Common use of Organizational Performance Objectives Clause in Contracts

Organizational Performance Objectives. The Network shall adhere to the following organizational performance objectives, which shall be measured annually. a. The Network shall adhere to C.R.S. §§▇▇-▇▇-▇▇▇, et seq. and ▇▇-▇▇-▇▇▇, et seq. b. The Network’s expenditures, interfund transfers, and reserves shall not be in excess of available revenues and beginning fund balances; c. The Network shall maintain a reserve that meets the statutory requirements under the provisions of Article X, § 20(5) the Colorado constitution (▇▇▇▇▇); C.R.S. §▇▇-▇▇-▇▇▇ (1) (c.5). d. The Network shall provide the District with a copy of a lease or purchase agreement providing evidence that the Network has secured an acceptable facility in which to operate the Network and each School no later than 150 days prior to the opening of the School (unless the parties mutually agree to a different date). If the Network is leasing facilities for a School, the Network shall ensure that a lease is in place no later than 150 days prior to the start of subsequent school years. If a new lease is secured or the terms of the lease change, the Network shall provide the District with a new copy of the lease no later than 150 days prior to the start of school. Each School’s facilities are subject to all additional requirements outlined in Section 15 of this Contract.