Program Budgets Clause Samples

Program Budgets. For each of the phases set forth in Section “B” of Article I hereof, the Fund shall establish a separate Program Budget. The estimated cost of construction of the Consultant’s design of the Project shall at all times be within the applicable Program Budget, as set forth in Schedule “B” and as further authorized by the Fund through Phase Approval Letters. The Consultant’s continuation of work in subsequent phases constitutes acceptance of the provisions set forth in Phase Approval Letters. In the event that such estimated cost is at any time in excess of the Fund's Program Budget, the Consultant, to the extent necessary in the Fund's judgment to bring the cost of the Project within said Budget, shall revise, at its own cost and expense, subject to the acceptance and approval by the Fund, all or any part of the drawings and specifications of the Project that the Fund may deem advisable. Unless otherwise directed by the Fund, the cost analysis and all cost estimates referred to in subsections (1)b, (2)g, (3)aiii, and (4)f and (5)d of Section B of Article I hereof shall be prepared by a Cost Analyst approved by the Fund and shall be prepared in accordance with the formats prescribed therefor by the Fund.
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Program Budgets. Faculty shall have the right to participate in the development of their program budgets.
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Program Budgets. Budgets are built at various enrollment breakouts to determine a realistic price at which to advertise the program fee. Budgets are built at a minimum enrollment level of 12 students. Each program budget is unique and line items vary, but the following are examples of expenses considered in building the budgets:
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Program Budgets a. A Program is said to be solvent if tuition revenues generated by the program adequately cover all direct costs and indirect costs other than reserve requirements. A Program is said to be viable if it is solvent and covers all reserve requirements. b. New programs need t ime to generate sufficient enrollment, stabilize and become v iable. New programs must cover all direct expenses in the first year of operation but will have up to 4 years to become viable. New programs will be required to contribute to IDC in the first four years as follows: Year 1: Forty percent (40%) Year 2: Fifty percent (50%) Year 3: Seventy percent (70%) 1 Duties such as course or program development or revision are considered to be part of the faculty members’ routine service.
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Program Budgets. In consideration of SurModics’ performance of its activities under each Feasibility Study, Project Plan and (to the extent applicable) SOW, Genentech shall reimburse SurModics for all undisputed amounts incurred by SurModics in accordance with the associated Program Budget. SurModics will provide Genentech with an invoice for SurModics’ activities, [*]. Genentech shall pay SurModics [*] in accordance with Program Budgets, [*] after Genentech’s receipt of an invoice. Each invoice will include [*]
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Related to Program Budgets

  • Program Budget A) Contractor will expend funds received for operation of its program and services according to Contractor’s annual operating budget. The portions of said budget, which reflect services performed or money paid to Contractor pursuant to this Agreement shall be subject to the approval of the Human Services Agency. B) In the event Contractor determines a reasonable business necessity to transfer funding between personnel and operating expenses specified in the budget submitted to the Human Services Agency the following will apply: 1. Contractor will notify the Human Services Agency of transfers that in the aggregate are between ten percent (10%) and twenty percent (20%) of the maximum contract amount.

  • Development Budget Attached hereto as Exhibit "B" and incorporated herein by this reference is the Development Budget in an amount equal to $_____________. Owner acknowledges and represents that the attached Development Budget includes the total costs and expenses to acquire, develop, renovate and construct the Real Property and the Apartment Housing.

  • Budget 1. The Grantee budget for grant activities for the 2023 Summer Program and State fiscal year 2024 is $ 1,000,267. Any funds received under this grant will not be used to supplant funds normally budgeted for programs or service of the same or similar type. 2. The Grantee may transfer funds among its administrative budget line items as required to carry out the purposes of the grant. Transfer of funds within specified budget categories do not require approval from OSHE (i.e. moving funds from one counselor position to pay for another), however, any transfer of funds from one category to another will require prior approval from OSHE and will be treated as a modification to the program’s contract Attachment. 3. Any request for a budget modification must be in writing and must include a revised budget. All budget revisions and modifications must be in accordance with the EOF Regulations, Section N.J.A.C. 9A:11-6.11. The Grantee will be liable for all unapproved debts.

  • Annual Budgets The School shall adopt a budget for each fiscal year, prior to the beginning of the fiscal year. The budget shall be in the Idaho Financial Accounting Reporting Management Systems (IFARMS) format and any other format as may be reasonably requested by the Authorizer.

  • Business Plan and Budget As soon as available, but in any event within sixty (60) days after the end of each fiscal year of the Borrower, an annual business plan and budget of the Borrower and its Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably satisfactory to the Lender, of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Subsidiaries on a fiscal year basis and, in the case of such forecasted statements of income, on a fiscal quarterly basis for the immediately following fiscal year. As to any information contained in materials furnished pursuant to Section 6.02(f), the Borrower shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.