Component unit definition
Component unit means a legally separate entity required to be reported in the financial statements of an agency or LPB due to the entity’s close financial relationship with the primary agency or LPB.
Component unit means an entity for which the nature and significance of its relationship with the board or institution is such that exclusion would cause the board's or institution's financial statements to be misleading or incomplete.
Component unit means a separate legal entity from a local government whose financial statements must be included in the annual audit of that local government conducted pursuant to NRS 354.624.
Examples of Component unit in a sentence
These will be continuous requirements that I must meet until the date that I report to Officer Basic Course (OBC) or a Reserve Component unit and thereafter.
The MTA shall be entitled to test, evaluate, and approve (or withhold approval) of each Communications System Component unit upon installation and the Concessionaire’s notice that the component is ready for testing in accordance with applicable acceptance criteria.
More Definitions of Component unit
Component unit means a unit of local government within the Tax District if the primary entity has administrative responsibility for the budget adoption and operation and management of transit services provided by the unit. The primary entity shall report in its financial statements information about the relationship between any component unit(s) and the primary entity.
Component unit means an entity for which the nature and
Component unit means a Component Unit of the City as reported in the City’s Annual Comprehensive Financial Report (ACFR).
Component unit or “SEPARATE COMPONENT UNIT” shall refer to a unit of local government within the Tax District if the primary entity has administrative responsibility for the budget adoption and operation and management of transit services provided by the unit. The primary entity shall report in its financial statements information about the relationship between any component unit(s) and the primary entity. The primary entity also is required to report Wake Transit Plan Revenues, expenditures and fund balance in columns separate from the primary entity’s financial data in its annually audited statements.
Component unit shall refer to any authority, district, board, or commission whose employees participate in the Bay County Employees’ Retirement System.
Component unit means a Cash Instrument Unit and following an Interest Rate Hedge Event, a Bond Unit;