Budget Reduction definition

Budget Reduction means a reduction in revenues and/or expenditures. Budget reductions require adoption by resolution of the Board of Commissioners after public notice of the meeting when they are to be considered.
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Examples of Budget Reduction in a sentence

  • Budget Reduction) In compensating for any reduction in funding, local districts must give priority to preserving classroom teachers and operations.

  • The Medium Term Financial Plan Budget Reduction Proposal ASSH 26 identifies management of reduced funding to Supporting People through re-commissioning of services.

  • Resources are allocated to deliver the Bridgend Change Programme based on clear strategic plans that are kept under review by Corporate Directors to maintain alignment with the MTFS and a MTFS Budget Reduction Contingency Reserve will be maintained.

  • An MTFS Budget Reduction Contingency Reserve will be maintained to mitigate against unforeseen delays.

  • Budget Reduction) In compensating for any reduction in funding or an operating deficit publically recognized by the School Board of Trustees, local districts must give priority to preserving classroom teachers and operations.

  • As outlined in the MTFS reports to Cabinet and Council, MTFS Principle 12 states that “Resources are allocated to deliver the Bridgend Change Programme based on clear strategic plans that are kept under review by Corporate Directors to maintain alignment with the MTFS and a MTFS Budget Reduction Contingency will be maintained”.

  • The MTFS Budget Reduction Contingency Reserve referenced in Principle 7 enables the Council to manage delays or unforeseen obstacles to the delivery of significant MTFS budget reduction proposals.

  • There is a £0.261m Budget Reduction in place as part of the Creating a Better Place strategy; however, given the effects of the current COVID-19 pandemic it is anticipated that £0.163m of the saving will not be fully achieved in year.

  • There is one Budget Reduction for the Portfolio in 2020/21; £0.150m relating to a review of Direct Payments.

  • Budgets will be managed by Corporate Directors in accordance with the Council’s Financial Procedure Rules.The MTFS Budget Reduction Contingency Reserve referenced in Principle 12 enables the Council to manage delays or unforeseen obstacles to the delivery of significant MTFS budget reduction proposals.

Related to Budget Reduction

  • Budget-related Policy means a policy of a municipality affecting or affected by the annual budget of the municipality, including-

  • Budget month means the calendar month from which nonfinancial and financial information is used to determine eligibility (see section (28) of this rule) and benefit level for the payment month (see section (50) of this rule).

  • Budget Act means the Bipartisan Budget Act of 2015 (P.L. 114-74).

  • Budget year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Budget Period means the fiscal period for which a budget is prepared.

  • COBRA means the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended.

  • Health Benefits means health maintenance organization, insured or self-funded medical, dental, vision, prescription drug and behavioral health benefits.

  • Dental means of or relating to the teeth and the work of a dentist.

  • State Budget Director means the individual appointed by the Governor pursuant to Section 321 of The Management and Budget Act, 1984 PA 431, MCL 18.1321.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Health and Welfare Benefits means any form of insurance or similar benefit programs, which may include but not be limited to, medical, hospitalization, surgical, prescription drug, dental, optical, psychiatric, life, or long-term disability.

  • Budget unit means the unit for which the ANB of a district is calculated separately pursuant to 20-9-311.

  • Medical leave means leave of up to a total of 12 workweeks in a 12-month period because of an employee’s own serious health condition that makes the employee unable to work at all or unable to perform any one or more of the essential functions of the position of that employee. The term “essential functions” is defined in Government Code section 12926. “Medical leave” does not include leave taken for an employee’s pregnancy disability, as defined in (n) below, except as specified below in section 11093(c)(1).

  • the Contributions and Benefits Act means the Social Security Contributions and Benefits Act 1992;

  • Continuation Coverage means coverage under a COBRA continuation provision or a similar state program. Coverage provided by a plan that is subject to a COBRA continuation provision or similar state program, but that does not satisfy all the requirements of that provision or program, will be deemed to be continuation coverage if it allows an individual to elect to continue coverage for a period of at least 18 months. Continuation coverage does not include coverage under a conversion policy required to be offered to an individual upon exhaustion of continuation coverage, nor does it include continuation coverage under the Federal Employees Health Benefits Program.

  • Budget Holder means the director or employee with delegated authority to manage finances (Income and Expenditure) for a specific area of the organisation.

  • Health benefits plan means a benefits plan which pays or

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • COBRA Continuation Coverage means the health care benefit continuation coverage mandated by the Consolidated Omnibus Budget Reconciliation Act and similar provisions of state law.

  • omnibus Instrument" means the Omnibus Instrument in which this Coordination Agreement is included as Section H.

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health Plans means any and all individual and family health and hospitalization insurance and/or self-insurance plans, medical reimbursement plans, prescription drug plans, dental plans and other health and/or wellness plans.

  • Gap medical benefits means the benefits (if any) payable in respect of medical expenses that are less than, greater than or equal to the schedule fee, provided always that the medical expenses relate to a professional service that:

  • COBRA Coverage means continued medical and dental coverage under the Company’s benefit plans, as determined under section 4980B of the Code.

  • Retiree Health Plan means an "employee welfare benefit plan" within the meaning of Section 3(1) of ERISA that provides benefits to individuals after termination of their employment, other than as required by Section 601 of ERISA.

  • Qualified health plan means a health benefit plan that has in effect a certification that the plan