Adopted Budget. The local chapter will receive one copy of the adopted budget, after its approval by the Board.
Adopted Budget. Such Copies shall be given to the president of the Association as soon as it is feasible after such forms are filled with the agency required by law (if applicable).
Adopted Budget. The Proposed Budget shall be approved and adopted by the Town, the Sheriff’s Office, and the County (the “Adopted Budget”), prior to the beginning of the fiscal year for which the budget is to be in effect. Once the Adopted Budget is in effect, the Sheriff’s Office shall invoice the Town as provided in Paragraph 2.d.
Adopted Budget. That DBA shall furnish a copy of the DBA's Fiscal Year 2020 2021 Budget to the City Manager, or his designee, when the FY20 FY21 Budget is adopted by the DBA Board of Directors, but no later than April 30, 20192020.
Adopted Budget. That DB shall furnish a copy of DB's Fiscal Year 2023 Budget to the City Manager, or his designee, when the FY23 Budget is adopted by the DB Board of Directors, but no later than April 30, 2022.
Adopted Budget u The District Financial Team is continuing to work on closing out 2019-20 u Updated Stability Fund Balance u Effect of shelter-in-place on expenses u What will happen to Non-Resident? Currently, a 30% reduction has been built into the number u Ongoing changes at the Federal level u Difficult to determine effect until start of Fall Quarter – even then, uncertainty for Winter and Spring u At this time, budget assumptions for Adopted include no significant changes to ongoing expenses u Due date for Adopted Budget has been changed to 11/30/20 u FHDA plans to present its Adopted Budget for Board Approval on 10/5/20 What does all this mean for FHDA? Estimated Budget Tentative Budget Amount (May Revise) Preliminary Adopted Budget* Surplus/(Deficit) (7,000,000) (7,000,000) Projected revenue increase 6,400,000 Estimated Reclassification Cost from Study of $3.5 to 4.5 million (4,500,000) Additional Expense (3,400,000) Additional Non-Resident (11,500,000) (4,000,000) Effect ? ? * Analysis for the Adopted Budget is not complete – these numbers are preliminary Budget Reduction Estimate for FY 2021-22 Tentative Budget Estimate (7,000,000) Estimated Reclassification Cost (4,500,000) Original Budget Reduction Target (11,500,000) Adjustment to estimated reclassification cost 1,500,000 Anticipated Net Revenue and expense adjustments 3,000,000 Reserve for property tax uncertainty and estimate of reclassification cost (2,000,000) (9,000,000) Numbers are subject to change based on State and local budget information and completion of Adopted Budget
Adopted Budget. Revenue State Revenue SCFF Revenue fromRollback FTES $ 8,718,279 $ 8,718,279 $ 9,160,295 Apportionment & Revenue Split via Model 111,397,204 108,659,454 119,020,193 Other State Revenue 24,564,745 22,786,609 23,614,225 Local Revenue 8,477,148 6,366,151 7,531,317 Federal Revenue 10,693,307 18,100,883 22,474,681 Total Revenue 163,850,683 164,631,376 181,800,711 Transfers In 562,347 567,392 728,467 Sabbatical Leave Other 4,962,094 6,108,124 8,419,792 Total Transfers In 5,524,441 6,675,516 9,148,259 Total Revenue and Transfers In $169,375,124 $ 171,306,891 $190,948,970 Expenditures Academic Salaries $ 59,256,147 $ 61,525,823 $ 61,955,824 Classified Salaries 34,553,269 33,409,667 36,797,398 Benefits 34,252,700 35,659,741 36,652,653 RUMBL Benefits ‐ ‐ ‐ Supplies 2,766,000 2,044,789 2,600,181 Services 21,410,249 13,180,167 25,026,995 Capital Outlay 1,322,688 2,704,592 1,003,766 Other Outgo/Payment to Students 781,490 2,896,552 1,761,358 Total Expenditures 154,342,543 151,421,331 165,798,174 Transfers Out 338,312 338,312 328,181 Sabbatical Leave Other 14,396,990 12,262,293 18,316,879 Total Transfers Out 14,735,302 12,600,605 18,645,060 Total Expenditures and Transfers Out $ 169,077,845 $ 164,021,936 $ 184,443,234 Increase/(Decrease) in Fund Balance $ 297,279 $ 7,284,955 $ 6,505,736 Beginning Balance $ 18,974,230 $ 20,187,531 $ 27,472,486 $ 19,271,509 $ 27,472,486 $ 33,978,222 Ending Balance
Adopted Budget. The source is now known as the Juvenile Probation Funding (JPF) Program, formerly TANF, administered by the Corrections Standards Authority (CSA).
Adopted Budget b. Either party may terminate this Agreement with 30 days prior written notice to the other party.
Adopted Budget. After adoption of the Proposed Budget for each fiscal year (hereinafter referred to as “Adopted Budget"), the Agent shall be bound thereby and shall operate, maintain and/or administer the affairs of the Association in substantial accordance therewith. In the event of an emergency endangering life or property or threatening the suspension of vital services to the Association (“Emergency Condition”), the Agent may make necessary expenditures in excess of those provided for in the Budget so long as such Emergency Condition and corresponding excess expenditures are brought to the attention of the Authorized Liaison as promptly as possible. Should the Association fail to finalize an Adopted Budget prior to the start of the Year, the Agent shall operate in accordance with the Drafted Budget until an Adopted Budget is properly finalized and adopted.
