Common use of Remittance Schedule Clause in Contracts

Remittance Schedule. (i) From Appropriated funds, the City shall, in Fiscal Year 2024, pay the Proposition A Revenue to ATP in three installments throughout the year according to the following due date: January October 1 to January 31 for Fiscal Year 2024; plus, audit adjustment transactions from prior Fiscal Year April 20 June February 1 to June 30 for Fiscal Year 2024 July 20 October July 1 September 30 for Fiscal Year 2024 November 20 (ii) Beginning in Fiscal Year 2025, the City shall annually pay from Appropriated funds the Proposition A Revenue to ATP in four installments throughout the year according to the following due date: October 1 – December 31 February 15 January 1 – January 31 March 15 February 1 – May 31* June 30* June 1 – September 30 November 30 *Amounts on this date should also reflect any audit adjustment transactions from the prior fiscal year.

Remittance Schedule. (i) From Appropriated funds, the City shall, in Fiscal Year 2024, pay the Proposition A Revenue to ATP in three installments throughout the year according to the following due date: January October 1 to January 31 for Fiscal Year 2024; plus, audit adjustment transactions from prior Fiscal Year April 20 June February 1 to June 30 for Fiscal Year 2024 July 20 October July 1 September 30 for Fiscal Year 2024 November 20 (ii) Beginning in Fiscal Year 2025, the City shall annually pay from Appropriated funds the Proposition A Revenue to ATP in four installments throughout the year according to the following due date: October 1 – December 31 February 15 January 1 – January 31 March 15 February 1 – May 31* June 30* June 1 – September 30 November 30 *Amounts on this date should also reflect any audit adjustment transactions from the prior fiscal year.30