Operation and Maintenance Costs means, for any fiscal year or other period, the reasonable and necessary costs and expenses of operating the common areas of the Project and of managing and repairing and other expenses necessary to maintain and preserve the common areas of the Project in good repair and working order, calculated in accordance with Generally Accepted Accounting Principles, including but not limited to (a) utility services supplied to the common areas of the Project, which may include, without limitation, janitor service, security, power, gas, telephone, light, heating, water and all other utility services, (b) compensation to the management agent, salaries and wages of employees, payments to employee retirement systems, fees of auditors, accountants, attorneys or engineers, (c) monthly deposits to the Repair and Replacement Fund pursuant to Section 5.7(g) of the Indenture, and (d) all other reasonable and necessary costs of the Borrower or charges required to be paid by it related to the operation and maintenance of the common areas of the Project, including, but not limited to, costs of insurance and property taxes, if any, but excluding in all cases (i) depreciation, replacement and obsolescence charges or reserves therefor, (ii) amortization of intangibles or other bookkeeping entries of a similar nature, (iii) costs of capital additions, replacements, betterments, extensions or improvements to the common areas of the Project, which under Generally Accepted Accounting Principles are chargeable to a capital account or to a reserve for depreciation, (iv) debt service on the Loan, (v) the amount deposited in the Administration Fund, and (vi) expenses paid from the Repair and Replacement Fund, Surplus Fund or other Project reserves.
Operation and Maintenance Costs means all expenses of operating, maintaining and routine repair of the System, including wages, salaries, costs of materials and supplies, power, fuel, insurance, purchase of sewage treatment services (including all payments by the City pursuant to long term contracts for such services as and to the extent provided in such contracts); but excluding debt service, depreciation, or any reserve requirements; and otherwise determined in accordance with generally accepted accounting principles for municipal enterprise funds.
Operation and Maintenance Costs means the costs of:
Examples of Operation and Maintenance Costs in a sentence
The Authority shall first pay from the moneys in the Revenue Fund the budgeted Operation and Maintenance Costs as such Operation and Maintenance Costs become due and payable.
More Definitions of Operation and Maintenance Costs
Operation and Maintenance Costs means the reasonable and necessary costs paid or incurred by the Agency for maintaining and operating the Water System, determined in accordance with Generally Accepted Accounting Principles, including all reasonable expenses of management and repair and other expenses necessary to maintain and preserve the Water System in good repair and working order, and including all administrative costs of the Agency that are charged directly or apportioned to the operation of the Water System, such as salaries and wages of employees, overhead, taxes (if any) and insurance premiums, and including all other reasonable and necessary costs of the Agency or charges required to be paid by it to comply with the terms hereof or of any resolution authorizing the issuance of any Bonds or of such Bonds, or of any resolution authorizing the execution of any Contract or of such Contract, such as compensation, reimbursement and indemnification of the trustee for any such Bonds or Contracts and fees and expenses of Independent Consultants, Insurance Consultants and the Finance Officer, but excluding in all cases (1) depreciation, replacement and obsolescence charges or reserves therefor, (2) amortization of intangibles and intragovernmental transfers by the Agency which are not reimbursements or payments for overhead or other administrative expenses incurred by the Agency, (3) interest expense and (4) amounts paid from other than Water Revenues (including, but not limited to, amounts paid from the proceeds of ad valorem property taxes).
Operation and Maintenance Costs were estimated by means of a survey sent to all Project Facilities. Department staff reviewed all survey data for consistency and reasonableness and an estimate of
Operation and Maintenance Costs means the reasonable and necessary costs and expenses paid by the City for maintaining and operating the Water System, including but not limited to (a) the reasonable expenses of management and repair and other costs and expenses necessary to maintain and preserve the Water System in good repair and working order and (b) the reasonable administrative costs of the City attributable to the operation and maintenance of the Water System; but in all cases excluding (i) interest expense relating to subordinate obligations and unsecured obligations of the City, (ii) depreciation, replacement and obsolescence charges or reserves therefor, and (iii) amortization of intangibles or other bookkeeping entries of a similar nature.
Operation and Maintenance Costs means, for any period, the reasonable and necessary costs paid or incurred by the District for maintaining and operating the Recycled Water System, including but not limited to (a) all reasonable expenses of management and repair and other expenses necessary to maintain and preserve the Recycled Water System in good repair and working order, and (b) all administrative costs of the District that are charged directly or apportioned to the operation of the Recycled Water System, such as salaries and wages of employees, employee benefits (including actuarial annual pension payment), overhead, taxes (if any) and insurance.
Operation and Maintenance Costs means all costs, direct and indirect (other than debt service), necessary to ensure adequate wastewater treatment on a continuing basis, to keep odors under control, to conform with all related federal, state and local requirements, and to assure optimal long-term facility management. Operation & Maintenance costs include depreciation and replacement costs.
Operation and Maintenance Costs means all actual operation and maintenance costs related to the System incurred by the District to provide water to the Municipal Customers or Retail Customers in any particular fiscal year or period to which said term is applicable or charges made therefor during such fiscal year or period, including amounts reasonably required to be set aside in reserves for items of Operation and Maintenance Costs, the payment of which is not then immediately required.
Operation and Maintenance Costs means the reasonable and necessary costs paid or incurred by the City for maintaining and operating the Wastewater System, determined in accordance with generally accepted accounting principles, including but not limited to (a) all reasonable expenses of management and repair and other expenses necessary to maintain and preserve the Wastewater System in good repair and working order, and (b) the reasonable administrative costs of the City attributable to the operation and maintenance of the Wastewater System. “Operating and Maintenance Costs” do not include (i) debt service payable on obligations incurred by the City with respect to the Wastewater System, including but not limited to the Installment Payments and any Parity Debt, (ii) fees charged to the Wastewater System by the City which are not for services essential to the operation of the Wastewater System, (iii) depreciation,