Unit Share Expenditures Sample Clauses
The Unit Share Expenditures clause defines how costs or expenses related to a shared unit or jointly owned property are allocated among the parties involved. Typically, this clause outlines the method for calculating each party's share, such as dividing costs based on ownership percentage or usage, and specifies the types of expenditures covered, like maintenance, repairs, or improvements. Its core function is to ensure fairness and transparency in cost-sharing, preventing disputes by clearly establishing each party's financial responsibilities.
Unit Share Expenditures. Each year after the dollar amount of the Unit Share Revenue has been determined, it shall be used as follows:
16.4.1 To fund the base salary of all unit members included in section 16.
Unit Share Expenditures. After the dollar amount of the Unit Share Revenue has been determined in each year, it shall be used as follows:
16.4.1 To fund the base salary of all unit members not funded with LCFF Supplemental and/or Concentration Funds at the rate of the previous year's certificated salary schedule.
16.4.2 To fund the retirement plans and fringe benefit costs for all unit members.
16.4.2.1 The parties agree that, contingent upon the conditions listed in Article 16.2, the Retiree Health Benefits expenses will be removed from the list of expenses paid from the Unit Share.
16.4.3 To fund step and column and anniversary increment increases that have occurred since the previous year.
16.4.4 To fund increased benefit costs to maintain current benefit levels.