Basis of budgeting definition

Basis of budgeting means the accrual or modified accrual budgeting basis under GAAP as defined by GASB.
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Basis of budgeting means the accrual/modified accrual budgeting basis under GAAP as defined by the GASB, as of [publication date of notice of intended action].
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Examples of Basis of budgeting in a sentence

  • Basis of budgeting refers to when revenues and expenditures are recognized in the accounts.

  • Basis of budgeting Each fund’s appropriated budget is prepared on a detailed line item basis.

  • Basis of budgeting Only the General Fund has a legally adopted annual budget.

  • Basis of budgeting relates to the timing of the measurements made regardless of the measurement focus applied.All Governmental Funds and the Geographic Information Systems Enterprise Fund for which budgets are adopted are budgeted and reported on the modified accrual basis of accounting; all other funds have no budget.

  • Basis of budgeting relates to the timing of the measurement made, regardless of the measurement focus applied.

  • Failure to obtain a two-third approval vote by the Village Board on the transfer of funds results in the Department Head's inability to spend the additional funds for the recommended purpose.Explanations of Budgetary Basis Basis of budgeting and accounting refers to the point in time at which revenues and expenditures are recognized in the accounts and reported in the financial statements.

  • Basis of budgeting refers to when revenues and expenditures or expenses are recognized in the accounts and reported on the financial statements.

  • NOTE A - BUDGETARY Basis of Budgeting Basis of budgeting refers to when revenues and expenditures or expenses are recognized in the accounts.

  • Basis of budgeting relates to the timing of the measurements made, regardless of the measurement focus applied.The budgeting treatment applied to a fund is determined by its measurement focus.

  • BASIS OF BUDGETING Basis of budgeting refers to when revenues and expenditures or expenses are recognized in the funds.

Related to Basis of budgeting

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Timeline means the list of critical dates and actions included in the Introductory Materials.

  • Development Budget shall have the meaning set forth in Section 3.3.

  • Project area budget means a multiyear projection of annual or cumulative

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.

  • Prospective budgeting means the determination of eligibility and the amount of assistance for a calendar month based on the best estimate of income and circumstances which will exist in that calendar month.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Baseline Schedule means the initial time schedule prepared by Contractor for Owner’s information and acceptance that conveys Contractor’s and Subcontractors’ activities (including coordination and review activities required in the Contract Documents to be performed by A/E and ODR), durations, and sequence of work related to the entire Project to the extent required by the Contract Documents. The schedule clearly demonstrates the critical path of activities, durations and necessary predecessor conditions that drive the end date of the schedule. The Baseline Schedule shall not exceed the time limit current under the Contract Documents.

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Tests after Completion means the tests (if any) which are specified in the Contract and which are carried out in accordance with the Specification after the Works or a Section (as the case may be) are taken over by the Procuring Entity.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Timetable means the timetable which reflects the working timetable issued by Network Rail at the conclusion of its timetable development process, containing the departure and arrival times of: (a) all Passenger Services which call at Stations and/or Franchisee Access Stations; and (b) principal Connections at those stations and other stations;

  • Budgets has the meaning set forth in Section 2.12(b).

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Timelines means the dates set out in Appendix 2 hereto as may be amended by agreement between the Parties and Timeline shall mean any one of such dates.

  • Approved Budget means an annual budget-

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Corrective Maintenance means the maintenance which is required when an item has failed or worn out, to bring it back to working order, which may also include those services necessary to partially restore, renew or strengthen an existing Department facility or system, following damage caused by use or normal wear and tear.

  • QAP shall have the meaning set forth in Clause 11.2;