Earmarked Reserves Sample Clauses

Earmarked Reserves. Most earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the council and to ensure that council reserves are used on an invest-to-save basis and to support council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee in September. Changes to the Reserve Commitments shown will be reported in the next Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for £000 Corporate Reserves Corporate Reserves Third Party Monies Reserve Parks Bequest 44 Corporate Reserves Third Party Monies Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 334 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 50 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 484 Corporate Priority Reserves Corporate Property Reserve Marple/Cheadle Pool Closure Loss of Income 49 Reserve Linked to Budget Transformation – Invest to Save Reserve Specialist Support from leisure experts for the Leisure review. 110 Reserve Linked to Budget Transformation - Invest to Save Reserve Climate Change 101 Total 1,251 3.5 Portfolio Savings Programme Proposal Risk Rating Value (£000) Forecasted Value Achieved (£000) Additional Information 2021/22 savings programme Adjustment to budget – resource and vacancy management plus additional commercial waste income. Green 70 70 The forecast suggests this will be achieved. Sustainable Stockport - subtotal 70 70 Risk rating Green – good confidence (90% plus) the saving is/will be delivered or minor variances (<£0.050m) that will be contained within the portfolio. Xxxxx – progressing at a reasonable pace, action plan being pursued may have some slippage across years and/or the final position may also be a little unclear. Red – Significant issues arising, or further detailed consultation required, which may be complex or contentious.
Sample 1Sample 2See All (6)
AutoNDA by SimpleDocs
Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the Council, ensure that Council reserves are used on an invest-to-save basis and to support Council priorities. The exceptions to this are ring-fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the Council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee and Cabinet in August. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for “Approved Use” £000 Corporate Reserves Corporate Reserves Third Party Monies Reserve Parks Bequest 45 Corporate Reserves Third Party Monies Reserve XX Xxxxx Bequest 79 Corporate Reserves Area Committee Reserves Delegated Budgets 566 Strategic Priority Reserve Capital Programme Investment Reserve Road Safety in Schools 100 Strategic Priority Reserve Infrastructure Investment Reserve Tree Programme 206 Corporate Reserves Legislative and Statutory Requirements Reserve Waste Campaign (18th months) carry forward 44 Strategic Priority Reserve Capital Programme Investment Reserve Pothole Repair Scheme Funding 573 Strategic Priority Reserve Infrastructure Investment Reserve War Memorials 7 Corporate Property Reserves Corporate Property Reserves Cheadle Pool Closure Loss of Income 44 TOTAL 1,664
Sample 1Sample 2
Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the Council and to ensure that Council reserves are used on an invest-to-save basis and to support Council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the Council’s Reserves Policy update that will be reported to Corporate Resource Management and Governance Scrutiny Committee and Cabinet in August. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for £000 Directorate Reserves Directorate Reserve Directorate Flexibility Reserve - People 2 ESA Advisors 2 Corporate Reserves Budget Resilience Reserve Adults Reserve Learning Disability Sleep ins; increased hourly rates 24 Strategic Priority Reserve Health and Social Care Integration Reserve improved Better Care Fund balances 3,874 Strategic Priority Reserve Health and Social Care Integration Reserve ASC Grant balance 325 Strategic Priority Reserve Health and Social Care Integration Reserve ASC (SNC Schemes) – Part phasing of reserve contribution 500 Reserve Linked to Budget Transformation - Invest to Save Reserve Implementation of the Liquid Logic System across Children’s and Adults 662 Reserve Linked to Budget Transformation – Double Running reserve To fund delay in implementation of charging policy 19/20 367 Corporate Reserve Revenue Xxxxx XXXXX Co Production 23 Corporate Reserve Revenue Grant Hate Crime Funding 18 Corporate Reserve Revenue Grant Social Care Digital Innovation Programme (SCDIP) 36 Corporate Reserve Revenue Grant European Funded Schemes 217 Corporate Reserves Revenue Grant Public Health: mitigate in year pressures and meet savings targets 826 Corporate Reserves Revenue Grant Public Health: Controlling Migration Fund and Controlling Migration Fund 2 107 Total 6,981
Sample 1
Earmarked Reserves. Most earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the council and to ensure that council reserves are used on an invest-to-save basis and to support council priorities. The exceptions to this are ring fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the council’s Reserves Policy update that will be reported in September to the Corporate Resource Management and Governance Scrutiny Committee, and Cabinet Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for Approved £000 Corporate Reserves Strategic Priority Transformation – Invest to Save Stockport Local Fund 623 TOTAL 623
Sample 1
Earmarked Reserves. The majority of earmarked reserves are held at a corporate level and services produce a business case to draw down funds, which is approved through Corporate Leadership Team and Members. This strategic approach is designed to provide financial resilience for the council and to ensure that council reserves are used on an invest-to-save basis and to support council priorities. The exceptions to this are ring-fenced reserves and the Directorate Flexibility Reserve. The reserve commitments shown are subject to change as part of the council’s Reserves Policy update that have been reported to Cabinet in July and will be reported to Corporate Resource Management and Governance Scrutiny Committee in September. Changes to the Reserve Commitments shown will be reported in the mid-year Portfolio Performance and Resources Report. Reserve Category Reserve Narration To be used for £000 Directorate Reserves Directorate Reserve Directorate Flexibility Detailed Feasibility Study for ERDF 3 Reserve - Place funding Corporate Reserves Strategic Priority Reserve Capital Programme Investment Reserve Interchange 377 Strategic Priority Reserve Infrastructure Investment Reserve To part fund GM Full Fibre Network Programme (capital scheme) 740 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes SEMMMS (South East Manchester Multi Modal Strategy) Refresh - feasibility/design - New Study Station 15 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes SEMMMS Refresh - feasibility/design - Change Here: Next Gen Metro 80 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes SEMMMS Refresh - feasibility/design - Cycling and Walking 3 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes SEMMMS Refresh - feasibility/design - A34 Strategic Corridor 16 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes Xxxx Mill 293 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes Residential Design Guide 8 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes Town Centre West Greek Street Railway Bridge 50 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes Legal Capacity 20 Strategic Priority Reserve Capital Investment Reserve - Town Centre & District Schemes District Centres 59 Strategic Priority Reserve Capital Investment Reserve -...
Sample 1

Related to Earmarked Reserves

  • Management Accounts The Management Accounts:

  • Operating Accounts (a) Maintain all of Borrower’s and its Subsidiaries’ Collateral Accounts in accounts which are subject to a Control Agreement in favor of Collateral Agent.

  • Operating Account To the extent funds are not required to be placed in a lockbox pursuant to any Loan Documents, Property Manager shall deposit all rents and other funds collected from the operation of the Property in a reputable bank or financial institution in a special trust or depository account or accounts for the Property maintained by Property Manager for the benefit of the Company (such accounts, together with any interest earned thereon, shall collectively be referred to herein as the “Operating Account”). Property Manager shall maintain books and records of the funds deposited in and withdrawals from the Operating Account. With funds from Company, Property Manager shall maintain the Operating Account so that an amount at least as great as the budgeted expenses for such month is in the Operating Account as of the first of each month. From the Operating Account, Property Manager shall pay the operating expenses of the Property and any other payments relative to the Property as required by this Agreement. If more than one account is necessary to operate the Property, each account shall have a unique name, except to the extent any Lender requires sub-accounts within any account. Within three (3) months after receipt by Property Manager, all rents and other funds collected in the Operating Account, after payment of all operating expenses, debt service and such amounts as may be determined by the Property Manager to be retained for reserves or improvements, shall be paid to the Company.

  • Insurance Reserves Lender may require Grantor to maintain with Lender reserves for payment of insurance premiums, which reserves shall be created by monthly payments from Grantor of a sum estimated by Lender to be sufficient to produce, at least fifteen (15) days before the premium due date, amounts at least equal to the insurance premiums to be paid. If fifteen (15) days before payment is due, the reserve funds are insufficient, Grantor shall upon demand pay any deficiency to Lender. The reserve funds shall be held by Lender as a general deposit and shall constitute a non-interest-bearing account which Lender may satisfy by payment of the insurance premiums required to be paid by Grantor as they become due. Lender does not hold the reserve funds in trust for Grantor, and Lender is not the agent of Grantor for payment of the insurance premiums required to be paid by Grantor. The responsibility for the payment of premiums shall remain Grantor's sole responsibility.

  • Expense Account The Corporation shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Corporation’s business. Such expenses will include business meals, out-of-town lodging and travel expenses. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to Employee following receipt and verification of such reports.

  • Required Reserve Amount So long as this Warrant remains outstanding, the Company shall at all times keep reserved for issuance under this Warrant a number of shares of Common Stock at least equal to 100% of the maximum number of shares of Common Stock as shall be necessary to satisfy the Company’s obligation to issue shares of Common Stock under the Warrants then outstanding (without regard to any limitations on exercise) (the “Required Reserve Amount”); provided that at no time shall the number of shares of Common Stock reserved pursuant to this Section 1(g) be reduced other than in connection with any exercise of Warrants or such other event covered by Section 2(c) below. The Required Reserve Amount (including, without limitation, each increase in the number of shares so reserved) shall be allocated pro rata among the holders of the Warrants based on the number of shares of Common Stock issuable upon exercise of Warrants held by each holder thereof on the Issuance Date (without regard to any limitations on exercise) (the “Authorized Share Allocation”). In the event that a holder shall sell or otherwise transfer any of such holder’s Warrants, each transferee shall be allocated a pro rata portion of such holder’s Authorized Share Allocation. Any shares of Common Stock reserved and allocated to any Person which ceases to hold any Warrants shall be allocated to the remaining holders of Warrants, pro rata based on the number of shares of Common Stock issuable upon exercise of the Warrants then held by such holders thereof (without regard to any limitations on exercise).

  • Tax Reserves The Company has established on its books and records adequate reserves for all Taxes and for any liability for deferred income taxes in accordance with Adjusted GAAP.

  • Types of Cash Accounts Cash accounts opened on the books of the Custodian (Principal Accounts) shall be opened in the name of the Fund. Such accounts collectively shall be a deposit obligation of the Custodian and shall be subject to the terms of this Section 7 and the general liability provisions contained in Section 9. Cash accounts opened on the books of a Subcustodian may be opened in the name of the Fund or the Custodian or in the name of the Custodian for its customers generally (Agency Accounts). Such deposits shall be obligations of the Subcustodian and shall be treated as an Investment of the Fund. Accordingly, the Custodian shall be responsible for exercising reasonable care in the administration of such accounts but shall not be liable for their repayment in the event such Subcustodian, by reason of its bankruptcy, insolvency or otherwise, fails to make repayment.

  • Expenditure Limit The Contractor shall notify the County of Orange assigned Deputy Purchasing Agent in writing when the expenditures against the Contract reach 75 percent of the dollar limit on the Contract. The County will not be responsible for any expenditure overruns and will not pay for work exceeding the dollar limit on the Contract unless a change order to cover those costs has been issued.

  • Project Accounts The Grantee agrees to establish and maintain for the Project either a separate set of accounts or accounts within the framework of an established accounting system, in a manner consistent with 49 C.F.R. § 18.20, or 49 C.F.R. § 19.21, as amended, whichever is applicable.

Time is Money Join Law Insider Premium to draft better contracts faster.