is $[@ Year 1 Annual Sum. @]. The Subaward Sum for each Fiscal Year following the year-to-date funding allocation first Fiscal Year is projected to remain at the level of $[@ Year 1 Annual Sum. @]. The combined total of all Subaward Sums to be allocated during the term of this Subaward is estimated to be $[@ Maximum Contract Sum @] ("Maximum Subaward Sum"). Any additional Subrecipient acknowledges that both the projected funding that is allocated under this Subaward will increase for each Fiscal Year following the first Fiscal Year and the projected Maximum Subaward SumSum are estimates only. 5.1.2.2 In the event that County exercises its renewal options under this Subaward, the projected funding will be allocated to Subrecipient annually for each Fiscal Year that this Subaward is renewed as follows: $[@ Maximum Annual Contract Sum (Year 25) @] ("Subaward Sum Year 2"); $[@ Maximum Annual Contract Sum (Year 3) @] ("Subaward Sum Year 3"); and, $[@ Maximum Annual Contract Sum (Year 4) @] ("Subaward Sum Year 45"). If County exercises all the renewal options option under this Subaward, the Maximum Subaward Sum is projected to be $[@ Maximum Contract Sum (Alternate) @].be 5.1.2.3 Pursuant to Subparagraph 8.1 (Amendments), County may amend this Subaward upon occurrence of any changes to the Subaward Sum. Future allocations of the Subaward Sums will be contingent upon Subrecipient's level of performance/expenditure and the availability and appropriation of funds from Federal, State, and/or local authorities and such funds may be subsequently adjusted to reflect available funding.