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1 based on one of the above definitions, if appropriate, or by some other <br />2 mutually agreed upon basis. <br />3 7. Manner of Payment of Costs: EBDA shall submit to LAWVMA by May 1 of each <br />4 year, a detailed estimate of LAVWMA's share of above noted costs for the next <br />5 fiscal year, July 1 through June 30. EBDA shall adopt its budget by June 1 <br />6 preceding each fiscal year and shall submit a copy of the adopted budget to <br />7 LAVWMA immediately upon adoption. LAVWMA shall include in its budget said <br />8 estimated costs for each fiscal year and submit a copy of its budget to EBDA <br />9 immediately upon adoption. In the event actual costs are greater than those <br />10 budgeted, EBDA shall advise LAVWMA of the projected costs, justification, and <br />11" revised estimate of additional funds needed, at least two (2) months prior to the <br />12 anticipated date of reaching LAVWMA's budget limitation. l~4VWMA shall make <br />13 such arrangements as necessary for reimbursing the actual costs incurred. <br />14 8. EBDA shall invoice LAVWMA on a monthly basis for actual costs as described <br />15 above. EBDA shall provide a detailed calculation for monthly and fiscal year to <br />16 date costs. LAVWMA shall make payment within thirty (30) days of receipt of said <br />17 invoice from EBDA. <br />ra rev. o per ~omt mtng o cto er , <br />