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DocuSign Envelope ID:9AAF6143-A2AO-4DDA-BFCB-7FOCAFAEFC3D <br /> After the Budget has been approved and funded by the Partner and Partner <br /> Equivalent Agencies, the City is authorized to incur costs in accordance with the <br /> Budget. Any costs to be incurred in excess of the approved and funded Budget <br /> require additional budget approval and funding by all of the Partner and Partner <br /> Equivalent Agencies, or re-allocation of existing funds by the Executive Board, <br /> D. Funding Transfers to City. <br /> Once each Partner Agency and Partner Equivalent Agency appropriates its <br /> Annual Assessment in its annual budgetary process, the City shall provide timely <br /> and accurate invoices as described below (D.1.) to facilitate the transfer of funds <br /> by each Partner Agency and Partner Equivalent Agency to the City. The City, the <br /> Partner and Partner Equivalent Agencies shall each comply with the following <br /> procedures to facilitate payment by the City to the ARIC vendors and contractors: <br /> I Invoice for Annual Assessment, At least 30 days prior to the <br /> beginning of each Fiscal Year, the City shall send each Partner <br /> Agency and Partner Equivalent Agency an invoice for its Annual <br /> Assessment. <br /> 2. Approval of Invoice Amount. Each Partner and Partner Equivalent <br /> Agency must notify the City in writing within 15 business days <br /> after receipt of the invoice for the Annual Assessment if its <br /> invoice does not correctly state its Annual Assessment. <br /> 3. Payment Instructions. The City must provide payment instructions <br /> to each Partner and Partner Equivalent Agency for the transfer of <br /> funds to the City. <br /> 16 <br />