ASP Budget definition
Examples of ASP Budget in a sentence
Such ASP Budget shall be indicative only but prepared on a best estimates basis.
The ASP Budget for the first Accounting Period shall be that set out in Part 1 of the Annex.
Each ASP Budget shall be substantially in the form of that set out in Part 1 of the Annex (or in such other form as the Ancillary Services Provider and the Executive may from time to time agree).
Each ASP Budget and Statement of Costs shall be prepared on the basis of the accounting principles and practices used to draw up the most recent audited accounts of the Ancillary Services Provider and consistently applied.
Each ASP Budget (other than the first) shall compare each item or category of budgeted expenditure shown therein with the forecast expenditure in respect of such item or category for the remainder of the then current Accounting Period and report any salient differences between any such forecast expenditure and the budgeted expenditure in respect of each such item or category in the immediately preceding ASP Budget.
Any changes in the accounting principles and practices or their method of application used ton prepare applied accounts of the Ancillary Services Provider shall be noted in the next following ASP Budget or Statement of Costs, as the case may be.
Not earlier than six nor later than three months prior to the first day of each Accounting Period (other than the first) the Ancillary Services Provider shall prepare and submit to the Suppliers an ASP Budget for such Accounting Period.
Any changes in the accounting principles and practices or their method of application used to prepare audited accounts of the Ancillary Services Provider shall be noted in the next following ASP Budget or Statement of Costs, as the case may be.
The Statement of Costs for any Accounting Period shall attribute actual expenditure for such period against, inter alia, each of the categories and sub-categories set out in the corresponding ASP Budget for such Accounting Period.