Common use of Budgets Clause in Contracts

Budgets. A capital and operating budget ("Annual Budget") shall be ------- established regarding all financial aspects of the Practice. The Annual Budget shall include the following elements and other items, as appropriate: (a) A capital expenditure budget outlining a program of capital expenditures, if any, that are required for the next succeeding fiscal year; (b) An operating budget setting forth an estimate of Revenues and expenses for the next succeeding fiscal year, together with an explanation of anticipated changes or modifications, if any, in the Practice's utilization, rates, charges to patients or third party payors, salaries, costs of Providers, non-wage cost increases, and all other similar factors expected to differ significantly from those prevailing during the current fiscal year; (c) Other expenses of operation; (d) The amount of a reasonable reserve to satisfy possible shortfalls from operations. The allocation of such reserve shall be made by the Joint Operations Committee as and when necessary; and (e) The Management Fee, as defined below, for the next succeeding fiscal year.

Budgets. A capital and operating budget ("Annual Budget") shall ------- be ------- established regarding all financial aspects of the Practice. The Annual Budget shall include the following elements and other items, as appropriate: (a) a. A capital expenditure budget outlining a program of capital expenditures, if any, that are required for the next succeeding fiscal year; (b) b. An operating budget setting forth an estimate of Net Revenues and expenses for the next succeeding fiscal year, together with an explanation of anticipated changes or modifications, if any, in the Practice's utilization, rates, charges to patients or third party payors, salaries, costs of ProvidersProvider, non-wage cost increases, and all other similar factors expected to differ significantly from those prevailing during the current fiscal year; (c) c. Other expenses of operation; (d) d. The amount of a reasonable reserve to satisfy possible shortfalls from operations. The allocation of such reserve shall be made by the Joint Operations Committee as and when necessary; and (e) e. The Management Fee, as defined below, for the next succeeding fiscal year.

Budgets. A capital and operating budget ("Annual ------- ------ Budget") shall be ------- established regarding all financial aspects of the Practice. The Annual Budget shall include the following elements and other items, as appropriate: (a) a. A capital expenditure budget outlining a program of capital expenditures, if any, that are required for the next succeeding fiscal year; (b) b. An operating budget setting forth an estimate of Net Revenues and expenses for the next succeeding fiscal year, together with an explanation of anticipated changes or modifications, if any, in the Practice's utilization, rates, charges to patients or third party payors, salaries, costs of ProvidersProvider, non-wage cost increases, and all other similar factors expected to differ significantly from those prevailing during the current fiscal year; (c) c. Other expenses of operation; (d) d. The amount of a reasonable reserve to satisfy possible shortfalls from operations. The allocation of such reserve shall be made by the Joint Operations Committee as and when necessary; and (e) e. The Management Fee, as defined below, for the next succeeding fiscal year.