Examples of Designated Expenses in a sentence
Revenues Set Aside for Designated Expenses: This represents components of Gross General Fund Revenues that are set aside for designated purposes.
Any allocations made pursuant to this Section 3.3 for federal income tax purposes will not affect the allocations of Net Profit, Net Loss or Designated Expenses credited or debited to the Holders’ Capital Accounts.
The Designated Expenses computed for each Holder shall be allocated separately (not included in the allocations of Matched Income or Loss, Loss or Tax Loss) to the Book Capital Account and Tax Capital Account of each Holder.
Revenues Set Aside for Designated Expenses: This represents components of Gross General Fund Revenues that are set aside to finance non-operating budget expenses.
The Designated Expenses computed for each Holder shall be allocated separately to such Holder and debited from such Holder’s Capital Account.