Actual allocation definition
Actual allocation means the lesser of the previous year's actual reported transportation expenditures or the adjusted allocation.
Actual allocation. The State shall request funds once a month. The request shall be made in accordance with the appropriate Federal agency cut-off time specified in Exhibit I of the TSA. The amount requested shall be the previous month's actual expenditures based on actual administrative costs incurred. Neither the State nor the federal government will incur an interest liability when this technique is properly applied. This funding technique is interest neutral. Actual and Adjusted Estimate - Administrative costs for all programs will be drawn at the same time as payroll. The draw will consist of an amount to fund the actual expenditures of the prior week and an amount to fund the estimated expenditures of the current/upcoming week based on year to date actual expenditures. The estimated draws will be adjusted for variances between the most recent estimate and actual expenditures each time a draw is made. Neither the State nor the federal government will incur an interest liability when this technique is properly applied. This funding technique is interest neutral. Actual at Fixed Intervals - The State shall request funds at a fixed interval, i.e., bi- weekly, monthly, quarterly, etc., for the actual program expenditures of the period prior to the draw. The request shall be made in accordance with the appropriate federal agency cut-off time specified in Exhibit I of the TSA. The amount of the request shall be for the exact amount of the previous period’s disbursements. Neither the State nor the Federal Government will incur an interest liability when this technique is properly applied. This funding technique is interest neutral. Allocation of Payroll and Administrative Costs - The State will request funds on a bi- weekly basis. Administrative costs for all programs are to be drawn at the same time as payroll costs. The draw will be completed to meet the cash requirements based on the most recent certified cost allocations with subsequent adjustments completed pursuant to the actual allocation of costs. Neither the State nor the Federal Government will incur an interest liability when this technique is properly applied. This funding technique is interest neutral.
Actual allocation has the meaning ascribed to it in the definition of ec Picto Stock.
Examples of Actual allocation in a sentence
Actual allocation is subject to the decision of the USCMSSC PM within the boundaries of the total funds available to the USCMS part of the iVDGL.
Actual allocation of budget to each of the PMA tasks shall be as agreed between the WPA Parties and the Project Manager, except that all work shall be performed within the budgets established in Article 12 of the Agreement and allocated to each of the WPA Parties based on the Allocable PMA Percentage as established in Article of the Agreement.
More Definitions of Actual allocation
Actual allocation means the lesser of the previous year's actual reported transportation expenditures including adjustments by the legislature or the adjusted allocation.