LAVWMA AND EBDA - Laserfiche WebLink

Special Projects - LAVWMA shall participate in other projects that are directly related to the interests of LAVWMA as agreed upon by the General Managers of EBDA and LAVWMA. Such projects may be required by the RWQCB or may be of mutual benefit. Cost sharing for LAVWMA may be based on one of the above definitions, if appropriate, or by some other mutually agreed upon basis. 7. Manner of Payment of Costs: EBDA shall submit to LAVWMA by May 1 of each year, a detailed estimate of LAVWMA’s share of above noted costs for the next fiscal year, July 1 through June 30. EBDA shall adopt its budget by June 1 preceding each fiscal year and shall submit a copy of the adopted budget to LAVWMA immediately upon adoption. LAVWMA shall include in its budget said estimated costs for each fiscal year and submit a copy of its budget to EBDA immediately upon adoption. In the event actual costs are greater than those budgeted, EBDA shall advise LAVWMA of the projected costs, justification, and revised estimate of additional funds needed, at least two (2) months prior to the anticipated date of reaching LAVWMA’s budget limitation. LAVWMA shall make such arrangements as necessary for reimbursing the actual costs incurred. 8. EBDA shall invoice LAVWMA on a periodic basis for all non-capital estimated fiscal year budget costs. Following the close of the fiscal year, EBDA shall issue a final invoice for actual fiscal year costs including actual costs for capital and renewal-replacement projects. LAVWMA shall make payment within thirty (30) days of receipt of said invoice from EBDA. Should LAVWMA be due a credit for actual fiscal year costs EBDA, may, at its discretion deduct said credit from the next invoice. DocuSign Envelope ID: 2015A7A9-8BAE-4CD6-9738-D2CFBB077285