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(4) Thereafter, the City of Charlottesville shall bill Fluvanna for its share of costs no later than September 30 in each year. Payment shall be due to the City of Charlottesville on or before January 1 of the following year. (5) This agreement shall be ef fective upon the execution hereof by both parties and shall thereafter remain in effect unless and until the parties, or either of them, shall terminate the same. Notice of such termination shall be made not later than June 1 in each year, to be effective for the fiscal year commencing on the 1 st of July next succeeding. No such termination shall affect the obligations of the parties with respect to the fiscal year during which such notice is given. Notice shall be effective when mailed or delivered to t he office of the County Administrator of the other party. (6) The obligations of the parties set forth hereinabove shall be subject to annual appropriation by each of them, respectively, in amounts sufficient to satisfy the same.