Examples of Fund balance in a sentence
For members of the Pool, the amount of the reduction may include a component based on the amount, if any, of the Pool’s Fund Balance for the preceding fiscal year (the “Fund Balance”).
Upon termination of this Agreement, any available Fund Balance held by the EAA will be refunded pro rata to the permit holders and other funding parties from whom Program Aquifer Management Fees or funding contributions were collected during the immediate prior year, unless the Implementing Committee and EAA Board of Directors take action to transfer all or a portion of the Fund Balance to a successor program.
For Members in the Pool, the amount of the reduction may also depend on other factors the Board reasonably considers in evaluating how to allocate all or part of the Fund Balance among Members in the Pool (for example, a Member’s loss experience, aggregate payment of Contributions, or uninterrupted membership or participation in the Pool).
The Implementing Committee will not submit to the EAA for action by the EAA Board a proposed Annual Program Budget, or any amendment to such proposed budget, that provides for expenditures greater than the funds that the EAA expects to have available for that year, including any available Fund Balance as provided in Subsection 5.5.4.
Estimated Beginning Fund Balance July,1 2018 for all Funds (Cells C3 - K3) (Line must have a number or zero.