Common use of Contract Budget Clause in Contracts

Contract Budget. The budget documents identified in the Attachment D - Contract Budget Documents, outline Subrecipients best estimate of total costs by funding source to be incurred for the program year. SDWP will monitor actual expenditures in accordance with the expenditure plan and the individual budgeted line items outlined in the Budget Documents. SDWP reserves the right to question any deviation from the expenditure plan and require Subrecipient to justify billed expenses, revise its budget or resubmit its invoice with identified adjustments in accordance with SDWP Operations Manual, Chapter 2 - Contract Administration and/or SDWP Operations Manual, Chapter 6 - Financial Management, as may be revised from time to time. In addition, SDWP will monitor Subrecipients on a monthly and/or quarterly basis to ensure Subrecipients are managing expenditures. SDWP reserves the right to de- obligate funds from Subrecipients budget that falls below eighty percent (80%) planned expenditures threshold. Subrecipient shall adhere to the program scope of work identified on the title page and all subsequent attachments of this Contract, as well all policies and procedures relevant to the Program provided in the SDWP Operations Manual.

Contract Budget. The budget documents identified in the Attachment D - Contract Budget Documents, outline Subrecipients best estimate of total costs by funding source to be incurred for the program year. SDWP will monitor actual expenditures in accordance with the expenditure plan and the individual budgeted line items outlined in the Budget Documents. SDWP reserves the right to question any deviation from the expenditure plan and require Subrecipient to justify billed expenses, revise its budget or resubmit its invoice with identified adjustments in accordance with SDWP Operations Manual, Chapter 2 - Contract Administration and/or SDWP Operations Manual, Chapter 6 - Financial Management, as may be revised from time to time. In addition, SDWP will monitor Subrecipients on a monthly and/or quarterly basis to ensure Subrecipients are managing expenditures. SDWP reserves the right to de- de-obligate funds from Subrecipients budget that falls below eighty percent (80%) planned expenditures threshold. Subrecipient shall adhere to the program scope of work identified on the title page and all subsequent attachments of this Contract, as well all policies and procedures relevant to the Program provided in the SDWP Operations Manual.