Latest Budget definition

Latest Budget means: (a) on the Closing Date and thereafter until the Agent receives new budget pursuant to Section 5.2(e), the annual budget for the Borrowers’ operations, for the period commencing on October 1, 2004, and ending on September 30, 2005 and delivered to the Agent prior to the Closing Date; and (b) thereafter, the annual budget most recently received by the Agent pursuant to Section 5.2(e).
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Latest Budget has the meaning set forth in Section 3.15(h).
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Examples of Latest Budget in a sentence

  • Supplies and Services - this has decreased by £236k, from £773k to Latest Budget 2017/18£537k in total across both local and central risk, as per Table 3.

  • They are in a four column format as follows: - - Original Budget 2005/2006,- Latest Budget 2005/2006 (i.e likely outturn)- Base Budget 2006/2007 (i.e Original Budget 2005/2006 at 2006/2007 prices).- Proposed Budget 2006/2007(i.e. Base Budget plus Budget Changes.

  • The budgetary control statement shows that overall spending to 28 February was around £123,000 below the Latest Budget for the period.

  • Original Budget 2010/11£m Latest Budget 2010/11£mProvisional Outturn 2010/11£mVariance to Latest Budget£mVariance to Latest Budget%389.870Revenue (*) (after IFRS)385.745375.386-10.359-2.68389.870Revenue (*) (before IFRS)385.745381.901-3.844-1.00130.248Capital101.02693.426-7.600-7.5212.500General Balances13.056314.059+1.003+7.6864.8704Reserves72.323584.739+12.416+17.16 1 Due to external accounting requirements the presentation of the figures may vary.

  • Campus ProjectRenovation Building Cost/GSF Ratio GSF/ ASF Latest Budget Approval DateBerkeley Units 1 and 2 Infill Student Housing & Common Areas $181 60% 2/12/2002 Like Berkeley’s Units 1 and 2 Infill Student Housing and Common Areas project, the Hedrick and Rieber residence halls would be of Type 1 fire resistive concrete construction.

  • The attached budgetary control statement shows the following information, analysed over the most detailed budget headings:• The full year’s Approved Budget for 2021/22, which was ratified by Council on 25 January 2021.• The Latest Budget for the full year; the only changes made from the Approved Budget relate to the transfer of budgets agreed by Council on 24 May 2021 to allocate resources for the implementation of the new Grants scheme.• The budget to date, based on the latest budget for the year.

  • Construction Costs – Latest Budget: Bill shared that we are within budget and that there had been few problems, nothing that has triggered the District using the contingency reserve.

  • The Latest Budget is the revised position as reported to Full Council at its meeting in February 2015.

  • Table 1 sets out the Revenue Outturn position.Table 1: Revenue Outturn 2016/17 Summary 2016/17Original Budget Latest Budget Provisional Outturn Directorates’ Position The outturn for the Directorates is a net over spend of £10.982m after taking into consideration the net contribution to reserves of £745k and a carry forward assumed of £2.336m.

  • Appendix 2 provides details on local risk, central risk, support services and capital charges budget movements between the 2020/21 Original Budget and the 2020/21 Latest Budget.

Related to Latest Budget

  • Project Budget means the budget and project description included in the grant application. The Project Budget must succinctly describe all major elements of project work, the estimated cost of each, and clearly allocate requested grant funding and match contributions to each.

  • BASE budget means the minimum general fund budget of a district, which includes 80% of the basic

  • Approved Budget means an annual budget-

  • Approved Project Budget means the most recent statement, approved by the FTA, of the costs of the Project, the maximum amount of Federal assistance for which the TJPA is currently eligible, the specific tasks (including specified contingencies) covered, and the estimated cost of each task.

  • DIP Budget means the “Approved Budget” as defined in the DIP Term Facility Order.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Capital Budget has the meaning given in Section 3.11(a).

  • Construction Budget means the fully-budgeted costs for the acquisition and construction of a given parcel of real property (including, without limitation, the cost of acquiring such parcel of real property, reserves for construction interest and operating deficits, tenant improvements, leasing commissions, and infrastructure costs) as reasonably determined by the Parent in good faith.

  • Development Budget means the cost categories listed on Pages 8 - 11 in Form 3 that are directly related to the proposed Project as submitted in the Application. Indirect or off-site costs not directly related to the development of the project are not valid or eligible costs.

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Operating Budget has the meaning given in Section 3.11(a).

  • Project area budget means a multiyear projection of annual or cumulative

  • Annual Budget means the operating budget, including all planned capital expenditures, for the Property prepared by Borrower for the applicable Fiscal Year or other period.

  • Initial Budget has the meaning set forth in Section 7.06(a).

  • Research Budget has the meaning set forth in Section 2.2.

  • Wind-Down Budget means a budget to be prepared by the Debtors, and reasonably acceptable to the Deerfield Requisite Supporting Noteholders, the Unaffiliated Requisite Supporting Noteholders, and the Committee, which shall be filed with the Court as part of the Plan Supplement, and which may be amended from time to time after entry of the Confirmation Order, subject to the consent of the Oversight Committee, which consent shall not be unreasonably withheld, and which shall estimate the funds necessary to administer the Plan and wind down the Debtors’ affairs, including the costs of holding and liquidating the Estates’ remaining property, objecting to Claims, making the Distributions required by the Plan, prosecuting claims and Causes of Action that may be held by the Estates against third parties that are not released, waived or transferred pursuant to the Plan (including pursuant to Article X) or otherwise, paying Taxes, filing Tax returns, paying professionals’ fees and expenses, paying the fees and expenses of the Oversight Committee, funding payroll and other employee costs, providing for the purchase of errors and omissions insurance and/or other forms of indemnification for the Plan Administrator, and for all such items and other costs of administering the Plan, the Estates and the Liquidating Debtors (other than the Administrative and Priority Claims Reserve, the Disputed Claims Reserve, and the Professional Fee Reserve).

  • Annual Operating Budget has the meaning set forth in Section 4.11.

  • Annual Balanced Budget means that, in each Funding Year of the term of this Agreement, the total revenues of the HSP are greater than or equal to the total expenses, from all sources, of the HSP;

  • Approved Annual Budget shall have the meaning set forth in Section 5.1.11(d) hereof.

  • Base Case Projections means the initial forecast for the Project prepared as of the Effective Date using the Base Case Financial Model.

  • Qualified Project Costs means costs paid with respect to the Project that meet each of the following requirements: (i) the costs are properly chargeable to capital account (or would be a so chargeable with a proper election by the Borrower or but for a proper election by the Borrower to deduct such costs) in accordance with general Federal income tax principles and in accordance with United States Treasury Regulations §1.103-8(a)(1), provided, however, that only such portion of the interest accrued during construction of the Project shall be eligible to be a Qualified Project Cost as bears the same ratio to all such interest as the Qualified Project Costs bear to all costs of the construction of the Project; and provided further that interest accruing after the date of completion of the Project shall not be a Qualified Project Cost; and provided still further that if any portion of the Project is being constructed by an Affiliate (whether as general contractor or a subcontractor), Qualified Project Costs shall include only (A) the actual out-of- pocket costs incurred by such affiliate in constructing the Project (or any portion thereof), (B) any reasonable fees for supervisory services actually rendered by such affiliate, and (C) any overhead expenses incurred by such affiliate which are directly attributable to the work performed on the Project, and shall not include, for example, intercompany profits resulting from members of an affiliated group (within the meaning of Section 1504 of the Code) participating in the construction of the Project or payments received by such affiliate due to early completion of the Project (or any portion there); (ii) the costs are paid with respect to a qualified residential rental project or projects within the meaning of Section 142(d) of the Code, (iii) the costs are paid after the earlier of 60 days prior to the date of a declaration of “official intent” to reimburse costs paid with respect to the Project (within the meaning of §1.150-2 of the United States Treasury Regulations) or the date of issue of the Bonds, and (iv) if the costs of the construction of the Project were previously paid and are to be reimbursed with proceeds of the Bonds such costs were (A) costs of issuance of the Bonds, (B) preliminary capital expenditures (within the meaning of United States Treasury Regulations §1.150-2 (F) (2)) with respect to the Project (such architectural, engineering and soil testing services) incurred before commencement of construction of the Project that do not exceed twenty percent (20%) of the issue price of the Bonds (as defined in United States Treasury Regulations §1.148-1), or (C) were capital expenditures with respect to the Project that are reimbursed no later than eighteen (18) months after the later of the date the expenditure was paid or the date the Project is placed in service (but no later than three (3) years after the expenditures is paid).

  • Project Costs means all allowable costs, as set forth in the applicable Federal cost principles, incurred by a recipient and the value of the contribu- tions made by third parties in accom- plishing the objectives of the award during the project period.

  • Operating Plan means a plan adopted or amended under this section for the development, redevelopment, maintenance, operation and promotion of a business improvement district, including all of the following:

  • Business Plan means the information required to be supplied to the

  • Total Project Costs means the total amount of money required to complete the Project.

  • Project Schedule means a document that, with respect to each Phase of the Project, identifies, coordinates and integrates the anticipated design and construction schedules, the Contracting Authority’s and Owner's responsibilities, government authority reviews and other activities as are necessary for the timely completion of the Work.