Budget Ceiling definition

Budget Ceiling means the total budget allocation to an individual Spending Agency for expenditure within the Budget;
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Budget Ceiling has the meaning set forth in Section 4.5(b) (Authorization; Expenditure Cap).
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Examples of Budget Ceiling in a sentence

  • For the avoidance of doubt, the Cost of Services and the One-Time Payment, but not the Management Fee, shall be included in all calculations and aggregations with respect to the Budget Ceiling established by Section 4.5(b) (Authorization; Expenditure Cap).

  • The Borrower shall ensure that GoS has formed a Budget Ceiling Committee to recommend the budget ceilings for each line department, and P&DD has notified departments that such Committee will recommend ADP ceilings for FY 2009/10 by December 2008, and instructed departments to prioritize proposals in line with budget ceilings.

  • In the event that the Company's applicable funding and payments hereunder have, or are reasonably expected to, exceed the Budget Ceiling, the parties shall meet in good faith to analyze the Pilot Mine Program and determine if, in the Company's sole and complete discretion, the Budget Ceiling should be increased by any amount.

  • Such Budget Ceiling shall include any and all payments, reimbursements or other amounts that may be due from the Company hereunder, including, without limitation, the Cost of Services and the One-Time Payment, but excluding the Management Fee.

Related to Budget Ceiling

  • Budget Period means the fiscal period for which a budget is prepared.

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Budget Act means the Bipartisan Budget Act of 2015 (P.L. 114-74).

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.

  • Basic health plan model plan means a health plan as required in RCW 70.47.060(2)(e).