Funds on Hand definition
Funds on Hand means the Council will review the Requestor’s account to determine available funds on deposit and will take those into account when making award recommendations.
Funds on Hand means: the then balance of the Reserve Fund contributed by Sponsor, Special Sponsor Contributions, all Flip Tax Proceeds, all proceeds of any sale or refinancing by the Cooperative Corporation (excluding the initial financing at or prior to the Master Cooperative Closing) or reserves of the Cooperative Corporation from any sources less Qualified Expenses, but exclusive of operating funds pursuant to the approved annual budget (excluding any portion thereof designated as a reserve), and payables for Qualified Expenses.