Common use of Operational Expenses Clause in Contracts

Operational Expenses. Bus owner/operators who own their own buses will be compensated in accordance with State guidelines for use of their buses while running their daily routes. They will also receive the local mileage supplement derived by the formula presently being utilized to determine the per mile amount. It is understood by the parties that the present fuel adjustment formula will be applied on or about the 15th day of each month and implemented during the following month. Each bus owner/operator shall receive an additional local operational monthly stipend of $100 per month or $1,200 per year for an additional local operational allowance.

Operational Expenses. Bus ownerowners/operators who own their own buses will be compensated in accordance with State guidelines for use of their buses while running their regular daily routes. They will also receive the local mileage supplement derived by the formula presently being utilized to determine the per mile amount. It is understood by the parties that the present fuel adjustment formula for gasoline will be applied on or about the 15th day of each month and implemented during the following month. Each bus owner/operator shall receive an additional local operational monthly stipend of $100 per month or $1,200 per year for an additional local operational allowance.