Building Budget Clause Samples

Building Budget. A. The responsibility for the administration of the building budget shall be the principal/program manager. B. Each principal/program manager may establish a site-based process to set budget priorities and allocations within the building. C. A monthly financial statement accounting for all monies expended for each school building/special services shall be available to all employees upon request to their principal/program manager.
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Building Budget. The teachers in each building may make recommendations, advisory only in nature, as to how the available funds in that building will be spent. If and when an annual building allocation budget has been prepared, a copy shall be made available in each building.
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Building Budget. Section 7.12.1. The staff will have representation in the building budget decision-making process, and will be provided with monthly budget reports during the work year. Staff from each school shall determine who will provide representation on their behalf. The committee shall recommend priorities and allocations within the budget assigned to that building for supplies, instructional materials, and equipment. The building principal shall be responsible for administration of the budget, and in doing such, shall consider the above-prioritized recommendations before making budgetary expenditures. Building budgets are determined based on enrollment during the annual budget process and updated in January.
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Building Budget. A supply and equipment budget will be established for each school building through cooperative actions of the administration and staff to develop a plan for spending the allotted amount. The plan will be shared in writing with all members of that building twice annually, utilizing the concept of needs based budgeting. All purchases shall be made by requisition and purchase order. The allotment for each building budget has been calculated based on the average student enrollments for each school building. Fort Recovery Elementary School Annual Building Budget = $4330 Fort Recovery Middle School Annual Building Budget = $2133 Fort Recovery High School Annual Building Budget = $3137 Any monies not accounted for at the end of the school year shall remain in the buildings budget fund.
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Building Budget. Allocations May, 2001 The District and the Association agree that building staff will be informed of the school’s instructional budget allocation and that staff will participate in distribution decisions.
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Building Budget. Staff Involvement: Each principal shall provide an opportunity for the building staff to be involved actively in budget planning. A copy of the computer printout of the monthly budget status for the building shall be kept in a readily accessible location within the building. Staff will be updated periodically on the status of the budget.
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Building Budget. 7.1 As at the date of this Agreement, the Parties have agreed upon the Building Budget for the first Operating Year. 7.2 The Association Manager must, no later than two (2) months from the expiry of each Operating Year, provide to the Developer for approval its proposed Building Budget for the Services intended to be provided by the Association Manager and the Facility Services that are intended to be provided by the Facility Manager in the following Operating Year. 7.3 In preparing the Building Budget, the Association Manager must liaise with the Facility Manager and incorporate the Facility Manager's reasonable estimates of the Cost of Services and the Management Fees for the Facility Services that the Facility Manager proposes to provide to the Apartment Common Areas and the Apartment Owners Association for the following Operating Year. 7.4 The Developer must not unreasonably withhold or delay its approval to the Building Budget provided the Cost of Services and the Management Fees estimated to be incurred by or payable to the Facility Manager and the Association Manager specified in the Building Budget represent fair market value for comparable services. 7.5 Should the Parties be unable to agree upon the Building Budget for the next Operating Year, the matter shall be determined by an Expert appointed by the Parties and the cost of the Expert's determination shall be borne by the Parties equally unless otherwise determined by the Expert. 7.6 If the Parties are unable to agree upon the appointment of an Expert under clause 7.5, such matter shall be resolved in accordance with clause 23. 7.7 Until such time as the Building Budget has been agreed by the Parties (or determined by the Expert) the Association Manager shall continue to provide the Services under the Building Budget for the previous Operating Year increased by five (5) per cent. 7.8 Except in the case of an emergency, the Association Manager must not, without the prior written consent of the Developer (not to be unreasonably withheld), incur any expenses in respect to the provision of the Services that will result in the Cost of Services being significantly over the estimated Cost of Services specified in the approved Building Budget.
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Related to Building Budget

  • Operating Budget (a) No less than forty-five (45) days prior to the Substantial Completion of each train of the Project, and no less than forty-five (45) days prior to the beginning of each calendar year thereafter, the Borrower shall prepare a proposed operating plan and a budget setting forth in reasonable detail the projected requirements for Operation and Maintenance Expenses for the Borrower and the Project for the ensuing calendar year (or, in the case of the initial Operating Budget, the remaining portion thereof) and provide the Independent Engineer, the Common Security Trustee, and each Secured Debt Holder Group Representative with a copy of such operating plan and budget (the "Operating Budget"). Each Operating Budget shall be prepared in accordance with a form approved by the Independent Engineer, shall set forth all material assumptions used in the preparation of such Operating Budget, and shall become effective upon approval of the Common Security Trustee, acting reasonably and in consultation with the Independent Engineer; provided, that if the Common Security Trustee shall not have approved or disapproved the Operating Budget within thirty (30) days after receipt thereof, such Operating Budget shall be deemed to have been approved; and provided further that the Common Security Trustee shall have neither the right nor the obligation to approve costs for Gas purchase contracts for the Project contained in the Operating Budget. If the Borrower does not have an effective annual Operating Budget before the beginning of any calendar year, until such proposed Operating Budget is approved, the Operating Budget most recently in effect shall continue to apply; provided, that (A) any items of the proposed Operating Budget that have been approved shall be given effect in substitution of the corresponding items in the Operating Budget most recently in effect, (B) costs for Gas purchase contracts for the Project shall be as provided by the Borrower and (C) all other items shall be increased by the lesser of (x) two and one-half percent (2.5%) and (y) the increase proposed by the Borrower for such item in such proposed Operating Budget. (b) Each Operating Budget delivered pursuant to this Section 6.12 shall contain Operating Budget Categories, and shall specify for each Fiscal Quarter and for each such Operating Budget Category the amount budgeted for such category for such Fiscal Quarter. (c) Each Operating Budget may only be amended with the prior written consent of the Common Security Trustee (in consultation with the Independent Engineer), which consent shall not be unreasonably withheld, conditioned, or delayed.

  • Building Renovations It is specifically understood and agreed that Landlord has made no representation or warranty to Tenant and has no obligation and has made no promises to alter, remodel, improve, renovate, repair or decorate the Premises, Building, or any part thereof and that no representations respecting the condition of the Premises or the Building have been made by Landlord to Tenant except as specifically set forth herein or in the Work Letter Agreement. However, Tenant hereby acknowledges that Landlord is currently renovating or may during the Lease Term renovate, improve, alter, or modify (collectively, the "Renovations") the Project, the Building and/or the Premises including without limitation the parking structure, common areas, systems and equipment, roof, and structural portions of the same, which Renovations may include, without limitation, (i) installing sprinklers in the Building common areas and tenant spaces, (ii) modifying the common areas and tenant spaces to comply with applicable laws and regulations, including regulations relating to the physically disabled, seismic conditions, and building safety and security, and (iii) installing new floor covering, lighting, and wall coverings in the Building common areas, and in connection with any Renovations, Landlord may, among other things, erect scaffolding or other necessary structures in the Building, limit or eliminate access to portions of the Project, including portions of the common areas, or perform work in the Building, which work may create noise, dust or leave debris in the Building. Tenant hereby agrees that such Renovations and Landlord's actions in connection with such Renovations shall in no way constitute a constructive eviction of Tenant nor entitle Tenant to any abatement of Rent. Landlord shall have no responsibility or for any reason be liable to Tenant for any direct or indirect injury to or interference with Tenant's business arising from the Renovations, nor shall Tenant be entitled to any compensation or damages from Landlord for loss of the use of the whole or any part of the Premises or of Tenant's personal property or improvements resulting from the Renovations or Landlord's actions in connection with such Renovations, or for any inconvenience or annoyance occasioned by such Renovations or Landlord's actions.

  • Construction Budget The total amount of funds indicated by the District for the entire Project plus all other costs, including design, construction, administration, and financing.

  • Annual Operating Budget Borrower shall prepare and deliver to Lender, within thirty (30) days prior to the beginning of each calendar year, an annual expenditure budget for (A) Borrower and its Subsidiaries and (B) each Property, and in each case showing, in reasonable detail (i) each line item of anticipated income and operating expenses, including amounts required to establish, maintain, and/or increase reserves, and (ii) each line item of anticipated Capital Expenditures (“Operating Budget”). The Operating Budget shall also include a business plan (“Business Plan”) for Borrower’s and its Subsidiaries’ proposed operations during the forthcoming calendar year which shall include a projection of income and expenses for the coming year(“Projections”). The Operating Budget shall be prepared and submitted in a form reasonably acceptable to Lender. The Operating Budget for each Property through December 31, 2006 is attached hereto as Exhibit G. Lender shall have the right at any time following the occurrence and during the continuance of an Event of Default to approve each Operating Budget in Lender’s reasonable discretion. In the event that Lender objects to the proposed Operating Budget submitted by Borrower, Lender shall advise Borrower of such objections within fifteen (15) Business Days after receipt thereof (and deliver to Borrower a reasonably detailed description of such objection) and Borrower shall promptly revise such Operating Budget and resubmit the same to Lender. Lender shall advise Borrower of any objections to such revised Operating Budget within ten (10) Business Days after receipt thereof (and deliver to Borrower a reasonably detailed description of such objection) and Borrower shall promptly revise the same in accordance with the process described in this sentence until Lender approves an Operating Budget. Each such Operating Budget approved by Lender in accordance with terms hereof shall hereinafter be referred to as an “Approved Operating Budget.”

  • Operating Budgets Manager has submitted to Owner, for Owner's approval, a proposed operating budget for the ensuing full or partial fiscal year, as the case may be ("Operating Budget"). Hereafter, Manager shall, not less than forty-five (45) days prior to the commencement of each full fiscal year, submit to Owner, for Owner's approval, a proposed Operating Budget for the ensuing full or partial fiscal year, as the case may be. Each Operating Budget shall be accompanied by, and shall include, a business plan which shall describe business objectives and strategies for the period covered by the Operating Budget. The business plan shall include, without limitation, an analysis of the market area in which the Hotel competes, a comparison of the Hotel and its business with competitive hotels, an analysis of categories of potential guests, and a description of sales and marketing activities designed to achieve and implement identified objectives and strategies. Fee Owner shall have no right to approve any Operating Budget. Owner's approval of the Operating Budget shall not be unreasonably withheld and shall be deemed given unless a specific written objection thereto is delivered by Owner to Manager within fifteen (15) days after submission. Owner shall review the Operating Budget on a line-by-line basis. To be effective, any notice which disapproves a proposed Operating Budget must contain specific objections in reasonable detail to individual line items. If the initial Operating Budget contains disputed budget item(s), said item(s) shall be deemed adopted until Owner and Manager have resolved the item(s) objected to by Owner or the Accountant(s) (hereinafter defined in Section 10.02) have resolved the item(s) objected to by Owner. Thereafter, if Owner disapproves or raises objections to a proposed Operating Budget in the manner and within the time period provided therefor, and Owner and Manager are unable to resolve the disputed or objectionable matters submitted by Owner prior to the commencement of the applicable fiscal year, the undisputed portions of the proposed Operating Budget shall be deemed to be adopted and approved and the corresponding line item contained in the Operating Budget for the preceding fiscal year shall be adjusted as set forth herein and shall be substituted in lieu of the disputed items in the proposed Operating Budget. Those line items which are in dispute shall be determined by increasing the preceding fiscal year's corresponding line items by an amount determined by Manager which does not exceed the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the United States Department of Labor, U.S. City Average, all items (1984-1986=100) for the fiscal year prior to the fiscal year with respect to which the adjustment to the line item is being calculated or any successor or replacement index thereto. The resulting Operating Budget obtained in accordance with the preceding sentence shall be deemed to be the Operating Budget in effect until such time as Manager and Owner have resolved the items objected to by Owner. Manager shall revise the Operating Budget from time to time, as necessary, to reflect any unpredicted significant changes, variables or events or to include significant, additional, unanticipated items of income or expense. Any such revision shall be submitted to Owner for approval,