General Operating Fund definition

General Operating Fund means a fund into which all revenues from any source are deposited and from which all financial obligations and expenditures of the Consortium are paid, except for revenues that are deposited into and paid directly from the Reserve Fund.

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

General Operating Fund means the fund established by Jeffcom into which all Annual General Operating Fund Contributions, and all other revenues from any source (except Annual Capital Reserve Fund Contributions) are deposited and from which all financial obligations and expenditures of Jeffcom are paid (except for the repair, replacement or purchase of equipment and other technology infrastructure that is paid for directly from the Capital Reserve Fund).

General Operating Fund means the General Operating Fund of the Town of Arcola.

Examples of General Operating Fund in a sentence

This Agreement will encourage the development of Dripping Springs Ranch Park as all funds generated by the City from this agreement will go to the Dripping Springs Ranch Park General Operating Fund.
Fail to establish and maintain the Replacement and General Operating Fund.
If the school district's financial condition is such that the June 30 year end audit establishes a General Operating Fund deficit which may require the district to file a deficit elimination plan with the Michigan Department of Education, then the Board of Education may exercise its responsibility to offset such by setting aside the language agreed to in Sections A, B and C until the beginning of the next school fiscal year in which an actual deficit no longer exists.
This provision provides for revenue-sharing with EAGLES employees if total audited revenues of the General Operating Fund for Fiscal Year 2011-12 exceed adopted budget revenues by Seven Hundred Fifty Thousand Dollars ($750,000) or more, excluding the category of grants, donations and interfund revenues and transfers.
The Trustees shall cause adequate reserves to be maintained in the General Operating Fund to provide for current claims payments, case reserves and incurred but not reported reserves.
A Medical Center General Operating Fund will be maintained for the purpose of recording all transactions not deposited into designated funds at the direction of the Board.
Such costs will be invoiced independent of the Member's Annual General Operating Fund Contribution and Annual Capital Reserve Fund Contribution.
Any remaining Cryopreservation Funding up to the minimum required amount will be divided equally between the General Operating Fund and the Patient Care Trust (or other fund or trust for Patient Care).
The Cost Allocation Worksheet will show with particularity the basis upon which each Member's Annual General Operating Fund Contribution and Annual Capital Reserve Fund Contribution were determined.
If there are any monies remaining in the Capital Reserve Fund after each Member has been reimbursed for the depreciated value of the equipment it transferred to ADCOM, each Member will receive a prorated portion of those monies based on the percentage that its last Annual General Operating Fund Contribution bears to the total amount of that General Operating Fund.

More Definitions of General Operating Fund

General Operating Fund means the fund established by ADCOM into which all Annual General Operating Fund Contributions, and all other revenues from any source (except Annual Capital Reserve Fund Contributions) are deposited and from which all financial obligations and expenditures of ADCOM are paid (except for the repair, replacement, upgrade or purchase of equipment, facilities and other technology infrastructure that is paid for directly from the Capital Reserve Fund).