Fiscal Year Allocation Clause Samples

Fiscal Year Allocation. The Secretary has allocated CRP funds from federal fiscal year (FFY) 2024 for the Project.
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Fiscal Year Allocation. The Secretary has allocated CMAQ funds from federal fiscal year (FFY) 2023 for the Project.
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Fiscal Year Allocation. The Secretary has allocated ITS Set-Aside funds from state fiscal year 2015 for the Project.
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Fiscal Year Allocation. The Financial Contribution will be paid from a maximum Fiscal Year allocation for tuition and support expenses incurred between September 1, 2019 and October 31, 2023. Any carryover of funds between Fiscal Years is NOT permitted, other than Tuition allocations expended or incurred for Foundation technical training prior to March 31st of a fiscal period. The maximum financial contribution per fiscal period is outlined below: Fiscal Year Fiscal Year Allocation # of Participants Expected to be Served (Intakes) *In Fiscal 2020-2021 a one- time COVID Support payment in the amount of $121,800 was paid. The Fiscal 2020-2021 COVID Support Amount was a one-time payment intended to subsidize unforeseen additional costs to the Service Provider in the delivery of Services associated with the COVID-19 pandemic and was payable to the Service Provider as part of the 2020-2021 Fiscal Year only. The amount was based on 2020-2021 Forecasted Intakes at a rate of $2,100.00 per participant. Service Providers are expected to manage variance to agreement budgets to support program and agreement management. ITA’s assessment of the Service Provider’s performance will include an analysis of whether the Service Provider was able to accurately budget, forecast and expend for the program. Any funding anticipated to remain unspent by the end of a Fiscal Year must be identified to the ITA by December 31st of that Fiscal Year. Identifying unspent funding in accordance with these timelines will not impact the Service Provider’s performance assessment. However, the Service Provider’s ability to manage their budget will be considered in the assessment of the Service Provider’s performance.
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Related to Fiscal Year Allocation

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Gross Income Allocation If any Partner has a deficit Capital Account at the end of any Fiscal Year which is in excess of the sum of (i) the amount such Partner is obligated to restore, if any, pursuant to any provision of this Agreement, and (ii) the amount such Partner is deemed to be obligated to restore pursuant to the penultimate sentences of Treasury Regulations Section 1.704-2(g)(1) and 1.704-2(i)(5), each such Partner shall be specially allocated items of Partnership income and gain in the amount of such excess as quickly as possible; provided that an allocation pursuant to this Section 5.05(c) shall be made only if and to the extent that a Partner would have a deficit Capital Account in excess of such sum after all other allocations provided for in this Article V have been tentatively made as if Section 5.05(b) and this Section 5.05(c) were not in this Agreement.

  • Tax Allocation Prior to the Closing, Seller and Purchaser shall cooperate in good faith to determine a reasonable allocation of the total consideration paid for the Transferred Assets, as finally determined pursuant to Section 2.1(d), Section 2.1(i) and Section 3.3, in accordance with Section 1060 of the Code and the Treasury Regulations promulgated thereunder (the “Purchase Price Allocation”). Seller and Purchaser shall cooperate in good faith to mutually agree to such allocation and shall reduce such agreement to writing, which agreement shall be reflected in an Exhibit 2.1(j) to be approved by Seller and Purchaser prior to Closing. Seller and Purchaser shall jointly and properly execute each party’s respective completed Internal Revenue Service Form 8594, and any other forms or statements required by the Code (or state or local Tax law), Treasury Regulations or the Internal Revenue Service or other Governmental Authority (together with any and all attachments required to be filed therewith), which forms and statements will be prepared in a manner consistent with the Purchase Price Allocation. Seller and Purchaser shall file timely such forms and statements with the Internal Revenue Service or other Governmental Authority. The Purchase Price Allocation shall be appropriately adjusted to take into account any subsequent payments under this Agreement and any other subsequent events required to be taken into account under Section 1060 of the Code. Seller and Purchaser shall not file any Tax Return or other documents or otherwise take any position with respect to Taxes that is inconsistent with the Purchase Price Allocation; provided, however, that neither Seller nor Purchaser shall be obligated to litigate any challenge to such allocation by any Governmental Authority. Seller and Purchaser shall promptly inform one another of any challenge by any Governmental Authority to any allocation made pursuant to this Section 2.1(j) and agree to consult with and keep one another informed with respect to the state of, and any discussion, proposal or submission with respect to, such challenge.