Administrative Budget. The President shall prepare an annual administrative budget which he shall submit to the Executive Board for transmission to the Governing Council for approval by a two-thirds majority of the total number of votes.
Administrative Budget. That the annual administrative budget shall be submitted and approved on an annual basis by a majority of the RCRCA Board provided, however, that the amount apportioned to be paid by any county be in accordance with attached Exhibit A.
Administrative Budget. No later than the November 15 prior to the beginning of each calendar year during the term of this Agreement, commencing with calendar year 2016, the Manager shall prepare and submit to the Member Committee of each Series for its approval a proposed itemized administrative budget for the relevant calendar year for such Series in such reasonable detail and with such reasonable supporting data as each Member Committee may request. Such budget may be presented as a combined budget for both Series. The Manager shall make itself available to discuss and address any questions that the Member Committee may have regarding such proposed administrative budget and shall, in finalizing such budget, take into account the concerns and comments, if any, of each Member Committee regarding the same (the final administrative budget for any calendar year, the “Administrative Budget”). The Manager shall use good faith efforts, in incurring expenses on behalf of the applicable Series, to act in a manner consistent with the Administrative Budget for such Series. The Members acknowledge that in developing any Administrative Budget, the Manager will make certain assumptions and that the Administrative Budget serves as a guideline from which the Manager may deviate if such deviation is reasonable in light of then-prevailing facts and circumstances; provided, however, that the Manager will notify the Member Committee of a Series if it proposes to deviate from the then-current Administrative Budget for such Series by more than ten percent (10%) in any year. In the event expenditures not provided for in an Administrative Budget of a Series and not reasonably foreseeable are required in the Manager’s reasonable judgment to preserve and protect the assets of such Series or to avoid personal injury or a penalty imposed by applicable law, the Manager shall have the authority to pay such sums (in amounts that are reasonable under the circumstances) and seek reimbursement, or to pay such sums from the funds of such Series. If practicable, the Manager shall notify the Member Committee of such Series of any such payment, if material, prior to making such payment; provided, however, that, if in the Manager’s good faith judgment prior notice is not practicable, the Manager shall notify the Member Committee promptly after making any such payment. An Administrative Budget Template for each Series is attached hereto as Exhibit C.
Administrative Budget. A detailed listing including line-item budget of proposed Administrative Expenditures is attached as Exhibit A. These budgets are presented on an annual basis for each State fiscal year submitted. The City of Gainesville finds that the moneys deposited in the local housing assistance trust fund shall be used to administer and implement the local housing assistance plan. Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, states: “A county or an eligible municipality may not exceed the 5 percent limitation on administrative costs, unless its governing body finds, by resolution, that 5 percent of the local housing distribution plus 5 percent of program income is insufficient to adequately pay the necessary costs of administering the local housing assistance plan.” Section 420.9075 Florida Statute and Chapter 67-37, Florida Administrative Code, further states: “The cost of administering the program may not exceed 10 percent of the local housing distribution plus 5% of program income deposited into the trust fund, except that small counties, as defined in s. 120.52(17), and eligible municipalities receiving a local housing distribution of up to $350,000 may use up to 10 percent of program income for administrative costs.” The City of Gainesville has adopted the above findings in the attached Resolution, Exhibit E.
Administrative Budget. Unless otherwise agreed to in writing by all Parties (such as through a Memorandum of Agreement, as described in Section 5, below), the CFE shall be the recipient for all funding for NWOTA Projects and shall be responsible for administering the funds. The CFE shall administer the funds for NWOTA Projects, as follows:
Administrative Budget. Budget Item Estimated Administrative Budget for Start-up or Expansion Payments To be completed by Sponsoring Organization Approved Administrative Budget for Start-up or Expansion Payments To be completed by the Department Administrative Labor Supplies Transportation Communication Other Costs Specify: TOTALS $0 DAY CARE HOME INVOLVEMENT
