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outlined in the third paragraph of Section 23.5 of this agreement. <br /> 15. Bud�et Packa�e <br /> 15.1 Definitions <br /> A. The Annual Operatin�Bud�et refers to the calendar year budget of the Orono Police <br /> Deparhnent during the first year of any three year period covered by this agreement. <br /> This budget will become the official Annual Operating Budget upon ratification by <br /> the Contractin� Cities. The Annual Budget incorporates all costs of operations. <br /> B. The Year Two Bud�refers to a single number, not to be exceeded, dollar amount <br /> which will be used as the budget limit for the next calendar year in the event the <br /> Annual Budget Package is not ratified by all Contracting Cities by October 1 of the <br /> first year of any three year period covered by this agreement. <br /> C. The Year Three Bud�et refers to a single number not to be exceeded dollar amount <br /> which will be used as the budget limit for the next calendar year in the event the <br /> Annual Budget Package has not been ratified by all Contracting Cities by October 1 <br /> of the second year of any three year period covered by this agreement. <br /> D. The Annual Budget Packa�e refers to the grouping of the Annual Operating Budget, <br /> the Year Two Budget and the Year Three Budget which is submitted as a unit by the <br /> City of Orono for ratification by the Contracting Cities. The Annual Budget Package <br /> must be ratified by all Contracting Cities prior to October 1 in the year submitted to <br /> become the valid budgets for the following three years. The Annual Bud�et Package <br /> must be accepted or rejected in its entirety. <br /> 15.2 Budget Process <br /> By August 15 of each year during which this agreement remains in effect,the City of Orono <br /> will provide an Annual Budget Package covering the cost of Police protection for the next <br /> three calendar years. The budgets presented to the Contracting Cities must have been <br /> presented to the Joint Advisory Committee prior to August 1 for discussion and review. <br /> Although it is expected that the Annual Budget Package which is provided to the Contracting <br /> Cities by the City of Orono will have the consensus support of the Joint Advisory <br /> Committee,that is not a requirement since each Contracting City has the opportunity for final <br /> ratification or rejection. <br /> 16. Contract Pavments. The City Budget Share(See Appendix A)of each Contracting City shall <br /> be paid by the Contracting City to the City of Orono in equal monthly installments by the last <br /> day of each month. <br /> Page 7 <br />